Fujiyama Power Systems Q2 FY27 Results: Consolidated Net Profit ₹27.54 Crore on Total Income of ₹1,309 Crore

Fujiyama Power Systems (NSE: UTLSOLAR) reported consolidated total income of ₹1,308.82 crore and net profit of ₹27.54 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹1,308.89 crore, with the same net profit.

Key highlights

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Revenue from operations fell 2.9% YoY to ₹1,306.82 crore, a steeper fall in other income of 11.9% did not drive the decline. Other income of ₹2.07 crore is 0.2% of total income, so the quarter's total income rests almost entirely on operating revenue.

Profit before tax of ₹46.76 crore, less tax of ₹17.29 crore, gives ₹29.47 crore, while the reported net profit is ₹27.54 crore. The gap of ₹1.93 crore is not explained in the text read. Tax of ₹17.29 crore is 37.0% of profit before tax.

The filing says a fire on 06 May 2026 at the Bawal plant caused a net carrying value loss of ₹143.58 crore, shown as an exceptional item. Management expects to recover the loss in due course, but recovery has not been ascertained or recognised while the insurance assessment is in progress.

The consolidated results are prepared for the first time. They include Zayo Cables Private Limited and Zayo Energy Private Limited as associates from 25 Apr 2026, each held at 31%. The comparative figures are standalone figures of the holding company, so the year-ago comparison is not like for like.

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone total income of ₹1,308.89 crore is ₹0.07 crore higher than consolidated total income, and net profit is the same at ₹27.54 crore. Standalone EPS of ₹4.33 is ₹0.02 above the consolidated figure of ₹4.31.

The standalone figures carry the same ₹143.58 crore fire exceptional item and the same ₹1.93 crore gap between profit before tax less tax and net profit. Other income of ₹2.07 crore is 4.4% of profit before tax of ₹46.76 crore.

Inference

The filing states that the holding company acquired 31% stakes in two associates and subscribed 833 compulsorily convertible debentures of an associate at ₹60,093 per CCD on 9 Sep 2026. The company granted 400,000 shares under ESOP Scheme 2023 with graded vesting over 1 to 4 years.

The company and its two Joint Managing Directors paid a fine of ₹0.3 million each under the BIS Act, 2016 on 14 Oct 2026. Seized products of ₹24.50 million at Greater Noida are expected to be released after payment. Whether the Bawal plant is operating after the fire, when the insurance recovery will be received and the reason for the EPS gap between standalone and consolidated figures are not stated in the filing.