Quality Power Electrical Equipments Limited has informed the Exchange regarding a press release dated May 13, 2026, titled "Press release pertaining to the financial results of the quarter and year ended on 31st March2026.".
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Quality Power Electrical Equipments Limited reported record FY2026 results with consolidated revenue crossing ₹10,070 million (up 156.9% YoY). EBITDA reached ₹2,362 million (up 97.8% YoY) though EBITDA margin compressed to 23.5% from 30.5% in FY25 due to hyperinflation accounting adjustment of ₹25.7 crore for Turkish subsidiary Endoks. Q4 standalone revenue was ₹3,098 million (up 138.5% YoY) but EBITDA margin declined to 19.1% versus 29.1% in Q4 FY25, partly due to one-time provisions for new Labour Code implementation. The company closed FY26 with an order book exceeding ₹1,400 crore (~1.4x revenue), providing strong forward visibility. Key wins included HVDC projects in India and Australia, BESS orders in Europe, FACTS equipment across multiple regions, and first orders for U.S. hyperscale data centre high-voltage interconnect equipment. Management highlighted structural tailwinds from global grid modernisation and energy-transition capex but noted ongoing raw-material constraints in electrical steel, copper and specialised insulation systems.
Revenue growth is exceptional at 157% but margin compression signals execution cost pressures. The ₹1,400+ crore order book (~1.4x revenue) provides strong revenue visibility into FY27. Margin normalisation and labour provisions in Q4 may weigh on near-term sentiment despite record annual performance.