SmallCap Stock Rallies Post Q4 Result, Hits Upper Circuit | Do You Own?

Fujiyama Power Systems hit its 5% upper circuit on the BSE on 15 May, after strong March quarter numbers for FY26. The small-cap stock climbed to Rs 286.75 in morning trade, as sharp growth in profit and operating performance drew investor interest, even as the benchmark Sensex has declined 11% year to date.

Shares opened at ₹286.60, higher than the previous close of ₹273.10, and quickly touched the upper price band of ₹286.75. Fujiyama Power's current market capitalisation now stands at about ₹8,680 crore. The stock has gained 26% so far in 2026, sharply outperforming the broader index during the same period.

Fujiyama Power Q4 results 2026 and Fujiyama Power share price drivers

The March quarter results for Q4FY26 showed a steep rise in earnings. Profit after tax surged 107.5% year on year to ₹106.3 crore, and the PAT margin increased to 11.8%, up 110 basis points from 10.7%. Revenue from operations during the quarter advanced 87.5% year on year to ₹900.8 crore.

Operating performance strengthened as well in Q4FY26. EBITDA jumped 116.9% year on year to ₹171.5 crore. The EBITDA margin improved to 19%, compared with 16.5% a year earlier. Management linked these gains to better utilisation of plants, higher volumes and a larger contribution from backward-integrated units.

Fujiyama Power Q4 results 2026 full-year performance and Fujiyama Power share price context

For the full FY26 period, revenue from operations grew 72.3% year on year to ₹2,654.5 crore. EBITDA for the year increased 97.3% to ₹490.3 crore. The annual EBITDA margin moved up to 18.5%, from 16.1% in the previous financial year, indicating improved profitability on a sustained basis beyond the March quarter.

The company expanded its network aggressively in Q4FY26. Management reported the addition of over 80 distributors, 450 dealers and 30 exclusive shoppes during the quarter. This took the overall channel partner base to more than 8,900 by March 2026, strengthening the reach of its electrical and power solutions across key markets.

On the technical front, Fujiyama Power shares have traded in a wide band in 2026. The stock touched a 52-week low of ₹170.55 on 2 March, then climbed to a 52-week high of ₹313 on 29 April. The latest move after the Q4FY26 results keeps the Fujiyama Power share price well above the year's lows, backed by strong financial and operational metrics.