Fujiyama Power Systems share price climbs up to 5% as profit rises 97% to ₹63 crore, revenue surges 73%

The stock jumped as much as 5% to ₹209.99 per unit on the National Stock Exchange (NSE). At 9:45 am, it was trading 2.29% higher at ₹204.5.

The company reported a 97.4% surge in its profit after tax to ₹62.9 crore in the September quarter of FY26, compared to ₹31.9 crore in the corresponding period of the previous fiscal year.

Its revenue from operations advanced 72.6% to ₹567.9 crore in Q2 FY26 as against ₹329.1 crore in the year-ago period.

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹103 crore in the quarter under review, up 105.7% year-on-year (YoY). The EBITDA margin was at 18.1% vs 15.2% a year back.

In an exchange filing, the company said that it has planned a capacity expansion of a 1 GW DCR solar cell facility at Dadri for Q3 FY26. The 2 GW Ratlam fully integrated solar power generating system (SPGS) manufacturing unit advanced as planned, with commissioning targeted for Q4 FY26.

The business-to-consumer (B2C) contribution expanded 91.7% in the first half of FY26, due to continued expansion of the retail network.

Pawan Kumar Garg, the company's Chairman and Joint Managing Director, said, "With India’s renewable-energy transition gaining momentum and rooftop adoption rising meaningfully across Tier-2 and Tier-3 cities, we remain well placed to serve a growing share of the residential and distributed-solar market through our integrated and high-quality product ecosystem."

"On the product mix, solar panels accounted for 45.4% of total revenue in H1 FY26, compared to 36.5% in H1 FY25. A large part of this growth has been driven by the off-grid category, highlighting our strong positioning in power-backup led rooftop solar. Our B2C business contributed 91.7% to revenue in H1 FY26, compared to 90.3% last year, reflecting the deepening retail franchise and the effectiveness of our customer engagement initiatives," he added.