Quality Power Reports Strong Q1 FY2027 Results; Revenue Up 32.1% YoY, Adjusted PAT Margin Hits 21.3%

Quality Power Reports Strong Q1 FY2027 Results; Revenue Up 32.1% YoY, Adjusted PAT Margin Hits 21.3%​

Sangli, Maharashtra, August 9, 2026: Quality Power Electrical Equipments Limited (BSE: 544367; NSE: QPOWER), a leading manufacturer of critical energy transition equipment and power technologies in India, announced its consolidated financial results for the quarter ended June 30, 2026. The company reported robust growth across key metrics, driven by sustained demand in high voltage and power quality portfolios.

The Group reported total revenue of ₹2,564 million, marking a year-on-year increase of 32.1%. Adjusted EBITDA stood at ₹725 million, which is a 49.8% rise compared to the previous year, translating to an adjusted margin of 28.3%. Similarly, adjusted profit after tax (PAT) reached ₹545 million, reflecting a 47.2% increase year-on-year and yielding an adjusted PAT margin of 21.3%.

The company provided two sets of financial reporting: the reported basis under Indian Accounting Standards (Ind AS), and an adjusted basis that excludes a non cash net monetary loss arising from Ind AS 29 application in its Turkish operations, which are classified as a hyperinflationary economy.

Financial Performance Overview​

The following table details the key consolidated operational metrics for Q1 FY2027:


The reconciliation of the reported and adjusted measures showed that the Ind AS 29 net monetary loss, amounting to ₹78 million, was added back at the EBITDA level to arrive at the adjusted financial figures.

Order Book and Strategic Initiatives​

As of June 30, 2026, the Group held a consolidated order book of ₹19,455 million. This figure represents approximately 1.9 times the FY2026 consolidated revenue, indicating strong forward visibility across FY2027 and beyond.

The company secured several significant orders during the quarter, including:

• A contract for high voltage reactors totaling ₹48.3 crore for a data centre project in the United States.
• A FACTS system and equipment order worth ₹40.9 crore secured by Endoks in Japan.
• ₹15.70 crore of 400 kV instrument transformer orders awarded to Mehru from Hitachi Energy India Limited.

Strategic developments included the progression of a proposed acquisition of Winwin Speciality Insulators Limited, for which a term sheet was executed in June 2026 valuing the company at approximately ₹315 crore.

Operational expansion initiatives are also underway:

• The Sangli manufacturing expansion is proceeding, with machinery installation completed and trial production targeted for August 2026.
• The HVDC CTC magnet wire facility is advancing, with machinery installation scheduled to commence in August 2026.
• Endoks' facility expansion in Turkey is progressing, having completed civil construction and with interior fit out underway. This expansion aims to establish advanced instrument transformer manufacturing capability in Europe, with power conversion system operations anticipated starting in Q3 FY2027.

Market Standing and Outlook​

Mr. P. T. Pandyan, Chairman and Managing Director, stated that the results reflect continued execution momentum and sustained demand for high voltage and energy transition solutions. He highlighted the growing convergence of digital infrastructure and power needs, noting that data centres, renewable integration, and transmission network expansion are driving investment in grid technology.

The order book is diversified across various geographies and technology segments, underpinned by long cycle, high engineering content projects from global utilities and transmission system operators.

Quality Power remains committed to building a globally relevant, technology-driven high voltage equipment company. The Group also announced an interim dividend of ₹0.25 per equity share for FY2027.

The order book breakdown across segments is as follows:


The company continues to address challenges such as raw material constraints and variable input pricing by implementing long-term supplier agreements and pursuing vertical integration through its new facilities.

QPOWER Stock Price Movement​

On Friday, shares of Quality Power Electrical Equipments Limited shed value, sinking 3.63% from the previous close to settle at ₹1124.10. The stock traded for 117,936 shares as it closed lower in the capital goods sector.