Fujiyama Power Systems Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Audited Annual Financial results and Limited Reviewed Quarterly Financial results ended March 31, 2026".
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Fujiyama Power Systems (formerly private limited) reported its first full-year results as a listed company, with Q4 FY26 revenue of Rs. 9,008 million (up 87.5% YoY) and full-year FY26 revenue of Rs. 26,545 million (up 72.3% YoY). EBITDA for FY26 came in at Rs. 4,903 million, up 97.3% YoY, with margins expanding to 18.5% from 16.1% the prior year. PAT for FY26 was Rs. 3,041 million, up 94.5% YoY with an EPS of Rs. 10.24. The company has expanded its channel partner network to over 8,900 and commissioned 2,000 MW of solar panel manufacturing capacity at Ratlam, with a further 1,200 MW TOPCon cell facility under construction. Inverter manufacturing is delayed to Q1 FY27 and battery capacity to Q2 FY27 due to technology upgrades and geopolitical supply chain issues.
Strong all-round growth with margin expansion reflects benefits of backward integration and operating scale. The company is well-positioned in India's residential rooftop solar market, though investors should monitor the delayed battery and inverter capacity ramp-up.