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Earnings Call Transcript

Fujiyama Power Systems Earnings Call Transcript: Key Takeaways

Fujiyama Power delivered an exceptional quarter with 125% revenue growth, driven by distribution network expansion and aggressive rooftop solar adoption under the PM Surya Ghar scheme.

Why this was an Alfa AlertRevenue guidance raised from 50.0% to 70.0% (+20pp).
Guidance and delivery
Revenue guidance 50.0% → 70.0% Raised by 20.0 percentage points
Management target Revenue 70.0% FY27
Highlights
Revenue growthRobust 125.3% YoY revenue growth driven by distribution expansion.
MarginsEBITDA margin expanded to 18.9% due to backward integration.
Demand visibilityStrong visibility from PM Surya Ghar rooftop solar government scheme.
Management confidenceHigh; explicitly raised annual guidance despite a major fire incident.

Growth

Revenue grew 125% YoY; EBITDA increased 140% YoY. Growth is primarily volume-led via massive dealer expansion.

Outlook

Management raised full-year revenue growth guidance from 50% to 70% for FY27, targeting ₹5,000 Cr revenue.

Risks

A major fire incident at the Bawal facility caused a ₹143.6 Cr provisional loss, though insured.

Last quarter's promises, checked

Delivered

  • Revenue growth 50% → delivered 125% (= BEAT)
  • Commission 2GW Ratlam module facility → delivered 2GW commissioned (= BEAT)
  • PAT margin 11%-13% → delivered 11.8% (= BEAT)

Partly delivered

  • Ratlam inverter/battery lines Q1/Q2 FY27 → machinery received/orders placed (= PARTIAL)

Missed

  • Inventory days to reduce → delivered increased from 71 to 83 days (= MISS)
Source

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

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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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