
Fujiyama Power Posts 5% Upper Circuit Limit Following Q4 2026 Earnings Release

Fujiyama Power Systems
IPOFujiyama Power Shares Surge 5% as Q4FY26 Results Show Strong Growth
On Friday, 15 May, Fujiyama Power Systems shares opened at ₹286.60 against their previous close of ₹273.10 on the BSE, hitting their 5% upper price band of ₹286.75 during the session. This surge in the share price can be attributed to the company's strong year-on-year (YoY) jump in profit after tax (PAT) and EBITDA for Q4FY26.
Fujiyama Power's Q4FY26 results show a significant improvement in profitability, with PAT jumping 107.5% YoY to ₹106.3 crore, and PAT margin rising by 110 basis points to 11.8% from 10.7% YoY. The company's EBITDA during the quarter saw a solid jump of 116.9% YoY to ₹171.5 crore, while EBITDA margin jumped to 19% from 16.5% YoY. Fujiyama Power's revenue from operations jumped 87.5% YoY to ₹900.8 crore.
| Financial Metric | Q4FY26 | Q4FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹900.8 crore | ₹479.8 crore | 87.5% |
| EBITDA | ₹171.5 crore | ₹78.5 crore | 116.9% |
| PAT | ₹106.3 crore | ₹50.7 crore | 107.5% |
For the full year, revenue from operations grew 72.3% YoY to ₹2,654.5 crore, EBITDA jumped 97.3% YoY to ₹490.3 crore, while margins improved to 18.5% compared to 16.1% last year.
The company's strong performance can be attributed to the benefits of higher operating scale, improved utilisation across manufacturing facilities, and the increasing contribution of backwards-integrated operations. Fujiyama Power added over 80 distributors, 450 dealers, and 30 exclusive shoppes in Q4FY26, taking its total channel partner base to more than 8,900 as of March 2026.
Fujiyama Power's Chairman and Joint Managing Director, Pawan Kumar Garg, said, "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."
With a current market capitalisation of ₹8,680 crore, Fujiyama Power shares have risen 26% year to date, compared with an 11% decline in the benchmark Sensex. The small-cap stock hit a 52-week low of ₹170.55 on 2 March this year, followed by a 52-week high of ₹313 on 29 April.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Investor Takeaway
Investors should consider Fujiyama Power Systems for its strong Q4FY26 results, with a 107.5% YoY jump in PAT and 116.9% YoY jump in EBITDA.
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