Quality Power Hits Historic ₹10 Billion Revenue Milestone in FY26
New Delhi, May 15, 2026: Quality Power Electrical Equipments Limited has reported a record-breaking financial performance for the fiscal year ended March 31, 2026. The company delivered a consolidated annual revenue of ₹10,070 million, representing a massive 156.9% year-on-year increase. EBITDA for the full year rose by 97.8% to ₹2,362 million, while Net Profit (PAT) reached ₹1,855 million, an 85.3% jump over the previous fiscal year, Quality Power said in a press release.
The company maintained strong momentum in its fourth quarter, recording revenue of ₹3,098 million—a 138.5% increase over Q4 FY25. While operational performance remained robust, Q4 margins were impacted by one-time provisions related to the implementation of new Labour Codes across Indian operations and a non-monetary accounting adjustment of ₹25.7 crore at its Turkish subsidiary, Endoks, due to hyperinflationary reporting requirements. Despite these factors, Endoks maintained healthy operating margins above 25%.
Quality Power enters the new fiscal year with its strongest-ever order book of over ₹14,000 million, approximately 1.4 times its FY26 revenue. This growth is anchored by significant breakthroughs in high-growth sectors, including HVDC projects in India and Australia, grid-scale Battery Energy Storage Systems (BESS) in Europe, and a strategic entry into the U.S. data center market. The company is also progressing with its new Global Coil Manufacturing Facility at Sangli to enhance its capacity for advanced power technologies.
Chairman and Managing Director, P.T. Pandyan, described the year as an “inflection point” for the firm. “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,” Pandyan stated.
Looking ahead, the company noted that while global demand for grid modernization and AI-driven infrastructure provides a “super-cycle” of opportunity, execution remains challenged by raw material constraints in copper and electrical-grade steel. To mitigate these risks, the company is focusing on vertical integration and long-term supplier agreements. Pandyan emphasized a long-term view, noting, “Our endeavour remains to build Quality Power with patience, responsibility and a long term orientation towards engineering excellence and global competitiveness.”
