UTLSOLAR Fujiyama Power Systems Q3 FY26 results (Oct–Dec 2025) and concall
UTLSOLAR reported a strong Q3 FY26, with revenue growing 73.8% year-on-year to ₹588.5 crores and EBITDA more than doubling to ₹109.9 crores, driven by scaling benefits and increased in-house manufacturing. The company successfully commissioned a 1 GW solar cell manufacturing plant at Dadri, enhancing backward integration and total solar panel capacity to 1.6 GW. Management expressed confidence in continued growth, targeting at least 1 GW each for solar panels, inverters, and batteries in FY27, while actively expanding its distribution network and focusing on operational efficiency.
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What they filed
Q3 FY26: revenue up 73.5%, net profit up 123.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 329 | 339 | 480 | 597 | 568 +73% | 588 +73% |
| EBITDA | 50 | 52 | 79 | 106 | 103 +106% | 110 +112% |
| Net profit | 32 | 30 | 51 | 68 | 63 +97% | 67 +123% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
