Intimation of Press Release pertaining to the Financial Results of Q4 of FY 2025-26.
QPOWER · price
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Quality Power reported strong revenue growth with FY26 revenue of ₹10,070 Mn (up 156.9% Y-o-Y) and Q4 revenue of ₹3,098 Mn (up 138.5% Y-o-Y). However, profitability margins contracted significantly - EBITDA margin fell from 30.5% in FY25 to 23.5% in FY26, and Q4 EBITDA margin dropped to 19.1% versus 29.1% in Q4 FY25. The company crossed ₹10 billion in annual revenue for the first time and enters FY27 with an order book exceeding ₹1,400 crore (approximately 1.4x FY26 revenue). The margin decline is attributed to one-time labour code provisions and raw material cost pressures in electrical steel, copper, and insulation systems. Management highlighted vertical integration plans through a new Global Coil Manufacturing Facility at Sangli to address supply chain constraints.
Revenue growth is robust but margin compression signals execution cost pressures and raw material challenges. The massive order book provides strong revenue visibility for FY27, though near-term profitability may remain under pressure as the company scales operations and invests in capacity expansion.