Sangli, Maharashtra, May 14, 2026: Quality Power Electrical Equipments Limited (BSE: 544367; NSE: QPOWER), a leading player in critical energy-transition equipment and power technologies, today announced its audited financial results for the quarter and financial year ended March 31, 2026.
The company reported its highest-ever annual consolidated revenue of ₹10,070 million in FY26, marking a robust 156.9% year-on-year growth. EBITDA for the year stood at ₹2,362 million, up 97.8% YoY, reflecting strong operational momentum across key global markets and emerging energy-transition sectors.
Quality Power closed FY26 with an order book exceeding ₹1,400 crore, equivalent to nearly 1.4x of FY26 revenue, providing strong visibility for FY27 and beyond. The company continued to witness sustained demand across HVDC, FACTS, Battery Energy Storage Systems (BESS), data centres, utilities, renewable energy, industrial infrastructure, and power-quality applications.
For Q4 FY26, consolidated revenue rose 138.5% YoY to ₹3,098 million, while PAT increased 65.7% YoY to ₹506 million. FY26 PAT stood at ₹1,855 million, registering an 85.3% increase over the previous year.
The company noted that Q4 FY26 results included one-time provisions related to the implementation of new Labour Codes across its Indian operations and subsidiaries. Additionally, a non-cash accounting adjustment of approximately ₹25.7 crore was recognised under Ind AS 29 for its Turkish subsidiary Endoks due to hyperinflationary accounting requirements. The company clarified that this adjustment does not impact operational performance or cash flows.
During FY26, Quality Power strengthened its presence across North America, Europe, the Middle East, and Asia-Pacific markets through multiple repeat orders from Tier-1 utilities and EPC customers. The company also accelerated investments in manufacturing integration, advanced testing infrastructure, import substitution, and the development of its upcoming Global Coil Manufacturing Facility in Sangli, aimed at enhancing capabilities in HVDC and FACTS applications.
Commenting on the performance, P.T. Pandyan, Chairman & Managing Director, said:
“FY2026 has been a defining year in the evolution of Quality Power. Over the past several years, our focus has been on systematically transforming the organisation from a traditional high-voltage equipment manufacturer into a globally relevant technology-driven power infrastructure company with deeper engineering capabilities, broader product integration and stronger participation across next-generation grid applications.”
He added that the company remains focused on strengthening advanced engineering capabilities, localisation, vertical integration, and technology development to support the rapidly evolving global power infrastructure landscape driven by renewable integration, AI-led data centres, and grid modernisation initiatives.
Looking ahead, the company remains optimistic about long-term growth opportunities supported by rising global investments in grid modernisation, HVDC interconnections, renewable energy integration, energy storage systems, and AI-driven digital infrastructure.