QPOWER Q1 FY27 Income Up 32.1% to ₹256.4 Crore; Order Book Strong at ₹1,945 Crore
Quality Power Electrical Equipments Limited reported Q1 FY2027 total income of ₹256.4 crore, up 32.1% YoY. EBITDA margin was 25.2% and PAT was ₹46.7 crore, up 25.9% YoY. The order book stands at ₹1,945.5 crore. The company is proposing to acquire WSIL for ₹315 crore.
The announcement includes significant financial performance improvements, a substantial order book, and a major proposed acquisition, all of which are material to investors and the company's future.
The company reported strong year-on-year growth in total income and profit, a robust order book, and strategic expansion plans, indicating positive financial performance and future growth prospects.
Quality Power Electrical Equipments Limited has announced its financial results for the first quarter of FY2027, ending June 30, 2026. The company reported a total income of ₹2,564 million (₹256.4 crore), marking a significant year-on-year increase of 32.1%. The EBITDA margin stood at 28.3% before accounting for Ind AS 29 adjustments, with a reported EBITDA of ₹647 million (₹64.7 crore) and a margin of 25.2% including the adjustment. Profit After Tax (PAT) before Ind AS 29 was ₹545 million (₹54.5 crore), up 46.9% YoY, while the reported PAT was ₹467 million (₹46.7 crore), an increase of 25.9% YoY. The application of Ind AS 29 for hyperinflationary accounting in Turkey resulted in a non-cash monetary loss of ₹78.2 million (₹7.82 crore).
The company's order book remained robust, standing at ₹19,455 million (₹1,945.5 crore) as of June 30, 2026, providing visibility into FY2028. Key orders secured during the quarter include high voltage reactors worth ₹48.3 crore for a US data centre project and a FACTS system and equipment order worth ₹40.9 crore for a project in Japan, with execution expected by December 2027.
Strategic developments include a proposed acquisition of Winwin Speciality Insulators Limited (WSIL) for approximately ₹315 crore, subject to due diligence and approvals. This acquisition aims to add high-voltage ceramic insulator manufacturing capabilities up to 1200 kV. Additionally, the company is expanding its manufacturing capacity in Turkey for instrument transformers to serve European markets.
The company also highlighted operational progress, including the ongoing construction of new manufacturing facilities in Turkey and the expected commissioning of its Global Coil Factory in Sangli, Maharashtra, for trial production in August 2026, pending regulatory clearances.
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Quality Power Electrical Equipments Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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