Fujiyama Power Systems Limited has informed the Exchange about Investor Presentation

®OUTL SOLAR December 08, 2025 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (E), Mumbai 400 051 Mumbai 400 001 Maharashtra, India Maharashtra, India Scrip Symbol : UTLSOLAR Scrip Code: 544613 Subject: Analysts / Investors Presentation Dear Madam/ Sir, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), we are enclosing herewith a copy of Presentation to be made during the conference call with Analysts/ Investors as scheduled to be held on December 10, 2025, for the information of the Stock Exchanges. The above information will also be available on the website of the Company at https://www.utlsolarfujiyama.com/ Kindly take the information on record. Thanking you, Yours Sincerely, For Fujiyama Power Systems Limited (Formerly Fujiyama Power Systems Private Limited) Digitally signed MAYURI by MAYURI GUPTA_ Date: 2025.12.08 21:38:59 +05'30' Name: Mayuri Gupta Designation: Company Secretary and Compliance Officer Membership No.: A75210 Place: Delhi Encl: As above FUJTYAMA POWER SYSTEMS LIMI TED (Formerly known as Fujivama Power Systems Pvt. Lid.) §3.4/6, Near NDPL Grid Office, Near Metro Station, Industrial Area, Sat Guru Ram Singh Mare, Delhi - 110015, India CIN No - U31909DL2017PLC326513, GST No - (7AADCFI634F12Y www.utlsolarfujiyama.com Ph : +91 9968309514, 9968309517, E-mail: investor@utlsolarfujiyama.com  Q2 and H1 FY26 (NSE: UTLSOLAR; BSE: 544613) Earnings PresentationFujiyama Power Systems: Solarizing India GUTL SOLAR FUJI YAMA SOLAR Design and Engineering > Distribution > I I I . | Greater Noida I —— I | 60 + . If Uttar Pradesh | I © , SUTL I 790 + I Peete eee | | R&D Engineers I I I I | I L I I 1 | Dadri I Solar PCU <a 1. TSS Se AMOI eta 1 500 + SKUs I I Uttar Pradesh I 1 Off-Grid Solar Charger Solar Hybrid smu 1 i | Products I | Bawal I ' On-Grid Controller Supply ; Shoppes Franchisee I 1 Million + Hybrid 5 I | Haryana I y ; I SS I | PatentsGranted | Parwanoo 1 | O = > ae ETE SEE 1 1,100 + I B2C Revenues lu I I | (+4 Applied) Himachal Pradesh I tl I | LL —_—— = J I Solar Cell Solar Panels il E-Rickshaw Chargers Se 90% + 1 | Industry First | I PERC Topcon Hee eee eee | rMPPT Technology, 5 I 1 | PO 1 == Start Ch I | Online Solar PCU | | Ratlam I Li-lon Batteries Tubular Batteries | uarger | 5,900 + I I | Madhya Pradesh I I I 620 + I I y I | I I —_—_ = ee ee = Le J L. In-Person Sales Support Real Time Feedback Feedback from Service Feedback from end Engineers to R&D Team consumers and dealers - eee ee eee eee boo ganane ay wN ”NFujiyama Power Systems: Business Model Dynamics @UTL SOLAR o Integrated Business Model with B2C Focus 2) Increasingly Tapping DCR Panel Market 10.5% Revenue = BIC FY2025 a B2B = Energy solution providers to Indian households for the last 29 years " One stop shop solutions supplying the main three components of solar power generating systems (SPGS) = SPGS tailored according to the customer need and geographical location, with a focus on Tier 2 and Tier 3 cities Td Solar Panels Solar Cell Solar cells to be manufactured at Dadri facility (Q3 FY26) Solar panels already manufactured across India At present majority of Revenues of solar panels are from non DCR (solar cells imported) rooftop panels used generally in off-grid solar system Remaining Revenues of solar panel are from on DCR (Solar cell made in India) rooftop panels which are eligible for government subsidies to end consumers 1GW DCR solar cell production at Dadri facility will enable Fujiyama to increase its market share in DCR solar panels market, used generally in on-grid/hybrid solar system PM Surya Ghar: Muft Bijli Yojana has a target to install rooftop solar in 10 million households by March 2027 FUSIYAMA SOLAR So Raw Material Sourcing 9.0% 25.8% Raw Material FY2025 91.0% 74.2% @ Procured in India ma Import from China mi Procured International Import from Other Countries " Highly backward integrated in power electronics, with in-house of key components " This strategy allows for greater margin capture and supply chain resilience =" Fujiyama Imports a portion of its raw materials and components, primarily solar cells and lithium cells =" Implementation of 1GW DCR solar cell facility will further reduce the proportion of solar cell procured outside of IndiaManagement Commentary GUTL SOLAR FUSIYAMA Commenting on the performance Mr. Pawan Kumar Garg, Chairman and Joint Managing Director, said: SOLAR “Following the successful completion of our IPO, Fujiyama has entered a new phase of growth, supported by strong financial strength and a clear roadmap for expansion. We are positioned to accelerate our expansion plans, deepening backward integration and broadening our nationwide footprint. With India’s renewable-energy transition gaining momentum and rooftop adoption rising meaningfully across Tier-2 and Tier-3 cities, we remain well placed to serve a growing share of the residential and distributed-solar market through our integrated and high-quality product ecosystem. During Q2 FY26, our Revenue from Operations is Rs. 5,679 million, reflecting a 72.6% year-on-year increase. PAT margin improved from 9.7% in Q2 FY25 to 11.1%, supported by a 0.7% enhancement in material margin driven by backward-integration initiatives and efficiencies from a larger operating scale. For H1 FY26, Revenue from Operations is Rs. 11,653 million, up 61.5% year-on-year, while EBITDA for the period is Rs. 2,089 million with a margin of 17.9%, supported by labour-cost optimisation and improved utilisation across our manufacturing footprint. These results highlight the benefits of scale, a disciplined operating approach and our continued focus on enhancing the cost structure of the business. Our distribution network remains one of our biggest strengths and continues to deepen across India’s high-demand regions. In Q2 FY26, we added 70+ distributors, 350+ dealers and 20+ exclusive Shoppes. With more than 7,500 channel partners and a strong team of service engineers, we are able to reach I H1 FY26 Revenue from l households across diverse geographies and deliver a seamless customer experience from product selection to installation and after-sales service. This wide I . I and entrenched retail presence is a significant competitive advantage, particularly in the rooftop segment where customer trust, service reliability and I Operations I proximity play a vital role in purchase decisions. 9 L. Rs. 11,653, Mn 61.5% YoY _! On the product mix, solar panels accounted for 45.4% of total revenue in H1 FY26, compared to 36.5% in H1 FY25. A large part of this growth has been —~ eee ee LL LLL driven by the off-grid category, highlighting our strong positioning in power-backup led rooftop solar. Our B2C business contributed 91.7% to revenue in H1 I I FY26, compared to 90.3% last year, reflecting the deepening retail franchise and the effectiveness of our customer engagement initiatives. I H1 FY26 EBITDA and Ma fo We are also delighted to welcome Surya Kumar Yadav (SKY) as the brand ambassador for Fujiyama Solar. His high-energy performance, consistency and I Rs. 2,089 Mn 17.9% strong connect with Indian households reflect the values we stand for. This association is expected to meaningfully enhance brand visibility, strengthen SSeS oS sao oa oo _! consumer confidence and support our efforts to accelerate rooftop adoption across the country. Combined with our extensive distribution network and wide product portfolio, this collaboration highlights our commitment to make clean and dependable energy accessible to every Indian household. I 7.500+ With India targeting 300 GW of installed solar capacity by 2030, the demand environment for reliable and high-performance solar technologies remains , favourable. Supportive policies, rising residential adoption and a growing preference for solar-based backup solutions continue to create long-term visibility I Channel Partners I for uniquely positioned manufacturer like Fujiyama. As we move ahead, our focus remains on expanding capacity, improving efficiencies and strengthening ae eee ee _! our presence across key markets. We are committed to delivering dependable, high-quality solar solutions while creating sustained value for all stakeholders. The investments we are undertaking today will set a strong foundation for the next phase of Fujiyama’s growth and reinforce our position as a leading player in India’s solar-energy landscape.” 1 Brand Ambassador Added Tee I I I Surya Kumar Yadav I I IQ2 FY2026 Performance Highlights @GUTL SOLAR ee FUSJIYAMA Rs. Mn SOLAR Revenue from Operations EBITDA and Margin (%) I proccss 72.6% |---->- ry] 61.5% Joa pon--4 105.7% }----- 1 ge 79.1% Joa I I I i I I 11,653 1 2,089 I I 1 7,217 5,973 5,679 | | 1,059 1030 ; 1166 I 3,291 501 1 I I I 15.2% 17.7% 18.1% I 16.2% 17.9% Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 Q2FY25 Q1FY26 Q2FY26 H1FY25 H1FY26 EBIT and Margin (%) PAT and Margin (%) peetewes 107.0% ------ 1 tr 78.6% |-9 pases 97.4% |---->> 1 1 73.8% |-9 td 1 I I 1,305 I I I I I 1 751 989 952; ~—087 676 629 I I I 460 I 319 I 14.0% 16.6% 16.8% 15.1% 9.7% 11.3% 10.4% Q2FY25 QIFY26 Q2FY26 HIFY25 HIFY26 Q2FY25 Q1FY26 Q2FY26 H1FY25 4H1FY26H1 FY2026 Capital Structure and Working Capital @SUTL SOLAR Mar-24 Mar-25 Sep-25 IPO Adj. Proforma Long Term Debt 632 885 1,573 1,573 Short Term Debt 1,370 2,578 5,167 (2,750) 2,417 Total Debt 2,002 3,462 6,740 3,990 scene a 2 #7 7 Net Debt /(Cash) 1,960 3,380 6,653 3,903 Total Equity 2,395 3,968 5,276 6,000 11,276 Net Debt/Equity 0.82x 0.85x 1.26x roa H1 FY26 Cash Flow Analysis (Pre-IPO) Initial Public Offering 2,117 (3,380) (3,138) Operating Cashflow Net Cash for FY25 Change in Working Capital Investment in Dadri and Ratlam facility (454) | I I (1,594) I Investing Activity l (203) Financing Activity (6,653) Net Cash for H1 FY26 IPO listing: 20"? Nov 2025 IPO Offering Rs. 8,280 Mn IPO Fresh issue: Rs. 6,000 Mn Rs. 2,750 Mn for debt repayment Rs. 1,800 Mn Is for 2 GW Ratlam Rs. 1,450 Mn General corporate Receivables Days Inventory Days Payable Days FUSIYAMA SOLAR Net Working Capital Days 19 18 16 I I I I I I I I FY23 FY24 FY25 I H1 FY26 I I I 129 105 98 i I I I I I I FY23 FY24 FY25 I H1 FY26 I I I 61 62 I 4A 1 52 I I I I FY23 FY24 FY25 H1 FY26World Class Engineering Platform GUTLSOLAR FUS!YAMA Manufacturing facilities in close proximity to attractive end customer markets SOLAR Total Product Capacity Seem ee leihay Capacity: 1,318 MWh Solar Cell Solar Panels 1 Capacity: 0 MW Capacity: 1,039 MW : i 1 MW +2,600 MW I I . I | ,000 : Tubular Batteries Solar Panels | Lithium-lon Batteries Power Electronics; ' Capacity:1,318 MW Capacity: 71 MW! 1 Capacity: 545 MWh Capacity: 1,743 MW | 1 +2,000 MWh +2,000 MW ' Haryana Tubular Batteries - Dadri Facility Parwanoo Facility Solar Panels Solar Cell : Capacity: 600 MW Capacity:OMW Solar PCU and UPS +600 MW 1,000 MW Uttar Pradesh ee eel Capacity: 325 MW Himachal Pradesh Se le lee elle Ratlam — Q4 FY26 Greater Noida Facility 1 ; Solar Panels Solar Inverters | Solar Panels Solar Inverters 2,000 MW 2,000 MW | Capacity: 368 MW Capacity: 1,084 MW Lithium-lon Batteries Lithi | 2,000 MWh ' it tum- on E-Rickshaw Charger | 1 Madhya Pradesh chain Capacity: 334MW ha ' Capacity: 545 MW Uttar Pradesh en ee eee en een nen en ante at nnn nt nat nnn eT Te 7 MM Expansion Capacity [J Existing CapacityAdvanced Manufacturing Equipment GUTL SOLAR FUJI YAMA SOLAR Sealant & glue auto filling machine - Solar Inverter rm S © a) .) ° ° c © FS i= iw) fae = me) © a i} RS] ° Fa td iD) _ © bd) t= ©) Grid casting set-up for lead acid Laser marking machine — Solar inverter Li-ion Cell sorting batteries and E-charger Manufacturing Product Matrix GUTL SOLAR FUJI YAMA SOLA CIN peeeeee eee (UA L 1,000 MW |} SolarCell —_ (we ST 1000 MW Solar Panels 2,000 MW Li-lon Batteries 2,000 MWh f4, 318 MWh} (4, 318 MWh: | f a JAD AAAI fase eS eee BD av L743 MW BS) rain: Power Electronics Power Electronics 2,000 MW Fujiyama Power Systems | Key Investment Highlights GUTL SOLAR FUJI YAMA SOLFiR Well-rounded Leader in Rooftop Solar Industry and a ‘One-stop Shop’ for Solar Products and Solutions Z Solar Panel Brand Recall and Reputation in the Solar Rooftop Industry 22+ Lakh units (900+ MW) it Proven Track Record of Being an Early Adopter of Innovative Technology Solar Inverter SUTLSOLAR Robust Distribution Network and Post-Sale Service Capabilities 9+ Lakh units (2,000+ MW) FUSIYAMA SOLAR Quality-Centric and Precision-Driven Large Scale Manufacturing Infrastructure Solar Batteries 12+ Lakh units (2,400+ MWh) Experienced Promoters and Well-Qualified Senior Management Team ee ee ee ee = ee ee ee ! Contributed 2 GW+ of Roof- | | top Solar Installations : across India in last 4.5 years | Robust Financial Performance and Growth wenn ee eee ee ee ee ee ee ee etConsumer ‘One-stop Shop’ For SPGS GUTL SOLAR FUSIYAMA SOLAR Solar Power Generation Systems (SPGS) Solar Panels Batteries (Lithium & Tubular) High Frequency Based Inve SOLAR PANEL UTL Li lon Batteries Tubular Battery High Frequency Based Inverter PWM Solar sMuU MONO-PERC | TOPCON For Home, E-Rickshaw a a Charge Controller Solar Management Unit =o =a { a | = : : w 2227 — q 2— =. oy owe: ia, OCU lll =o » ~-Guuue 1.2KWh - 48KWh 40Ah - 300Ah sane aia 12/24V - 10/20A 12V / 24V - 40A/50A On-Grid Inverter On-Grid Systems Off-Grid Systems aM AL Cit aa AL CIS SUN PLUS PRO HELIAC GAMMA+ GAMMA LiON SIGMA+ PCU ZETA SOLAR PCU Hybrid UPS : Solar Inverter Solar Inverter rMPPT Solar Inverter Wall Mountable re P TCU (Hybrid-Grid Export) SUTL SOLAR SUTLSOLAR za E a... zy call, = 4kW - 136kW 7OOVA - 1100VA 14000VA - 2500VA 1000VA-3000VA 4000VA/25.6V AKVA - 15kVA 7.5kVA-50KVA Rectifier - 48V/25A(1+1) | MPPT- 48V/1kW Power Backup Solutions Chargers Power Supply Solutions ONAL Marine/Engine Start Chargers Hybrid Charge Controller Unit User Configurable 3 Phase ALFA ONLINE UPS ONLINE UPS (Isolation) E-Rickshaw Products 3KkVA - 10kVA 10kVA-120kVA 208 - 1080W 240W-3KW 0.12KW - 16.5KW 10Solar Power Industry Dynamics @UTL SOLAR FUS(YAMA SOLAR India’s power sector is projected to grow at a 9% CAGR from FY24-32 India’s solar is expected to dominate the energy mix by FY32 Installed Capacity — (GW) #900 Installed Capacity Split — FY25 Installed Capacity Split — FY32P sor . an” 40%, aa 22%, 365 GW 106 GW CAGR-5% “ FY20 FY21 FY22 FY23 FY24 FY25 FY27P FY32P Solar m Others Solar m Others Long Term Drivers for Renewable Energy Growth Solar Energy Market Size — (GW)") ua” . ww ofo, “ iY Government Folcies and Rising Energy Demand ge _ Lo 182 cnn =22% __—+ a 20 / _ Technological Advancements 35 AO 50 63 73 a / iH || |] a a | y yy yy Climate Change Awareness Investment in Infrastructure 2019 2020 2021 2022 2023 2024 2025P 2027P 2030P Source: CARE Report, (1) On CY basis 11Rooftop Solar Industry Dynamics GUTL SOLAR FUSIYAMA SOLAR India’s Rooftop solar market to reach 100 GW by FY30 Composition of India’s Rooftop Solar Market (FY25) Rooftop Solar Market Size —-(GW) By Type 10% = = On Grid 19% ie a ° - = Off Grid CAGR- 45% 17.0 . 11.9 = 1.8 2.5 4.4 6.6 - ~ Hybrid ; ——— 71% FY19 FY20 FY21 FY22 FY24 FY25 FY27P FY30P Substantial Potential For Rooftop Solar Potential till 2030 (GW) m Urban @ Rural 11 g 10 “+ am ss & s o Ag xs RS ye xs e & > we o ae 7 ’ e we x & & a ‘ Ss * q & é w * rs ; P se? * s Ss Se RSs w ae xe $ s sy’ vw vs RS wv Source: CARE Report 12@UTL SOLAR FUSIYAMA SOLAR Brand Ambassador for Fujiyama Solar Strong Brand Recall and Reputation in the Solar Rooftop Industry Won Various awards, accreditations and recognitions eon nn een ne ee ee ee ee, a ae Renewable Energy Excellence Award - Solar Most Trusted brand of India — a Battery Manufacturing =| tk Marksmen Daily (2025) mT ule 7 i pe nn nn nn nn nn en nn nn nn nn en ee en nn nny w h ee [India Chamber of Commerce (2025) ween een eee Brand of Decade — FUSIYAMA SOL fil pt nee en en nn nn nnn nn nn en nn nn nn nnn en en enn nn nn nee eee, BARC Asia - Under Solar Energy Solutions We are delighted to welcome India’s Most Preferred Solar Energy Brands Category (2025) SURYA KUMAR YADAV scene Informa Market (2020) Certificate of Conformity- AN et ene en en nn nn nnn nn nn en nn nn nn nnn ene en enn nn nn nee eee, India’s Most Preferred Smart City Brands UBM India (2019) we eee eee ee eee ee ee ee ee ee ee ee ee ee ee ee ee eee ee eee” ‘U.P. Invest’ award — Uttar Pradesh Government (2019) : European Certification and Inspection Limited (2024); lel lel et Largest Company in off-grid inverter Sigma Summit by Enxpo Infomedia (2019) er nn nn nn nn nn nn nn ee nn ee ee eee : One of the 25 fastest growing electronic manufacturing company CEO Magazine (2019) Certified, High-Quality Products ry FUSYaMA SOLAR Product Certifications Plant Certifications Warranty Offered MNRE Approved a i Solar Panel ISO 9001:2015 25 Years Performance i] Warranty TEC Certified On erids : Sr n Grid Inverters oes ISO 14001:2015 | 10 Years Product BIS Certified ne. Warranty 2-5 Years Product Warranty 13Proven Track Record of Being an Early Adopter of Innovative Technology GUTL SOLAR FUHIYAMA SOLAR 2000 i | 2004 | | 2010 . 2014 | | 2024 | FirstIndianCoTo | - Launched Combo Launched High . . Launched Online | - Granted Patent for _ Launch SMT Inverter — _ UPS (Combo of UPS | _ Frequency Online Solar PCU — MPPT Technolo _ With Single Card and Inverters) UPS and Inverter | By 2002 | : 2006 | | 2012 | 2021 Launched Online | Began | Launched Hybrid ae _ LaunchedCombo | . UPS With Single | UPS with AVR | : manufacturing | _ Inverterbasedon — Card | | | | Solar PCU | __ rMPPT Technology | Committed to Technological Developments to Meet the Evolving Landscape of Solar Energy Segment 14From Engagement to Conversion: Driving Sales through Marketing & Al Smart Reference System - ‘UTL Credits’ We gather Leads from multiple Channels Telemarketing team follows up via calls Al-powered WhatsApp messages nurture and engage leads from multiple Channels te as TY mh ‘ee ae roe ree tf SALES ENQUIRY All the conversions are passed to our Channel Network (e.g - Dealer, Distributor, Shoppe) GUTL SOLAR FUSIYAMA SOLAR End-to-End Lead Management On-Route Dealer Visits SERVICE COMPLAINT Service engineers locate dealers (via App) on their route to service location & visit them 15On Going Expansion of Pan India Distribution Network @GUTL SOLAR FUS(YAMA SOLAR Strategic Growth Strategy Across States State Summary FY22 Market Position > FY25 Market Position Status FY22 FY25 prmcccccscscccccc Sey Growing 12 7 j Engage more distributors and establish I exclusive retail outlets particularly in Special Focus PT Southern and Eastern India ; Potential 8 A Untapped 13 10 Growing Channel Partners 2x 6,800+ 7,500+ 4,500+ OAT declares) ae 1 ct:47 3,700+ For two Distributors in a City SUTL SOLAR a ee FUAIYAMA SOLAR : FY23 FY24 FY25 H1FY26 No. of Channel Partners: Include Distributors, Dealer and Shoppes (Exclusive Franchise) 16 Board of Directors and Leadership Team GUTL SOLAR FUS(YAMA SOLAR Promoters and Directors Yogesh Dua Sunil Kumar Chief Executive Officer and Joint Managing Director Pawan Kumar Garg Chairman and Joint Managing Non-Executive Director Director Exp. in Developing Software Solutions: 23+ years IIT Delhi, Ex-Google Exp. in Industry: 28+ years Exp. in Industry: 28+ years Independent Directors Manav Sheoran Independent Director Sonia Bansal Arora Rajesh Kumar Choudhary Exp. in Project Innovation, | . ndependent Director Independent Director Manufacturing & Policy P . . . Development: 22+ years Exp. in Secretarial Compliance: a? _ in Bank : 18+ «4 Exp. in Banking Services: 18+ years IIT-KGP, Contractor- US Dept of 15+ years Energy’s Loan Program Office @ Audit Committee @ Nomination and Remuneration Committee @ Stakeholders’ Relationship Committee @ Risk Management Committee Corporate Social Responsibility Committee 17CSR Initiatives LSOLAR FUS/YAMA SOLAR Trainee Skill development under NAPS CSR expenditure for the period was supported apprenticeship training under National Apprenticeship Promotion Scheme (NAPS), supporting practical skill-building for young trainees under the Apprentices Act, 1961. This reflects Fujiyama’s focus on enabling employability and strengthening the future talent pipeline 18Annual Financial Performance (1/2) @UTL SOLAR FUS/Y AMA SOLAR ROCE (%) Ste) 0 41.0% 39.4% 26.6% 16.8% 18.9% 12.6% 1 1 I I I I I I i 25.1%* i 24.7%* I I I I I I I I I I FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 Net Debt/Equity 1.3 1.1 0.8 0.9 FY23 FY24 FY25 H1FY26 * ROCE and ROE represent half year financials, not annualized 19Annual Financial Performance (2/2) GUTL SOLAR FUSVYAMA SOLAR INR Mn EBITDA and Margin (%) Revenue from Operations I I I I I I CAGR — 52% 15,407 _ 419% 2,485 cack 2,089 I 11,653 I ? 9,247 I i 6,641 I 986 I 516 7.8% 10.7% 16.1% | 17.9% FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 PAT and Margins (%) I I I 1,563 1,305 153% I cack I I 453 i 244 i 3.7% 5.0% 10.2% i FY23 FY24 FY25 H1FY26 20Q2 and H1 FY2026 Financial Performance Summary GUTL SOLAR FUSVYAMA SOLAR poy | et | eo FY2026 FY2025 Growth(%) FY2026 Growth(%) FY2026 FY2025 Growth(%) Revenue from Operations 5,679 3,291 72.6% 5,973 (4.9)% 11,653 7,217 61.5% Other Income 19 20 4 23 24 Total Income 5,698 3,311 5,978 11,676 7,241 Cost of material consumed 4,654 2,462 4,132 8,786 5,372 atewndcsduocnnoeee | a en 59 Other Operating Expense 178 129 187 365 232 Employee benefits expense 259 170 234 493 326 Other expenses 252 200 293 546 374 EBITDA 1,030 501 105.7% 1,059 (2.7)% 2,089 1,166 79.1% Margin 18.1% 15.2% 17.7% 17.9% 16.2% Depreciation and Amortization expense 78 41 70 149 79 EBIT 952 460 107.0% 989 (3.8)% 1,941 1,087 78.5% Margin 16.8% 14.0% 16.6% 16.7% 15.1% Finance costs 124 59 94 218 101 Profit Before Tax 846 422 899 1,746 1,010 Margin 14.9% 12.8% 15.1% 15.0% 14.0% Tax expense 217 104 223 441 259 Profit After Tax 629 319 97.4% 676 (6.9)% 1,305 751 73.8% Margin 11.1% 9.7% 11.3% 11.2% 10.4% Basic EPS 2.25 1.14 2.41 4.66 2.68 21Statement of Assets and Liabilities GUTL SOLAR ee FUHNYAMA SOLA? As on As on As on As on 30 Sep, 2025 | 31 Mar, 2025 30 Sep, 2025 | 31 Mar, 2025 Equity and liabilities Assets Equity Share Capital 280 280 Non-Current Assets i 4 Other Equity 1996 3,688 Property, Plant and Equipment 3,245 2,857 Total Equity 5,276 3,968 Capital Work in Progress 1,868 - Non-Current Liabilities Right of use Assets 793 731 Borrowings 1,573 885 Goodwill 564 564 Lease liabilities 521 460 Other Intangible Assets 29 32 Provisions 62 56 Financial Assets 86 51 Deferred Tax Liabilities (Net) 248 206 Other Non-current Assets 371 333 Other Non-current Liabilities 68 46 Total Non-current Assets 6,806 4,468 Total Non-current Liabilities 2,472 1,653 Current Liabilities Current Assets Borrowings 5,167 2,578 Inventories 6,217 3,826 Lease Liabilities 42 25 Trade receivables 1,098 731 Trade payables 1,658 1,205 Cash and cash equivalents 87 82 Other financial Liabilities 1,166 229 Other Bank Balances 110 123 Other current Liabilities 77 393 : : — Other Financial Assets 22 18 Provisions 30 24 Current Tax Liabilities (Net) 12 66 Se eee 1,560 890 Total Current Liabilities 8,152 4,519 Total Current Assets 9,094 5,672 Total Equity and Liabilities 15,900 10,140 Total Assets 15,900 10,140 22@UTL SOLAR FUSYAMA SOLAR Thank You This presentation, provided by Fujiyama Power Systems Ltd., is intended for informational purposes only and is not an offer, invitation, or inducement to sell or issue securities. It is not intended to be a prospectus under any jurisdiction's laws. The information contained herein includes forward-looking statements about the company's future prospects and profitability, identified by expressions such as Fujiyama Power Systems Ltd. We ho wh he . . _ will," "aim," "may," and “anticipate.” Forward-looking statements inherently involve risks, uncertainties and factors that may cause Mayuri Gupta (Compa ny Secreta ry) actual results to differ from those expressed or implied in such statements. These factors include, but are not limited to, fluctuations in Contact: +91 011 41055305 earnings, managing growth, competition, economic conditions, talent retention, contract overruns, government policies, fiscal deficits, Email: cs1@utlsolarfujiyama.com regulations and prevailing economic costs. The company does not guarantee the accuracy, fairness, completeness or correctness of the forward-looking statements, and no reliance should be placed on them. The company disclaims any obligation to publicly update or Churchgate : revise these forward-looking statements, unless required by law. Accessing this presentation implies an agreement to be bound b Investor Relations 8 q y g this p p g y specified restrictions. No responsibility or liability is accepted for the accuracy or validity of the information by directors, promoters, Abhishek Dakoria / Akshay Hirani employees, affiliates, advisors or representatives of Fujiyama Power Systems Ltd The presentation is confidential and may not be copied or disseminated. Viewers are cautioned not to place undue reliance on forward-looking statements, and any actions taken based on Contact: +91 22 6169 5988 such statements are at the viewer's own risk. This disclaimer is issued in compliance with applicable laws and regulations governing the Email: Fujivama@churchgatepartners.com provision of information and the communication of forward-looking statements by Fujiyama Power Systems Ltd.