Fujiyama Power Systems Q2 Revenue Surges 130%

Fujiyama Power Systems Limited is scaling up its manufacturing capabilities following a robust financial performance in Q2 FY27, where revenue from operations surged 130.1% year-on-year (YoY) to ₹1,306.80 crore ($137.49 million) and EBITDA jumped 116.4% to ₹222.90 crore ($23.45 million). This top-line momentum was propelled by strong sales volumes and aggressive distribution expansion—adding over 30 distributors and 100 dealers during the quarter to bring its total channel partner network past 10,200 as of September 30, 2026. Demand continues to be anchored by government clean-energy initiatives and accelerating residential adoption of rooftop solar and power backup solutions, particularly across Tier 2 and Tier 3 cities. To strengthen backward integration and reduce import dependence, Fujiyama is executing a major industrial expansion anchored at its Ratlam manufacturing hub. Having already commissioned a new 2 GW power electronics facility at Ratlam, the company plans to bring a 3 GWh lithium-ion battery plant online next quarter and commission a 1.2 GW TOPCon solar cell facility by Q1 FY28 to supplement its existing 1 GW capacity. Aligned with rising residential rooftop installations under the PM Surya Ghar: Muft Bijli Yojana, these investments solidify Fujiyama’s integrated platform spanning solar panels, batteries, and power electronics. Although Q2 EBITDA margins moderated to 17.1% due to initial Ratlam facility overheads, management remains focused on scaling capacity and deepening its distribution reach. WAAREEENER