New Delhi: Fujiyama Power Systems Limited (“Fujiyama” or the “Company”) (BSE: 544613 | NSE: UTLSOLAR), one of India’s leading providers of rooftop solar solutions, has announced its unaudited financial results for the quarter ended 31st December 2025. It offers an extensive portfolio of over 500 SKUs across solar panels, inverters, lithium and tubular batteries, chargers and power-electronics systems,
Q3 and 9M FY26 Financial Performance:
| Rs. Mn | Q3
FY26 |
Q3
FY25 |
Y-o-Y | Q2
FY26 |
Q-o-Q | 9M
FY26 |
9M
FY25 |
Y-o-Y |
| Revenue from Operations | 5,885 | 3,386 | 73.8% | 5,679 | 3.6% | 17,537 | 10,603 | 65.4% |
| EBITDA | 1,099 | 523 | 110.1% | 1,030 | 6.7% | 3,188 | 1,695 | 88.1% |
| EBITDA Margin% | 18.7% | 15.5% | 18.1% | 18.2% | 16.0% | |||
| PAT | 673 | 300 | 124.3% | 629 | 7.0% | 1,978 | 1,051 | 88.2% |
| PAT Margin% | 11.4% | 8.9% | 11.1% | 11.3% | 9.9% | |||
| EPS | 2.37 | 1.07 | 2.25 | 6.96 | 3.75 |
Business Highlights:
- Commissioned a 1 GW solar cell manufacturing facility at Dadri, Uttar Pradesh with an investment of around Rs. 300 crore
- Added over 60 distributors, 400 dealers and 20 exclusive Shoppes in Q3 FY2026
- 2 GW Ratlam fully integrated SPGS (Solar Power Generating System) manufacturing facility advanced as planned, with commissioning targeted for Q4 FY26
Pawan Kumar Garg, Chairman and Joint Managing Director, said: “Following the successful listing and the steady progress made over the last quarter, Fujiyama continues to move ahead on its planned growth trajectory supported by improving scale, expanding manufacturing integration and a strengthening nationwide presence. The demand environment for rooftop solar solutions remains favourable, driven by rising residential adoption, government support for domestic manufacturing and the growing need for reliable power-backup solutions across Tier-2 and Tier-3 cities.
During Q3 FY2026, Revenue from Operations was Rs. 5,885 million, registering a YoY growth of 73.8%. EBITDA for the quarter more than doubled, with margins expanding to 18.7%. For the nine-month period, Revenue from Operations reached Rs. 17,537 million, reflecting a 65.4% YoY increase, while EBITDA increased to Rs. 3,188 million, up 88.1% year-on-year, with margins improving to 18.2% compared to 16.0% in the previous year. This performance reflects the benefits of higher operating scale and a deeper backward integration.
