Outcome of the Board Meeting held on 13th May 2026
QPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quality Power Electrical Equipments Ltd reported strong FY26 results with revenue growing 45.6% to ₹2,219 crore from ₹1,524 crore in FY25. Profit after tax surged 81% to ₹548.7 crore from ₹303.1 crore, driven by successful integration of Mehru acquisition with margins improving to ~20% in Q4. The company declared a dividend of ₹1 per share (10% face value), though promoters voluntarily waived their entitlement to conserve cash for fund-raising plans. The Board authorized raising up to USD 75 million for growth capital, international expansion and acquisitions. The Sangli plant construction was marginally delayed to August 2026 due to geopolitical constraints, while multiple expansion initiatives are underway including a new Turkey PCS facility and Mehru's 765kV equipment development. The proposed Veeral Controls acquisition was put on hold pending seller compliance requirements. The auditor issued an unmodified (clean) opinion on both standalone and consolidated financials.
The sharp revenue and profit growth, combined with an improving order book of ~₹1,400 crore and clean audit opinion, signals solid fundamentals. The fund raise authorization and capacity expansions indicate aggressive growth positioning, though promoter dividend waiver temporarily reduces immediate cash returns to minority shareholders.