Fujiyama Power Systems Limited's board met on August 13, 2026 to approve the company's Q1 FY27 financial results and make key appointments. The board approved the Q1 FY27 financial results and re-appointed the Internal Auditor, Cost Auditor, and Secretarial Auditor for multi-year terms. The filing contains detailed results and auditor reports, providing comprehensive oversight of the company's quarterly performance.
Fujiyama Power Systems reported a 14.5% decline in standalone net profit to ₹57.8 crore in the quarter ended June 2026, compared to ₹67.59 crore in the corresponding quarter of the previous year. However, the company's revenue from operations surged 125.3% year-on-year and 49.4% quarter-on-quarter to ₹1,345.7 crore, according to the latest exchange filing. The stock witnessed strong buying interest on Friday, jumping 5% to a record high of ₹431.25 on the BSE, surpassing its previous high of ₹424.30 touched on August 10, 2026. As per Business Standard, the stock has zoomed 153% from its 52-week low of ₹170.65 touched on March 3, 2026, and has outperformed the market by surging 90% in calendar year 2026 compared to BSE Sensex's 8.4% rise.
The company's EBITDA for Q1 FY27 saw a solid 140.6% YoY and 48.6% QoQ jump to ₹254.8 crore, while EBITDA margin came at 18.9% for Q1 FY27 compared to 17.7% YoY and 19% QoQ. The company reported a one-time exceptional item of ₹107.4 crore relating to the provision for the Bawal fire loss. PBDT (Profit Before Depreciation and Tax) surged 154% to ₹246.26 crore compared to ₹96.95 crore in Q1 FY26, while PBT (Profit Before Tax) increased 146% to ₹221.24 crore from ₹89.94 crore in the corresponding quarter of the previous financial year.
UTL Solar is strategically strengthening its presence across Assam, Karnataka, Telangana, and West Bengal, which collectively account for 138GW of rooftop solar potential (22% of India's total) but currently contribute only 6% of households covered under the PMSGMBY scheme. The company remains focused on expanding its reach, increasing manufacturing capacity and building greater integration across the solar value chain. According to Motilal Oswal Financial Services, the implementation of the Approved List of Models and Manufacturers (ALMM) List-II has intensified India's structural shortage of domestically manufactured solar cells, with approved cell capacity (30GW) significantly lagging module capacity (174GW). The brokerage expects UTL Solar to clock a compound annual growth rate (CAGR) of 49%/53%/53% in revenue/EBITDA/adj PAT during FY26-28 and reiterated a 'BUY' rating with a target price of ₹470 based on 20x FY28E EPS.
