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Investor Presentation

Fujiyama Power Systems Investor Presentation: Key Takeaways

Fujiyama (UTL Solar) delivered explosive Q1 FY27 results with revenue up 125% YoY. Management is aggressively pursuing backward integration into solar cells and components to capture demand from the PM Surya Ghar scheme.

Highlights
Revenue growth125.3% YoY; 49.4% QoQ
MarginsEBITDA margin improved to 18.9% from 17.7% YoY
Demand visibilityStrong residential rooftop solar demand in Tier 2/3 cities
Management confidenceHigh; cited positive start and manufacturing progress

Growth

Revenue grew 125.3% YoY to ₹13,457 Mn. Normalized PAT surged 144.5% YoY to ₹1,652 Mn.

Outlook

Commissioning 1.2 GW solar cell plant and 2,000 MWh Li-ion battery capacity by Q2 FY27 to deepen integration.

Risks

Significant ₹1,436 Mn exceptional loss due to fire at Bawal plant; continued dependence on solar policy stability.

Last quarter's promises, checked

Delivered

  • Guided 50% revenue growth → delivered 125.3% (= BEAT)
  • Commission 2,000 MW panel facility → delivered August 2026 (= BEAT)
  • Expand distribution network → added 80+ distributors and 1,000+ dealers (= BEAT)

Partly delivered

  • PAT margin guidance 11-13% → delivered 12.3% normalized but net loss due to fire (= PARTIAL)
Source

Investor Presentation filed with BSE, 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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