Quality Power Electrical Equipments Ltd
Quality Power Electrical Equipments Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company anticipates significant growth driven by expansion in HVDC, FACTS, GIS, and high-voltage utility products, supported by global energy transition and accelerating grid investments. Quality Power anticipates sustainable top-line growth over the next 4-5 years with EBITDA margins around 20%.
From Quality Power Electrical Equipments Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company anticipates significant growth driven by expansion in HVDC, FACTS, GIS, and high-voltage utility products, supported by global energy transition and accelerating grid investments.
- Guidance for FY26 revenue is INR 750-800 crores, with EBITDA margins around 20%.
- Growth will be fueled by capacity additions, especially through the Mehru subsidiary and upcoming coil factory operational by June 2026.
- Organic and inorganic growth strategies are in place, with potential acquisitions under evaluation aligned with technology depth and valuation discipline.
- Order pipeline is strong, with an active order book of around INR 830 crores, expected to be executed mostly within 12 months.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Quality Power Electrical Equipments Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Mehru subsidiary is undergoing capacity expansion, with equipment being ordered and installed monthly, aiming for about a 45% increase in capacity by March (Page 18).
- New factory opening expected to start taking orders from Q2 of next year, with commercial revenue from end of that year; no pre-committed customers yet, but capacity allocation partnerships possible later (Page 18).
- Backward integration initiatives underway, including adding HVDC magnet wire capacity expected by Q3 next year to reduce supply chain bottlenecks (Page 14).
- Investment in GIS (Gas Insulated Switchgear) product line being developed with Hyosung; commercial products for 220, 400, and 765 kV levels expected within about a year (Page 6, 18, 19).
2 more points management made on capital expenditure plans
Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Quality Power Electrical Equipments Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at around INR 830 crores (Page 4, 11, 18).
- Order book split (approximate): Mehru INR 375+ crores, Quality Power INR 285-290 crores, remaining Endoks (Page 11).
- Order backlog typically does not exceed 12 months (Page 19).
- By Q2 FY 2027, about 95% of the current order backlog expected to be completed (Page 19).
- Strong quotation and tender pipeline across utilities, renewables, data centers, industrial users, providing solid visibility across business lines (Page 4).
2 more points management made on order book & pipeline
Quality Power Electrical Equipments Ltd — Quarterly revenue & net profit
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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What Quality Power El's management said in earlier quarters
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Frequently Asked Questions
What were Quality Power Electrical Equipments Ltd Q2 FY26 results?
The company anticipates significant growth driven by expansion in HVDC, FACTS, GIS, and high-voltage utility products, supported by global energy transition and accelerating grid investments. Quality Power anticipates sustainable top-line growth over the next 4-5 years with EBITDA margins around 20%.
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?
Mehru subsidiary is undergoing capacity expansion, with equipment being ordered and installed monthly, aiming for about a 45% increase in capacity by March (Page 18).
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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.