Quality Power Electrical Equipments Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Quality Power reported strong Q2 FY26 consolidated revenue of INR 218.9 Cr (up 112% YoY) and H1 FY26 revenue of INR 413 Cr (up 126% YoY), exceeding last year's total. EBITDA margins for Q2 were 22.5%. The company maintains its annual revenue guidance of INR 700-800 Cr and 20% EBITDA margins. The order book stands at INR 830 Cr, driven by historic HVDC wins and a robust pipeline. Mehru's margins significantly improved to 12% with a 15% target. Capacity expansion and a GIS technology partnership with Hyosung (commercialization within a year) are key growth drivers. Management is confident in capturing global energy transition and grid modernization opportunities despite supply chain and competition challenges.