loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations
Open ICICI 3-in-1 Account

Quality Power Electrical Equipments Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Quality Power Electrical Equipments Ltd. 14 May 2026 13:13 PM
Result PDF

Q4FY26 & FY26 Result Announced for Quality Power Electrical Equipments Ltd.

Heavy Electrical Equipment company Quality Power Electrical Equipments announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 2,808.08 million, representing a YoY increase of 159.23% from Rs 1,083.23 million in Q4FY25 and a QoQ decrease of 1.12% from Rs 2,839.91 million in Q3FY26.
  • Total Income for Q4FY26 stood at Rs 3,097.78 million, an increase of 138.48% YoY from Rs 1,298.95 million and up 8.97% QoQ from Rs 2,842.90 million.
  • Profit before tax for the quarter was Rs 534.75 million, showing a growth of 50.23% YoY from Rs 355.95 million and a decrease of 28.07% QoQ from Rs 743.41 million.
  • Net Profit for Q4FY26 reached Rs 505.51 million, reflecting a YoY growth of 65.74% from Rs 305.01 million and a QoQ decrease of 19.46% from Rs 627.65 million.
  • For the full year ended March 31, 2026, Revenue from Operations was Rs 9,472.74 million, up 179.91% compared to Rs 3,382.71 million in FY25.
  • Annual Net Profit for FY26 stood at Rs 1,855.47 million, an increase of 85.27% YoY from Rs 1,001.49 million in FY25.
  • Earnings per equity share (Basic and Diluted) for the year ended March 31, 2026, was Rs 15.67 compared to Rs 9.10 in FY25.

Standalone Financial Highlights:

  • Revenue from Operations for Q4FY26 was Rs 708.86 million, up 60.25% YoY from Rs 442.33 million and up 22.84% QoQ from Rs 577.06 million.
  • Total Income for the quarter was Rs 719.39 million, an increase of 58.28% YoY from Rs 454.51 million and 21.44% QoQ from Rs 592.40 million.
  • Profit before tax for Q4FY26 reached Rs 213.11 million, showing a growth of 106.16% YoY from Rs 103.37 million and 10.00% QoQ from Rs 193.74 million.
  • Net Profit for Q4FY26 was Rs 164.83 million, registering an increase of 93.71% YoY from Rs 85.09 million and 12.95% QoQ from Rs 145.93 million.
  • For FY26, Standalone Revenue from Operations was Rs 2,219.06 million compared to Rs 1,524.27 million in FY25.
  • Standalone Net Profit for FY26 reached Rs 548.71 million, representing a YoY growth of 81.03% from Rs 303.11 million.

Business Highlights:

  • Segment-wise Performance:
    • Amines & Speciality Chemicals: The segment recorded revenue of Rs 39,353.31 lakh in Q4FY26 and Rs 1,41,568.99 lakh For FY26. Segment profit before tax for the year reached Rs 22,007.51 lakh.
    • Hotel Division: Revenue for this segment was Rs 837.73 lakh in Q4FY26 and Rs 3,570.15 lakh for FY26. The annual segment profit before tax was Rs 917.90 lakh.
  • The Company reported a healthy order book position of approximately Rs 1,400 crore with a robust enquiry pipeline.
  • Operational integration of Mehru Electrical and Mechanical Engineers Private Limited was successfully completed, with margins improving to approximately 20% this quarter and 15% within one year of acquisition.
  • Sangli Plant construction completion was rescheduled due to raw material and labour constraints; production is now expected to commence in the first week of August, 2026.
  • A capital expenditure of approximately Rs 17.2 crore (Rs 172 million) is planned for Mehru in FY 2026–27, focusing on GIS component production and high-voltage testing equipment.
  • Endoks is establishing a new PCS facility at Nigde, Turkey, with a capital outlay of approximately USD 2 million, targeted for completion by December, 2026.
  • The HVDC CTC Magnet Wire Facility remains on track for commissioning in Q3 of FY 2026–27.
  • The Board decided to keep the proposed investment in Veeral Controls Private Limited in abeyance pending fulfilment of conditions by the sellers.
  • In-principle approval was granted for the merger of S&S Transformers & Accessories Private Limited, a wholly owned subsidiary, with the Company.
  • Enabling authorisation was approved for raising funds up to USD 75 million in one or more tranches.
  • The Board recommended a final dividend of Rs 1 per equity share (10% of face value) for the financial year ended March 31, 2026.

P.T.Pandyan, Chairman & Managing Director, said: “FY26 has been a defining year in the evolution of Quality Power. Over the past several years, our focus has been on systematically transforming the organisation from a traditional high voltage equipment manufacturer into a globally relevant technology driven power infrastructure company with deeper engineering capabilities, broader product integration and stronger participation across next generation grid applications. We believe FY26 marks an important inflection point in that journey.

During the year, we continued to expand our technological and manufacturing ecosystem across multiple verticals. Significant progress was achieved towards the development of our upcoming Global Coil Manufacturing Facility, which is being designed not merely as a capacity expansion project, but as a strategic platform for advanced HVDC and FACTS coil technologies, high precision winding systems, specialised insulation processes and integrated testing capabilities. The facility is expected to materially strengthen our execution flexibility, reduce dependency on constrained global supply chains and enhance our ability to support large scale energy transition projects globally.

Alongside manufacturing expansion, we continue to deepen our investments into advanced engineering and technology development. Across the organisation, teams are working on next generation reactor systems, higher efficiency converter duty transformer platforms, advanced instrument transformer technologies, power electronics integration, harmonic filtering applications and grid stability solutions for increasingly dynamic transmission networks. We are also expanding our capabilities in digital design simulation, thermal optimisation, transient analysis, dielectric engineering and high energy electromagnetic system design, all of which are becoming increasingly critical in modern grid applications.

One of the most important structural shifts underway globally is the convergence of energy infrastructure with digital infrastructure. The rapid rise of AI driven computing, hyperscale data centres, renewable integration and distributed power architectures is fundamentally changing the behaviour of electrical networks. These applications require faster reactive compensation, tighter voltage regulation, harmonic control, grid balancing and significantly higher reliability standards. As a result, technologies such as HVDC, STATCOM, FACTS, high performance reactors, specialised transformers and power quality systems are becoming central to future transmission and industrial infrastructure planning. We believe our growing engineering capabilities position us favourably within this evolving landscape.

We are also consciously investing in localisation and vertical integration across several critical areas. Over the last few years, the industry has experienced increasing supply chain vulnerabilities across specialised components such as insulation systems, semiconductor devices, bushings and HVDC grade materials. In response, we have accelerated efforts towards developing stronger internal manufacturing ecosystems, deeper supplier partnerships and more resilient sourcing strategies. Our approach remains centred around reducing execution risk while simultaneously improving technology ownership within the organisation.

Equally important has been our continued investment in people and technical infrastructure. The sectors we operate in require highly specialised engineering talent, extensive testing capabilities and long qualification cycles. During the year, we continued strengthening our technical teams across design, simulation, testing and project execution functions. We also expanded our focus on advanced testing infrastructure and process automation to support the increasing complexity and scale of global projects.

The Q4 figures also include one time provisions relating to the implementation of the new Labour Codes across our Indian operations, including subsidiaries.

As management, we remain conscious that sustainable value creation in this industry cannot be driven by short term cycles alone. Long term relevance will depend on technological adaptability, engineering depth, manufacturing discipline and the ability to continuously evolve alongside changing grid architectures. Our endeavour remains to build Quality Power with patience, responsibility and a long term orientation towards engineering excellence and global competitiveness.

We remain deeply grateful to our customers for their continued trust, to our employees for their commitment and technical excellence, and to all our stakeholders for their continued confidence and support. We look ahead with humility, ambition and a strong sense of responsibility as we continue building a globally respected technology focused organisation for the future.”

Result PDF

Result PDF

Heavy Electrical Equipment company Quality Power Electrical Equipments announced Q3FY26 results

  • Revenue: Rs 2,843 million against Rs 797 million during Q3FY25, change 257%.
  • EBITDA: Rs 793 million against Rs 427 million during Q3FY25, change 86%.
  • EBITDA Margin: 42.3% for Q3FY26.
  • PBT: Rs 743 million against Rs 218 million during Q3FY25, change 241%.
  • PBT Margin: 26.1% for Q3FY26.
  • PAT: Rs 628 million against Rs 196 million during Q3FY25, change 220%.
  • PAT Margin: 22.1% for Q3FY26.

Bharanidharan Pandyan, Joint Managing & Whole-time Director, said: “The global power transmission and grid equipment market continues to see steady investment driven by renewable integration, inter-regional transmission links and the need for grid stability. Utilities and large industrial networks are increasingly focusing on high-voltage and power quality solutions that improve network reliability and operating efficiency. In this environment, Quality Power continues to focus on technology-led offerings, export-oriented growth and deeper value chain participation across high-voltage systems.”

Result PDF

Heavy Electrical Equipment company Quality Power Electrical Equipments announced Q2FY26 results

  • Total Revenue: Rs 2,189 million against Rs 1,031 million during Q2FY25, change 112.4%.
  • EBITDA: Rs 494 million against Rs 168 million during Q2FY25, change 193.4%.
  • EBITDA Margin: 24.0% for Q2FY26.
  • PBT: Rs 443 million against Rs 141 million during Q2FY25, change 213,2%.
  • PBT Margin: 20.2% for Q2FY26.

Bharanidharan Pandyan, Joint Managing & Whole-time Director, said: “The global high-voltage industry continues to expand on the back of the energy transition, renewable integration, and grid modernization. While capacity additions remain strong worldwide, constraints in engineered electrical components are creating long-term opportunities in advanced high-voltage technologies. Quality Power is capitalizing on this momentum through strong international order inflows, deeper technology integration, and disciplined execution. Our ongoing investments in automation, technology, and processes are enhancing product reliability, manufacturing agility, and competitiveness across global markets.”

Result PDF

Heavy Electrical Equipment company Quality Power Electrical Equipments announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Q4FY25 Total Revenue stood at Rs 1,299 million
  • Q4FY25 Profit After Tax (PAT) increased by 74.1% YoY to Rs 305 million, with PAT margins reaching 23.5%

FY25 Financial Highlights:

  • FY25 Total Revenue stood at Rs 3,923 million
  • FY25 Profit After Tax (PAT) increased by 80.5% YoY to Rs 1,001 million, with PAT margins reaching 25.5%

Commenting on Company’s performance, Thalavaidurai Pandyan, Chairman & Managing Director, said: “FY2024-25 has been a milestone year for the Company, marked significant progress across operational, strategic, and financial parameters. The successful completion of the Initial Public Offering in February 2025, raising Rs 8,586 million, has laid a strong foundation for the next phase of growth, enabling focused investments in manufacturing expansion, technology enhancement, and inorganic initiatives.

During the year, the Company completed the acquisition of a 51% majority stake in Mehru Electrical & Mechanical Engineers Pvt Ltd for Rs 1,200 million, augmenting capabilities in high voltage instrument transformers up to 500kV and expanding its presence across India, Southeast Asia, and Africa.

In Q4FY25, the Company secured two strategic orders: a four-year framework agreement from an Israeli entity for the supply of 161kV high-voltage coils. This order represents a meaningful step in expanding the Company’s global footprint and integrating Mehru’s product portfolio into strategic projects.

The Company achieved its highest-ever order inflow during FY25 with order backlog of over Rs 7,500 million as of March 31, 2025, providing revenue visibility over the next 15–18 months. This performance translated into record revenue and profitability in both Q4 and the full year, supported by a diversified order pipeline, timely execution, and improved operational efficiencies.

Strategic investments are underway in new manufacturing units at E-5 and E-6 in Sangli, along with a greenfield facility in Cochin, which will strengthen the Company’s delivery capabilities in the Power Products segment. In parallel, for Mehru Electricals, given strong domestic and international demand, the Board approved both additional CAPEX at the current location and the exploration of a new greenfield facility or acquisition opportunity.

Also, am delighted to announce that as a part of our strategic capital allocation framework, the Board has granted in principle approval for increase in the equity stake in Nebeskie taking the total shareholding up to 26%. This investment underscores our commitment to supporting Nebeskie's ongoing capital expenditure and technology advancement plans.

As we look ahead to FY2025-26, our focus remains steadfast on long-term value creation, operational excellence and strategic resilience. The evolving market landscape presents new opportunities for innovation and leadership. We are confident in our ability to harness them through prudent capital deployment and customer-centric initiatives. With a strong financial foundation and a unified team across our group companies, we are well positioned to accelerate sustainable growth and deliver superior outcomes for all stakeholders.”

Result PDF

Trending News

As per RBI data, Bank credit growth remained healthy in the fortnight ended May 15, 2026

As per RBI data, Bank credit growth remained healthy in the fortnight ended May 15, 2026

Published on 01-Jun-2026 11:17

Lumax auto technologies posted healthy Q4FY26 results

Lumax auto technologies posted healthy Q4FY26 results

Published on 01-Jun-2026 09:27

Asian Paints registered strong performance in Q4FY26 with decorative paints business

Asian Paints registered strong performance in Q4FY26 with decorative paints business

Published on 01-Jun-2026 09:26

Jamna Auto net sales for the quarter came in at ₹ 840 crore, up 32% YoY

Jamna Auto net sales for the quarter came in at ₹ 840 crore, up 32% YoY

Published on 01-Jun-2026 09:25

NMDC reported a steady performance in Q4FY26

NMDC reported a steady performance in Q4FY26

Published on 01-Jun-2026 09:24

IPCA Labs revenues grew 6.3% YoY to ₹ 2388.5 crore, mainly driven by formulations

IPCA Labs revenues grew 6.3% YoY to ₹ 2388.5 crore

Published on 01-Jun-2026 09:23

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Get it on google Play Store Download on the App Store
market app