Fujiyama Power Systems Limited (formerly Fujiyama Power Systems Private Limited) has announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a significant 130.1% year-on-year growth in revenue from operations for Q2 FY27, reaching ₹13,068 million. EBITDA also saw a substantial increase of 116.4% to ₹2,229 million. The presentation details strategic initiatives, manufacturing expansion, and market positioning.
Strong Financial Performance in Q2 FY27
Fujiyama Power Systems Limited has posted robust financial results for the second quarter of Fiscal Year 2027 (Q2 FY27), ending September 30, 2026. Revenue from operations surged by 130.1% year-on-year to ₹13,068 million, compared to ₹5,679 million in Q2 FY26. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also demonstrated strong growth, increasing by 116.4% to ₹2,229 million in Q2 FY27 from ₹1,030 million in the same period last year. The EBITDA margin stood at 17.1%.
Half-Yearly Financial Highlights
For the first half of FY27 (H1 FY27), Fujiyama Power Systems recorded total revenue of ₹26,525 million, marking a 127.6% increase compared to H1 FY26. EBITDA for H1 FY27 reached ₹4,777 million, up 128.7% year-on-year, with a margin of 18.0%. Profit After Tax (PAT) for H1 FY27 was ₹1,907 million (normalized), showing a 46.1% growth.
Strategic Expansion and Market Positioning
The company highlighted its progress in manufacturing expansion and backward integration initiatives. Fujiyama Power Systems is strengthening its integrated manufacturing platform across solar panels, power electronics, and batteries. The demand for residential rooftop solar and power backup solutions remains favorable, supported by government initiatives and increasing consumer awareness. The company has commissioned a 2 GW power electronics manufacturing facility at Ratlam and is progressing with its lithium-ion battery manufacturing facility. Further expansion includes a 1.2 GW TOPCon solar cell manufacturing facility at Ratlam, expected by Q1 FY2028.
Operational Scale and Reach
Fujiyama Power Systems operates an integrated business model across the solar value chain, offering comprehensive residential solar solutions and a diversified product portfolio. The company has a strong B2C focus with extensive retail reach in Tier 2 and Tier 3 cities. Its distribution network comprises over 10,200 channel partners, enabling it to reach customers across a wide range of markets. The company is also emphasizing backward integration with solar cell manufacturing initiatives to enhance value capture and improve supply security.
Source: BSE
