Company profile / UTLSOLAR

Fujiyama Power Systems

Other · 2 quarters tracked · source-linked performance and management context.

Research layer active
PositiveCredibility 0/100Latest record q4-fy26

Latest revenue

₹981 Cr

financial record pending verification

Quarters tracked

2

source records in the directory

Delivery assessment

0

Across 2 tracked commitments: 0 delivered, 2 missed.

Call date

2026-04-??

latest available source date

Signal trajectory

2 actual quarters
EBITDA (₹ Cr)PositiveWatchNegative
2 actual records
Actual quarterly EBITDA (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q3 FY26: 110 · Positive source sentiment · 2026-01-15Q3 FY26Q4 FY26: 171.5 · Positive source sentiment · 2026-04-??Q4 FY26171.5110
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Current read

0/100

Across 2 tracked commitments: 0 delivered, 2 missed.

Latest source read

What changed this quarter?

Open quarter read

Fujiyama Power Systems delivered a stellar Q4 FY26 with revenue of ₹981 crore (+87.5% YoY) and EBITDA margin expanding to 19% (+250bps YoY), driven by strong volume growth (~70% in GW terms) and backward integration benefits. PAT margin improved to 11.8% as finance costs declined post-IPO debt repayment. The company added 80+ distributors and 450+ dealers, taking the total channel network to 8,900+. Management guided for 50% revenue growth in FY27, supported by the newly commissioned 2 GW Ratlam facility (peak revenue potential ₹5,000 crore) and planned 1.2 GW TOPCon cell line (₹350 crore capex). A fire at the lead-acid battery facility temporarily disrupted operations, but alternate third-party arrangements are in place with minimal margin impact. Key risks include BIS inspection on 10-15 SKUs (potential penalty up to seizure value) and execution delays in battery line commissioning.

Colored figures compare against the previous available record. Hover or focus one for the comparison.

Signal

Positive

Revenue

₹981 Cr

Source date

2026-04-??

Across the record

Quarter history.

2 source records

History modules

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