Fujiyama Power Systems, a leading provider of rooftop solar solutions in India, has reported significant financial growth for the fourth quarter and the full fiscal year 2026. The company achieved a revenue from operations of ₹9,008 million in Q4 FY26, reflecting an 87.5% increase compared to the same period last year. This growth is attributed to the expanding demand for residential rooftop solar and power-backup solutions across Tier-2 and Tier-3 cities, supported by favourable government policies.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for Q4 FY26 reached ₹1,715 million, marking a 116.9% year-on-year increase, with a margin of 19.0%. The profit after tax (PAT) stood at ₹1,063 million, up 107.5% from the previous year, with a margin of 11.8%.
For the full fiscal year 2026, Fujiyama Power Systems reported a revenue from operations of ₹26,545 million, a 72.3% increase from FY25. The EBITDA for the year was ₹4,903 million, up 97.3% year-on-year, with an improved margin of 18.5% compared to 16.1% in the previous year. The company’s PAT for FY26 was ₹3,041 million, reflecting a 94.5% increase from the prior year.
The company has also expanded its distribution network, adding over 80 distributors, 450 dealers, and 30 exclusive Shoppes in Q4 FY26, bringing the total number of channel partners to more than 8,900 as of March 2026. This expansion is aimed at enhancing market access and improving customer service.
On the manufacturing front, Fujiyama Power Systems has commissioned a 2,000 MW solar panel manufacturing capacity at Ratlam, Madhya Pradesh, and is setting up a 1,200 MW TOPCon solar cell manufacturing facility at the same location with an investment of around ₹350 crore. These developments are expected to bolster the company’s capabilities in the on-grid segment and support its participation in government initiatives like the PM Surya Ghar Muft Bijli Yojana.
Looking ahead, the company remains optimistic about the demand for residential solar solutions, driven by policy continuity and increasing awareness. Fujiyama Power Systems plans to focus on expanding capacity, strengthening backward integration, and improving operational efficiencies to continue delivering high-quality solar solutions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).