Quality Power reports ₹10,070 million revenue for FY26, marking 156.9% growth

Business Desk — Wed, 13 May 2026 16:59:10 +0000

Quality Power Electrical Equipments Limited has reported a significant increase in its financial performance for the fiscal year ending March 31, 2026. The company achieved a consolidated annual revenue of ₹10,070 million, marking a remarkable 156.9% year-on-year growth. The fourth quarter revenue stood at ₹3,098 million, reflecting a 138.5% increase compared to the same period last year.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for FY26 reached ₹2,362 million, a 97.8% increase year-on-year. The fourth quarter EBITDA was ₹593 million, up by 56.5% from the previous year. Despite the growth, the EBITDA margin for the year decreased to 23.5% from 30.5% in FY25.

Quality Power’s profit before tax (PBT) for FY26 was ₹2,164 million, up by 92.8% from the previous year. The profit after tax (PAT) for the fiscal year was ₹1,855 million, representing an 85.3% increase year-on-year. The PAT margin for FY26 was 18.4%, down from 25.6% in FY25.

The company closed FY26 with an order book exceeding ₹14,000 million, which is approximately 1.4 times its FY26 revenue. This strong order book provides forward visibility into FY27 and beyond. The company has made significant strides in expanding its presence across strategic international markets, including North America, Europe, the Middle East, and Asia-Pacific.

Quality Power continues to invest in capacity expansion, manufacturing integration, and advanced testing infrastructure. The development of a new Global Coil Manufacturing Facility at Sangli is underway, which is expected to enhance the company’s capabilities in HVDC and FACTS applications.

The company faces challenges such as raw-material constraints and input pricing variability due to geopolitical turbulence. However, it is actively mitigating these through long-term supplier agreements, dual-sourcing, and vertical integration.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

HVDC | Business Upturn

Quality Power reports ₹10,070 million revenue for FY26, marking 156.9% growth