| Revenue growth | Q2 revenue ₹1,307 Cr, +130% YoY; H1 ₹2,652 Cr, +127%. |
|---|---|
| Margins | Q2 EBITDA margin 17.1% vs 18.1% YoY; mgmt calls headwinds temporary. |
| Demand visibility | Subsidy-linked; PM Surya Ghar 2.0 unclear; over 50% revenue subsidy-linked. |
| Management confidence | Balanced-to-defensive: declined revenue guidance, skipped H2 question, cites uncertainty. |
Growth
Q2 revenue rose 130% to ₹1,307 Cr and EBITDA 116% to ₹223 Cr, so margin compressed about 100 bps. Growth is volume-led; no price split was disclosed.
Outlook
No guidance given; 1.2 GW TOPCon cells on track for Q1 FY28; Li-ion capacity to 3.5 GWh next quarter.
Risks
Inventory ₹1,230 Cr (up from ₹910 Cr); subsidy-policy and DCR cell-shortage uncertainty; ₹143 Cr pre-tax fire loss pending insurance.
Earnings Call Transcript filed with NSE, NSE: UTLSOLAR. Summary written with AI assistance from the document.
Fujiyama Power Systems Ltd: key numbers
- Share price
- ₹356.65
- Market cap
- ₹10,960 Cr
- Revenue (annual)
- ₹2,655 Cr
- Net profit (annual)
- ₹304.1 Cr
- P/E (TTM)
- 30.1×Sector 43.9×
- Promoter holding
- 86.63%+0.00% QoQ
- FII holding
- 1.14%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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