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Earnings Call

Fujiyama Power Systems Earnings Call: Key Takeaways

Fujiyama Power Systems (UTL Solar) reported strong FY26 performance with Revenue at ₹26,545 Mn, up 72% YoY. Focus is on backward integration into solar cell manufacturing (TOPCon) to capture on-grid residential demand.

Why this was an Alfa AlertNot a filter event. While growth is strong, management did not provide prior specific numerical guidance ranges to verify a material beat.
Highlights
Revenue growth72.3% YoY for FY26; Q4 grew 87.5% YoY.
MarginsEBITDA margins improved from 16.1% to 18.5% in FY26.
Demand visibilityStrong visibility from PM Surya Ghar Muft Bijli Yojana subsidy program.
Management confidenceHigh; citing supportive policy environment and increasing consumer adoption.

Growth

FY26 Revenue grew 72.3% YoY; EBITDA surged 97.3% to ₹4,903 Mn; PAT jumped 94.5% to ₹3,041 Mn.

Outlook

Commissioning 1.2 GW TOPCon solar cell plant at Ratlam; targeting 4,180 MW inverter and 2,545 MWh battery capacity.

Risks

Geopolitical issues impacting supply timelines; delays in commissioning Ratlam power electronics and battery capacities.

Source

Earnings Call filed with NSE, NSE: UTLSOLAR. Summary written with AI assistance from the document.

Read the document ↗

Fujiyama Power Systems Ltd: key numbers

Share price
₹422.10
Market cap
₹12,954 Cr
Revenue (annual)
₹2,655 Cr
Net profit (annual)
₹304.1 Cr
P/E (TTM)
44.0×Sector 45.9×
Promoter holding
86.63%-0.14% QoQ
FII holding
1.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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