Now Reading: Fujiyama Power Systems shares jump 5% to record high after Q1
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Fujiyama Power Systems shares jump 5% to record high after Q1
Livemint reports that Fujiyama Power Systems shares jumped 5% to a record high of Rs 431.25 on the BSE on 14 August, even as the benchmark Sensex declined. The rally came after…
The Story in Brief
Livemint reports that Fujiyama Power Systems shares jumped 5% to a record high of Rs 431.25 on the BSE on 14 August, even as the benchmark Sensex declined. The rally came after the company announced its Q1FY27 results on 13 August.
Revenue from operations surged 125.3% year-on-year to Rs 1,345.7 crore. EBITDA rose 140.6% to Rs 254.8 crore. However, profit after tax fell 14.5% to Rs 57.8 crore, hit by a one-time exceptional item of Rs 107.4 crore related to the Bawal fire loss. The stock is up 89% from its issue price of Rs 228.
The Indian Opinion
The 5% jump amid a weak market may paint Fujiyama as an unstoppable stock, but the 14.5% PAT drop and the Rs 107.4 crore fire-loss provision are red flags. Narratives that ignore the one-time charge and focus only on revenue growth are one-sided. The real test will come in Q2: can the company deliver a clean profit without exceptional items? That number alone will show whether the core business is truly profitable.
Source: livemint.com
This story was synthesised by AI from the source linked above.
