Fujiyama Power Systems Share Price

Electrical Equipment & Products company Fujiyama Power Systems announced Q4FY26 & FY26 results Q4FY26 & FY26 Financial Highlights: Total Income: For the full year FY26, the company reported a total income of Rs 26,600.27 million, representing a growth of 71.60% compared to Rs 15,500.92 million in FY25. For Q4FY26, total income stood at Rs 9,036.01 million, an increase of 53.45% QoQ from Rs 5,888.71 million in Q3FY26 and an increase of 85.28% YoY from Rs 4,876.96 million in Q4FY25. Revenue from Operations: Annual revenue for FY26 reached Rs 26,545.06 million, up 72.29% from Rs 15,406.77 million in FY25. Revenue for Q4FY26 was Rs 9,007.73 million, growing 53.07% QoQ from Rs 5,884.77 million and 87.53% YoY from Rs 4,803.45 million. Profit Before Tax (PBT): For the full year FY26, PBT stood at Rs 4,080.29 million, a 91.45% increase from Rs 2,131.23 million in FY25. Q4FY26 PBT was Rs 1,441.15 million, reflecting a growth of 61.27% QoQ from Rs 893.62 million and 100.81% YoY from Rs 717.65 million. Profit After Tax (PAT): The company reported a net profit of Rs 3,041.25 million for FY26, up 94.53% from Rs 1,563.35 million in FY25. Q4FY26 PAT reached Rs 1,063.23 million, a growth of 57.95% QoQ compared to Rs 673.14 million and 107.51% YoY compared to Rs 512.38 million. Total Comprehensive Income: For the full year FY26, total comprehensive income was Rs 3,039.44 million. For Q4FY26, it was Rs 1,061.13 million, up 57.50% QoQ and 107.49% YoY. Earnings Per Share (EPS): Basic EPS for FY26 was Rs 10.24, compared to Rs 5.59 in FY25. For Q4FY26, basic EPS stood at Rs 3.58. Business Highlights: Ratlam Manufacturing Expansion: The company commissioned its 2,000 MW solar panel manufacturing facility at Ratlam, Madhya Pradesh, bringing its total solar panel capacity to 3,568 MW. The project aims for a planned capacity of 2,000 MW each for solar panels, batteries, and inverters. New Solar Cell Project: The Board approved the setting up of a 1.2 GW ‘TopCon’ solar cell manufacturing facility at Ratlam with an estimated investment budget of ~Rs 350 crore, to be financed through debt and internal accruals. Commercial operations are expected to begin in Q1 of FY27-28. Initial Public Offer (IPO): The company completed its IPO and listed its shares on November 20, 2025, raising Rs 31,111.66 lakh (net of issue expenses). The proceeds are being utilized for the Ratlam expansion and general corporate purposes. Bawal Facility Fire Incident: A major fire occurred on May 06, 2026, at the Bawal (Haryana) battery manufacturing facility. The incident damaged building structures, machinery, and inventory with an estimated carrying value of Rs 1,576.30 million. Management noted the inventory loss at approximately Rs 105 crore and fixed asset loss at approximately Rs 90 crore. Operations are temporarily suspended, and demand is being met via third-party procurement. Segment Performance: The company operates in a single reportable segment involving the production and sale of solar-related products. While operations are predominantly in India, the company reported export revenue of Rs 9,945.67 million for FY26, with the USA (Rs 3,093.60 million) and UAE (Rs 3,773.44 million) being key markets. Strategic Acquisitions: On April 25, 2026, the Board approved the acquisition of a 31% equity stake each in Zayo Energy Private Limited and Zayo Cables Private Limited, making them associates of the company. Management Changes: Mr. Pawan Nawal was appointed as Chief Financial Officer effective May 15, 2026. Mr. Sonu Gupta, formerly the CFO, has been re-designated as General Manager (GM) Finance. Pawan Kumar Garg, Chairman and Joint Managing Director, said: “Following the successful completion of our IPO, FY2026 marks our first full year financial reporting post becoming listed company and an important step forward in our growth journey. During the year, we continued to scale operations, strengthen integration across the rooftop solar value chain and expand our reach across key markets. The demand environment for residential rooftop solar and power-backup solutions remained supportive, driven by increasing adoption across Tier-2 and Tier-3 cities, favourable government policies and rising consumer preference During the quarter, Revenue from Operations was Rs. 9,008 million, reflecting a year-on-year growth of 87.5%, while EBITDA increased by 116.9% to Rs. 1,715 million. For the full year, Revenue from Operations reached Rs. 26,545 million, registering a growth of 72.3% over the previous year. EBITDA for FY2026 was Rs. 4,903 million, up 97.3% year-on-year, with margins improving to 18.5% compared to 16.1% last year. The improvement in profitability reflects the benefits of higher operating scale, improved utilisation across manufacturing facilities and the increasing contribution of backward-integrated operations. Our distribution network continued to strengthen during the quarter, further improving our access to high-potential markets. We added over 80 distributors, 450 dealers and 30 exclusive Shoppes in Q4 FY2026, taking our total channel partner base to more than 8,900 as of March 2026. This expanding network, supported by a trained service and installation team, allows us to stay closer to customers, improve response timelines and enhance the overall customer experience. A strong on-ground presence remains critical in the rooftop solar segment, where trust, service reliability and accessibility play a key role in driving adoption. On the manufacturing front, we continued to focus on strengthening backward integration and expanding capabilities aligned with evolving market requirements. With this the Company has commissioned its 2,000 MW solar panel manufacturing capacity at Ratlam, further enhancing module manufacturing capabilities. Furthermore, we are in the process of setting up a 1,200 MW TOPCon solar cell manufacturing facility at Ratlam, which will complement our existing capacities and support our expansion into the on-grid segment. This facility will also position us to participate more effectively in the growing opportunity under the PM Surya Ghar Muft Bijli Yojana, where demand is expected to be driven by Direct Benefit Transfer (DBT) subsidy-linked residential installations. The commissioning of power electronics and battery capacities at Ratlam saw some delays as we incorporate the latest advancements in lithium-ion battery technology, ensuring that our products remain relevant and competitive as the market evolves. In addition, certain geopolitical developments had an impact on supply timelines during the execution phase. With these factors now largely addressed, the Inverter manufacturing line is expected to be commissioned by Q1FY27, with machinery already received at the facility. Furthermore, for Batteries, machinery orders have been placed and commissioning by expected in Q2FY27. Looking ahead, the outlook for residential solar solutions remains favourable, supported by policy continuity, increasing awareness and rising demand for reliable power solutions. As we move forward, our focus will remain on expanding capacity, strengthening backward integration, improving operating efficiencies and further expanding our distribution reach. We remain committed to delivering high-quality and dependable solar solutions while continuing to create long-term value for all stakeholders.” Result PDF

• Trendlyne
• 3 weeks ago

Electrical Equipment & Products company Fujiyama Power Systems announced Q3FY26 results Revenue: Rs 5,885 million against Rs 3,386 million during Q3FY25, change 74%. EBITDA: Rs 1,099 million against Rs 523 million during Q3FY25, change 110%. EBITDA Margin: 18.7% for Q3FY26. PAT: Rs 673 million against Rs 300 million during Q3FY25, change 124%. PAT Margin: 11.4% for Q3FY26. EPS: Rs 2.37 for Q3FY26. Pawan Kumar Garg, Chairman, Joint Managing Director, said: “Following the successful listing and the steady progress made over the last quarter, Fujiyama continues to move ahead on its planned growth trajectory supported by improving scale, expanding manufacturing integration and a strengthening nationwide presence. The demand environment for rooftop solar solutions remains favourable, driven by rising residential adoption, government support for domestic manufacturing and the growing need for reliable power-backup solutions across Tier-2 and Tier-3 cities. During Q3FY26, Revenue from Operations was Rs 5,885 million, registering a YoY growth of 73.8%. EBITDA for the quarter more than doubled, with margins expanding to 18.7%. For the nine-month period, Revenue from Operations reached Rs 17,537 million, reflecting a 65.4% YoY increase, while EBITDA increased to Rs 3,188 million, up 88.1% year-on-year, with margins improving to 18.2% compared to 16.0% in the previous year. This performance reflects the benefits of higher operating scale and a deeper backward integration. Our distribution network continued to expand during the quarter, further strengthening our reach in high-potential markets. In Q3FY26, we added over 60 distributors, 400 dealers and 20 exclusive Shoppes, taking the total channel partner base to more than 8,200. This growing on-ground presence, supported by a trained sales and service team, enables us to be closer to end-customers, improve service responsiveness and drive deeper penetration in the residential rooftop and power-backup segments, where trust, accessibility and after-sales support play a critical role. As part of our longer-term strategy to deepen manufacturing integration, the Company has recently commissioned a 1 GW solar cell manufacturing facility at Dadri, Uttar Pradesh, based on Mono PERC technology, with an investment of around Rs 300 crore. The facility has been aligned with Fujiyama’s existing manufacturing footprint, where the Company currently operates 1.6 GW of solar panel capacity, including 1.2 GW located at Dadri. The entire solar cell output from the new plant will be utilised for captive consumption, supporting greater integration between cell and module manufacturing. By bringing solar cell manufacturing in-house, Fujiyama is strengthening supply-chain reliability, reducing dependence on imported cells and improving visibility and control over input costs. The production of Mono PERC DCR solar cells also enables the Company to cater effectively to subsidy-linked consumer demand, reinforcing its positioning in the domestic rooftop market. Looking ahead, the demand environment for residential and distributed solar solutions remains favourable. With the continued push towards solar adoption, favourable policy support and increasing preference for reliable rooftop solar solutions, the long-term opportunity for integrated manufacturer like Fujiyama remains encouraging. As we move ahead, our priorities remain centered on expanding capacity, deepening backward integration, strengthening distribution and improving operational efficiency. We remain committed to delivering dependable, high-quality solar solutions to Indian households and to creating sustainable value for all stakeholders.” Result PDF

• Trendlyne
• 4 months ago

Conference Call with Fujiyama Power Systems Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 5 months 3 weeks ago