UTLSOLAR Q4 FY26 Guidance vs Delivery (UTLSOLAR Management Mirror)

Did UTLSOLAR's management deliver what it guided? Guidance vs actual performance and tone changes across recent earnings calls, as of the Q4 FY26 (Mar-2026 Qtr) concall.

Fujiyama Power Systems Ltd (UTLSOLAR) Q4FY26 Management Mirror - Mar-2026 Qtr

Revenue & Profitability

Management provided fresh guidance in the Mar'26 Qtr for the fiscal year ending Mar'27, targeting 50% YoY revenue growth and PAT margins of 11% to 13%, alongside quarterly revenue cadence expectations of INR 900 crore in the Jun'26 Qtr, INR 800 crore each in the Sep'26 Qtr and Dec'26 Qtr, and INR 1,500 crore in the Mar'27 Qtr. Additionally, peak revenue from the Ratlam facility is projected to reach INR 5,000 crores by Mar'28, building upon Dec'25 Qtr volume targets of at least 1 gigawatt each across key segments for the coming year. [Status: Initiated]

3 more themes on the ELITE plan.