Fujiyama Power Systems Limited has announced robust unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing exceptional growth across all key performance metrics. The Board of Directors approved these results during their meeting held on January 31, 2026, demonstrating the company's strong operational momentum.

Outstanding Q3FY26 Financial Performance

The company delivered remarkable performance in Q3FY26, with substantial improvements across all major financial parameters:

Nine-Month Period Performance Excellence

The nine-month period performance demonstrates sustained growth trajectory across all key metrics:

Board Meeting Outcomes and Regulatory Compliance

The Board of Directors meeting held on January 31, 2026, from 5:00 PM to 5:45 PM (IST) addressed multiple critical agenda items:

Operational and Financial Structure

The company's operational metrics reflect strong business fundamentals with significant cost management improvements:

Regulatory Disclosure and Publication

Pursuant to Regulation 30 and 47 of SEBI Listing Regulations, the company published its Q3FY26 unaudited financial results in newspapers on February 1, 2026. Company Secretary Mayuri Gupta executed the regulatory filing ensuring timely disclosure to stock exchanges.

Corporate Governance and Compliance Framework

Fujiyama Power Systems maintains strict regulatory compliance under SEBI Listing Regulations. The financial results underwent limited review by S N Dhawan & CO LLP, Chartered Accountants, confirming compliance with Indian Accounting Standards.

The company operates primarily in solar power generating systems production and sales, with operations predominantly in India. The results are available on the company website at www.utlsolarfujiyama.com for stakeholder access.

Source: Company Filing

Fujiyama Power Systems Limited announced the commissioning of its 1 GW solar cell manufacturing plant at Dadri, Uttar Pradesh on January 21, 2026. The facility represents a significant milestone in the company's backward integration strategy, with a total investment of Rs. 300.00 crores funded through a combination of internal accruals and debt.

Plant Inauguration and Strategic Significance

The Dadri solar cell plant was inaugurated by Mr. Santosh Kumar Sarangi, Secretary of the Ministry of New and Renewable Energy (MNRE), and Mr. Rajesh Kulhari, Joint Secretary of MNRE. The facility has been strategically aligned with Fujiyama's existing manufacturing footprint at the same location.

Manufacturing Integration and Competitive Advantages

The newly commissioned facility strengthens Fujiyama's manufacturing integration across the solar value chain. The company currently operates with a total 1.60 GW of solar panel manufacturing capacity, of which 1.20 GW is located at Dadri. The entire 1 GW solar cell capacity will be utilized for captive consumption, supporting the company's solar panel operations.

By establishing in-house solar cell manufacturing, Fujiyama is achieving several strategic objectives:

• Strengthening supply-chain security
• Reducing dependence on imported solar cells
• Improving cost control across operations
• Enhancing competitive advantage in solar cell to rooftop solar consumer strategy
• Enabling access to government subsidy-based consumer demand through DCR compliance

Project Execution Excellence

The manufacturing facility demonstrates exceptional project execution capabilities. The project was completed within six months, significantly faster than timelines typically seen for similar projects in the industry. Additionally, the execution achieved cost savings from the originally budgeted amount.

Leadership Commentary

Chairman and Joint Managing Director Pawan Kumar Garg commented on the commissioning: "The commissioning of our solar cell manufacturing facility at Dadri represents a significant step in strengthening Fujiyama's manufacturing integration. By bringing solar cell production in-house, we are improving visibility and control across the value chain, reducing reliance on imported cells and improving supply reliability for our solar panel operations."

He further emphasized the strategic benefits: "As our business is primarily focused on the domestic market with negligible export exposure, this integrated facility also insulates us from global trade uncertainties and tariff-related disruptions. This facility supports our objective of building Indian manufacturing capabilities and positions Fujiyama to profitably capitalize on end-to-end solar solutions as it continues to scale across India."

Manufacturing Footprint Overview

Fujiyama operates manufacturing facilities across multiple locations in India, with the Dadri facility now housing both solar panel and solar cell manufacturing capabilities. The company's comprehensive manufacturing portfolio spans solar panels, inverters, lithium and tubular batteries, chargers, and power-electronics systems across over 500 SKUs.

The commissioning of the 1 GW solar cell manufacturing plant at Dadri reinforces Fujiyama's position as a leading provider of rooftop solar solutions in India, with enhanced manufacturing integration supporting the company's growth strategy in the domestic solar market.

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