Fujiyama Power Systems announced a significant Q2 FY27 performance, with revenue soaring by 130% to INR 1,307 crores and EBITDA growing by 116% to INR 223 crores. The company highlighted a doubling of its business year-on-year and detailed its ongoing capacity expansions, including lithium-ion battery facilities and new solar cell plants, positioning for continued growth.
Strong Financial Performance in Q2 FY27
Fujiyama Power Systems has reported a robust financial performance for the second quarter (Q2) and first half (H1) of FY27. In Q2 FY27, the company’s revenue from operations reached INR 1,307 crores, marking a substantial increase of 130% compared to the same period last year. EBITDA for the quarter stood at INR 223 crores, up by 116% year-on-year. This performance indicates a significant acceleration in business, with the company effectively doubling its operations.
Half-Yearly Results and Growth Drivers
For the first half of FY27, Fujiyama Power Systems generated revenue of INR 2,652 crores, a 127% increase over the previous year. EBITDA for the half-year was INR 478 crores, up by 128%. The company attributes this growth to higher sales volumes, supported by its pan-India network and a strategy of passing cost benefits to customers through competitive pricing.
Capacity Expansion and Strategic Focus
The company is actively expanding its manufacturing capacities. Key initiatives include the commissioning of a 2 GW power electronics facility at Ratlam, an upsizing of its lithium-ion battery facility to 3 GWh, and the establishment of a new 1 GW tubular battery plant. Furthermore, a 1.2 GW TOPCon solar cell plant is on track for Q1 FY28, which will boost its cell capacity to 2.2 GW. These expansions are aimed at reducing reliance on external suppliers and enhancing efficiency, particularly in the context of upcoming domestic cell mandates.
Addressing Margins and Inventory
While EBITDA margins saw a slight moderation to 17.1% in Q2 FY27 from 18.1% in Q2 FY26, this was influenced by increased overheads from the new Ratlam facility and expansion in sales and distribution. The company emphasized that its half-yearly EBITDA margin remained stable at 18%. Inventory levels rose to INR 1,230 crores, reflecting strategic positioning for the second half of the year and the domestic cell transition, with inventory days falling to 99 days.
Outlook and Market Position
Fujiyama Power Systems highlighted its strong brand equity, dual-brand strategy, and expanding distribution network as key competitive advantages. The company remains confident in achieving its growth targets, supported by its integrated business model and strategic investments in expanding capacity and market reach, particularly in Tier 2 and Tier 3 cities.
Source: BSE
