Recently listed Fujiyama Power posts 97% profit surge in Q2, revenue up 72%

Fujiyama Power Systems Ltd reported a strong performance for the September quarter, with net profit rising 97.2% year-on-year to ₹62.9 crore, compared with ₹31.9 crore a year earlier.

Revenue grew 72.6%

YoY to ₹567.9 crore, supported by healthy demand across its power systems portfolio.

Operating performance strengthened sharply as well, with EBITDA rising to ₹103 crore from ₹50.1 crore last year, and EBITDA margin improving to 18.1% from 15.2% in the same period.

Ahead of the results, the stock closed at ₹201, down 1.6% on the NSE.

The company’s market debut earlier in November was subdued, with the stock listing at a 4% discount to its IPO price of ₹228 and slipping below expectations of a flat opening.

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The shares listed at ₹218.40 on the BSE and ₹220 on the NSE.

Fujiyama’s ₹828-crore IPO was subscribed a little over twice during its 13–17 November offering. It had raised ₹247 crore from anchor investors, including Nippon India MF, Tata MF, BNP Paribas, ValueQuest, Societe Generale, LC Pharos Multi Strategy Fund, Astorne Capital, and Citigroup Global Markets Mauritius.