Fujiyama Power Systems Limited faces a critical Q1 FY27 results print as it navigates the operational impact of the Bawal facility fire alongside the aggressive ramp-up of its new Ratlam manufacturing capacity. Investors will be looking for the first concrete data points on the company's 50% annual revenue growth target and the margin trajectory as backward integration from the Dadri cell plant begins to scale.
| Results date | August 13, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 900.8 Cr |
| Previous quarter PAT | Rs. 106.3 Cr |
| Previous quarter EBITDA margin | 19.0% |
| Net debt (latest quarter) | Rs. 322.0 Cr |
| Market cap | Rs. 11,887.86 Cr |
| CMP | Rs. 387.35 |
The board meeting is scheduled for August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026.
The earnings conference call is scheduled for August 14, 2026, at 4:00 PM IST. Access is available via dial-in at +91-22-6280 1149 or 7115 8050.
The company's revenue trajectory for Q1 remains a primary focus, testing the feasibility of the 50% growth target for FY27 against the backdrop of 11,891 MW of new solar capacity additions across India in the quarter. Margin performance will likely reflect divergent pressures, as the Dadri 1 GW Mono PERC cell plant provides a tailwind through increased in-house value addition, while the Bawal facility suspension and elevated lithium carbonate costs act as headwinds. Management's ability to maintain the 19.0% EBITDA margin achieved in Q4 FY26 will depend on the successful absorption of these input cost dynamics and the operational efficiency of the newly commissioned Ratlam panel line. The upcoming call will likely address the phasing of capacity utilisation and the financial impact of the Bawal fire restoration efforts.
Performance vs Guidance Tracking: Monitoring the first quarter of FY27 against management's stated annual targets.
Bawal Facility Fire Impact: Assessing the financial and operational consequences of the May 2026 incident.
Dadri Cell Plant and Margin Drivers: Evaluating the impact of backward integration on cost structures.
Regulatory and Legal Risks: Tracking the status of ongoing compliance and regulatory matters.
Working Capital and Capex Phasing: Monitoring the company's liquidity and investment schedule.
The fire on May 6, 2026, resulted in estimated asset damage of Rs. 157.63 crore. Operations at the facility are currently suspended, with the company relying on third-party arrangements for lead-acid batteries.
Management is focusing on backward integration, including the 1 GW Dadri cell plant, to reduce reliance on imported components. These efforts, combined with economies of scale from the new Ratlam facility, are intended to support margin expansion.
The company received a notice from the Noida Customs Commissionerate regarding a differential duty of Rs. 13.97 crore. Fujiyama intends to appeal the claim and has already made a provision in its financial books.