FY27 sales target: 1 GW each for solar panels, inverters, and batteries
Management guided for minimum 1 GW sales of solar panels, inverters, and batteries in FY27, with potential to exceed.
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Fujiyama Power Systems · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
revenue
Ratlam facility to contribute from Q1 FY27
New Ratlam lines (2 GW module, 2 GW inverter, 2 GW battery) will start contributing to revenue from Q1 FY27.
Solar cell plant to reach 80% utilization by Q4 FY26 end
The new 1 GW solar cell plant at Dadri is expected to ramp up to 80% utilization by end of Q4 FY26.
Ratlam facility: 50% utilization in FY27, 100% in FY28
Management expects at least 50% utilization of Ratlam capacity in FY27 and full utilization by FY28.
50% revenue growth in FY27
Management guided for 50% year-on-year revenue growth in FY27, supported by new capacity and distribution expansion.
PAT margin guidance of 11-13%
Management expects PAT margins to remain in the 11-13% range, with stable to improving trends.
Ratlam facility peak revenue potential ₹5,000 crore
The 2 GW integrated Ratlam facility is expected to generate peak revenue of ₹5,000 crore when fully utilized by end of FY28.
1.2 GW TOPCon cell line capex ₹350 crore
Planned 1.2 GW TOPCon solar cell manufacturing facility at Ratlam with total capex of ₹350 crore (excluding land).