Fujiyama Power Systems Limited — PPTs, 15-05-2026: Investor Presentation

**Business Performance:** Fujiyama Power Systems reported robust growth in FY26, with revenue from operations reaching Rs. 26,545 million, up 72.3% YoY. EBITDA also surged 97.3% YoY to Rs. 4,903 million, driven by increased scale and improved manufacturing utilization.

**Growth Drivers or Strategy:** The company is strategically integrating backward into solar cell manufacturing to capitalize on the growing demand for DCR-compliant products under government initiatives like PM Surya Ghar. This move aims to enhance supply reliability and cost control.

**Recent Developments:** Fujiyama has commissioned its 1 GW MonoPERC solar cell facility and announced plans for a 1.2 GW TopCon solar cell capacity to boost product competitiveness.

**Key Financial Metrics:** FY26 Revenue from Operations: Rs. 26,545 million (+72.3% YoY). FY26 EBITDA: Rs. 4,903 million (+97.3% YoY), with margins improving to 18.5%.

**Management Commentary / Outlook:** Management expresses confidence in the favourable outlook for residential solar solutions, supported by policy continuity and rising demand. The focus remains on capacity expansion, backward integration, operational efficiency, and distribution network growth.