Fujiyama Power Systems Q4 FY2026 financial and operational performance.
Fujiyama Power Systems Limited, one of India’s leading providers of rooftop solar solutions, has announced its audited annual financial results and limited-reviewed quarterly financial results for the year ended 31st March 2026.
Financial Performance: Q4 and FY26
Q4 FY26 Revenue from Operations at INR 9,008 million as compared to INR 4,803 million in the same period last year; up 87.5% Y-o-Y.
For the full year, Revenue from Operations reached INR 26,545 million, registering a growth of 72.3% over the previous year.
Q4 FY26 EBITDA at INR 1,715 million as compared to INR 790 million last year; up 116.9% Y-o-Y with a margin of 19 percent.
Q4 FY26 Profit After Tax at INR 1,063 million as compared to INR 512 million in the same period last year; up 107.5% Y-o-Y with a margin of 11.8 percent.
Total Channel Partners as of 31st March 2026 8,900+
Key Business Highlights
Added over 80 distributors, 450 dealers, and 30 exclusive Shoppes in Q4 FY2026
Setting up a 1,200 MW TOPCon solar cell manufacturing facility at Ratlam, Madhya Pradesh, India, with an investment of around INR 350 crore
Commissioned 2,000 MW solar panel manufacturing capacity at Ratlam, Madhya Pradesh, India.
Leadership View
Commenting on the performance, Pawan Kumar Garg, Chairman and Joint Managing Director, said –
Following the successful completion of our IPO, FY2026 marks our first full year of financial reporting post becoming a listed company and an important step forward in our growth journey.
During the year, we continued to scale operations, strengthen integration across the rooftop solar value chain, and expand our reach across key markets.
The demand environment for residential rooftop solar and power-backup solutions remained supportive, driven by increasing adoption across Tier-2 and Tier-3 cities, favourable government policies, and rising consumer preference.
Looking ahead, the outlook for residential solar solutions remains favourable, supported by policy continuity, increasing awareness, and rising demand for reliable power solutions.
As we move forward, our focus will remain on expanding capacity, strengthening backward integration, improving operating efficiencies, and further expanding our distribution reach.
We remain committed to delivering high-quality and dependable solar solutions while continuing to create long-term value for all stakeholders.
Company Overview & Others
Overview: Fujiyama Power Systems is one of India’s leading providers of rooftop solar solutions, offering an extensive portfolio across solar panels, inverters, lithium and tubular batteries, chargers, and power-electronics systems. The Company planned an IPO in November 2025.
Market Cap: Fujiyama Power Systems has a total market capitalization of ₹8,700 crore as of May 15, 2026, according to the NSE data.
Technical: The stock is currently trading above its 20-day and 50-day simple moving averages (SMAs).
Price Performance: On a year-to-date basis, Fujiyama Power’s share increased by 27% and by 34% over the last three-month period. However, the company’s shares have been trading 18% higher over the last month.
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