Fujiyama Power Systems shares hit their 5% upper circuit limit on the BSE on Friday, 15 May, opening at ₹286.60 against the previous close of ₹273.10 and touching the day's high of ₹286.75. According to reports from Mint, the strong performance came a day after the company announced its March quarter (Q4FY26) results, which showed exceptional year-on-year growth across key financial metrics.
The company delivered impressive Q4FY26 results with PAT jumping 107.5% YoY to ₹106.3 crore, while PAT margin expanded by 110 basis points to 11.8% from 10.7% in the previous year. As reported by Mint, EBITDA surged 116.9% YoY to ₹171.5 crore, with EBITDA margin improving to 19% from 16.5% year-on-year. Revenue from operations jumped 87.5% YoY to ₹900.8 crore during the quarter.
For the complete financial year, Fujiyama Power demonstrated consistent growth momentum with revenue from operations growing 72.3% YoY to ₹2,654.5 crore. According to the company's results, EBITDA jumped 97.3% YoY to ₹490.3 crore, while margins improved to 18.5% compared to 16.1% in the previous year. The company's market capitalisation stands at ₹8,680 crore.
The company significantly expanded its distribution footprint during Q4FY26, adding over 80 distributors, 450 dealers and 30 exclusive showrooms. As reported by Mint, this expansion brought the total channel partner base to more than 8,900 as of March 2026. Chairman and Joint Managing Director Pawan Kumar Garg attributed the profitability improvement to higher operating scale, improved manufacturing utilisation, and increasing contribution from backwards-integrated operations.
According to Mint reports, Fujiyama Power shares have risen 26% year to date, significantly outperforming the 11% decline in the benchmark Sensex. The stock hit a 52-week low of ₹170.55 on 2 March and reached a 52-week high of ₹313 on 29 April. The company's strong performance reflects the positive outlook for residential solar solutions, supported by policy continuity and increasing demand for reliable power solutions.
