Quality Power Electrical Equipments Limited has reported its highest-ever quarterly financial performance for the third quarter of FY2026, driven by strong execution of high-voltage equipment orders and improved capacity utilisation.
For the quarter ended December 31, 2025, the company recorded total revenue of ₹2,843 million, marking a 256.5% year-on-year increase compared to ₹797 million in Q3 FY25. EBITDA stood at ₹793 million, up 222.7% from ₹246 million in the corresponding quarter last year. Profit after tax rose to ₹628 million, registering a 220.7% increase from ₹196 million a year earlier.
During the first nine months of FY2026, the company reported revenue of ₹6,972 million, up 165.7% year-on-year. EBITDA reached ₹1,770 million, while profit after tax stood at ₹1,350 million for the period.
The company stated that the strong performance was supported by the execution of high-voltage equipment orders across HVDC, FACTS, reactors, and instrument transformer product lines. Margins benefited from higher capacity utilisation, scale advantages, and a higher share of export and project-linked supplies.
Quality Power’s consolidated order book stood at approximately ₹8,950 million, providing revenue visibility across multiple product categories and geographies.
As part of its growth strategy, the company completed the acquisition of a 50% equity stake in Sukrut Electric Company Private Limited, forming a joint venture with Yash Highvoltage Limited. The partnership is expected to support product range expansion, cross-supply opportunities, and closer alignment with OEM and utility requirements.
On the manufacturing front, expansion initiatives are progressing as planned. The construction timeline for the Sangli plant has been advanced to June 2026 from September 2026 earlier. Capacity expansion at the Cochin facility has been completed and is now operational, while capacity enhancement at the Mehru Bhiwadi plant is underway, with full completion targeted by Q4 FY2026.
The company noted that demand for advanced transmission and grid support equipment continues to be driven by investments in new transmission capacity and upgrades to existing networks, supporting renewable energy integration and grid stability.
