Announcement under Regulation 30 (LODR)- Investor Presentation
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Quest Flow Controls Ltd (formerly Meson Valves India) filed its H1 FY26 (ended 30 Sept 2025) investor presentation with BSE. Standalone net sales fell to ₹24.18 Cr from ₹31.61 Cr YoY, while EBITDA margin improved to 26.51% from 23.33%. Standalone PAT dropped sharply to ₹1.5 Cr (vs ₹4.17 Cr) due to a one-time ₹2.59 Cr royalty payment to Meson classified as an exceptional item; consolidated PAT fell to ₹1.12 Cr. The order book crossed ₹100 Cr, driven by recent wins including a ₹19.89 Cr BHEL ESD order, a ₹23.55 Cr GRSE naval order, and a first order from Mazagon Dock Shipbuilders for submarine fuel system valves. The company also announced a 45% stake ($600,000 cash investment) in Houston-based Quest Flow Controls LLC for US market entry, led by ex-Flowserve veteran Richard Coleman. Management acknowledged temporarily compressed consolidated margins due to US tariff-related shipment delays and team expansion costs, expecting a meaningful positive turnaround in the next 12-18 months.
Sharply lower YoY PAT (especially standalone, hit by the one-time royalty) is a near-term negative, but the strong order pipeline from defence and naval clients plus the US market entry signal growth potential. Margin recovery guidance over 12-18 months provides a forward-looking positive, though execution of the US venture and tariff headwinds remain key risks.