QP

Quality Power Electrical Equipments Ltd

Q1 FY26Electrical Equipment

Quality Power Electrical Equipments Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,306
Market cap₹8.7K Cr
P/E71.9
Updated23 Aug 2026
Read4 min read

The short version

Revenue guidance for FY 2026 is conservatively set between INR 700 crores and INR 800 crores. Quality Power expects significant growth in PAT as synergies from acquisitions like Mehru play out, with Mehru's profitability improving by 47% in its first full quarter post-acquisition.

From Quality Power Electrical Equipments Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Revenue guidance for FY 2026 is conservatively set between INR 700 crores and INR 800 crores.
  • Organic expansion shows strong growth potential; excluding Mehru, Q1 revenue was about INR 130 crores, indicating 9x expansion.
  • New capacities at Cochin and Mehru expected to contribute incremental revenue; Sangli capacity expected to go live next year.
  • Order inflow targeted to add approximately INR 500 crores by year-end, maintaining about one year of order book cover.
  • Global demand for high-voltage equipment, especially above 400 kV, indicates sustained long-term growth.
  • Planned acquisitions and capacity expansions are expected to augment revenue and margins over the next 2-3 years.

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Profitability & Margins

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Capital Expenditure Plans

  • Current capex post-IPO is around INR125 crores, including equipment purchased during IPO (Page 8).
  • New capacity expansions include facilities in Sangli, Cochin, and Mehru expected to be operational by November 2025, with incremental revenue potential contributing to consolidated guidance of INR700-800 crores for FY 2026 (Pages 12, 9).
  • Investment in backward integration like CPC factory (electrical magnet wire) planned to improve supply chain and margins (Page 6).
  • Acquisition strategy remains active, with ongoing talks for technology and culture-fit companies but no concluded deals yet (Page 9).

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • Current order book stands at approximately INR 775 crores.
  • The management aims to maintain about one year to 14 months of order book coverage.
  • Started the quarter with INR 750 crores order book; achieved INR 194 crores in sales and increased order book by INR 25 crores.
  • Additional HVDC orders expected in H2 FY 2026, with a potential increase of INR 500 crores by year-end.
  • Execution timeline for most orders is about 12 to 15 months.

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Quality Power Electrical Equipments Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹281 Cr, net profit ₹51 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Quality Power Electrical Equipments Ltd Q1 FY26 results?

Revenue guidance for FY 2026 is conservatively set between INR 700 crores and INR 800 crores. Quality Power expects significant growth in PAT as synergies from acquisitions like Mehru play out, with Mehru's profitability improving by 47% in its first full quarter post-acquisition.

What is Quality Power Electrical Equipments Ltd share price analysis?

Quality Power Electrical Equipments Ltd currently shows a neutral. The stock trades at a P/E of 71.9 with a market cap of ₹8,722 Cr. Investors should review the full earnings analysis for detailed insights.

Is Quality Power Electrical Equipments Ltd planning capital expenditure?

Current capex post-IPO is around INR125 crores, including equipment purchased during IPO (Page 8).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.