Investor Presentation for Earnings Call for Q4 FY2026 scheduled on 14th May 2026
QPOWER · price
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Quality Power reported strong revenue growth with Q4 FY26 total income of INR 3,098 million (up 138.5% YoY) and full year FY26 revenue of INR 10,070 million (up 156.9% YoY). However, margins compressed significantly - EBITDA margin fell from 30.5% in FY25 to 23.5% in FY26, and PAT margin declined from 25.6% to 18.4%. The company noted a non-cash, non-operational charge of ₹25.7 crore related to Ind AS 29 hyperinflation accounting for its Turkish subsidiary Endoks, which does not reflect underlying business deterioration. The order book stood at INR 14,060 million as of March 31, 2026, including a large BESS order worth Rs. 152 crore expandable to Rs. 292 crore. Multiple expansion initiatives are underway including Mehru's Bhiwadi plant (45% capacity increase) and advanced construction timeline for the Sangli plant (now June 2026).
While revenue growth is exceptional, the significant margin compression over the full year may concern investors focused on profitability. The disclosed order book and expansion plans suggest healthy business momentum, but execution on margin recovery will be key to watch in coming quarters.