Quality Power FY26 Revenue Surges 157% to ₹10,070 Cr; Order Book Exceeds ₹14,000 Cr
Quality Power reported FY26 revenue of ₹10,070 Million (₹1,007 Cr), up 157% YoY. Q4 FY26 revenue was ₹3,098 Million (₹309.8 Cr), up 138.5% YoY. The order book exceeds ₹14,000 Million (₹1,400 Cr). PAT for FY26 was ₹1,855 Million (₹185.5 Cr), up 85.3% YoY.
The announcement details substantial financial performance improvements and a record-breaking order book, which are material events for investors and indicate strong growth potential.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT for both the quarter and the full fiscal year. The strong order book also indicates positive future prospects.
Quality Power Electrical Equipments Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026.
For the full fiscal year 2026, the company achieved a record consolidated annual revenue of ₹10,070 Million (₹1,007 Crore), marking a significant year-on-year increase of 156.9%. EBITDA for the fiscal year stood at ₹2,362 Million (₹236.2 Crore), up 97.8% year-on-year. Profit After Tax (PAT) for FY26 was ₹1,855 Million (₹185.5 Crore), an increase of 85.3% compared to the previous year.
In the fourth quarter of FY26, total revenue was ₹3,098 Million (₹309.8 Crore), a substantial rise of 138.5% compared to Q4 FY25. EBITDA for the quarter was ₹593 Million (₹59.3 Crore), up 56.5% year-on-year. PAT for Q4 FY26 was ₹506 Million (₹50.6 Crore), a 65.7% increase over the same period last year.
The company's order book has exceeded ₹14,000 Million (₹1,400 Crore), approximately 1.4 times its FY26 revenue, providing strong visibility into FY27 and beyond. The results include a technical footnote regarding Endoks, its Turkish subsidiary, where ₹25.7 crore was recognized under other expenses due to hyperinflationary accounting, a non-monetary adjustment.
Key business highlights for FY26 include crossing the ₹10 billion revenue mark for the first time, closing FY26 with a robust order book, sustained execution across various customer categories like HVDC, FACTS, BESS, and Data Centres, and continued capital deployment for capacity expansion and manufacturing integration. The company is also progressing with its new Global Coil Manufacturing Facility in Sangli.
Mr. P.T. Pandyan, Chairman & Managing Director, highlighted FY2026 as a defining year, emphasizing the transformation into a technology-driven power infrastructure company. He noted the strategic importance of the new manufacturing facility for advanced HVDC and FACTS coil technologies and the company's increasing capabilities in digital design simulation and grid stability solutions. He also mentioned investments in localization, vertical integration, and strengthening technical teams and infrastructure. The Q4 figures also include one-time provisions related to the implementation of new Labour Codes.
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