The company confirmed that the promoter, promoter group, or group companies have no interest in the entity that awarded the orders, and the contracts do not fall under related party transactions.
Also Read: Quality Power bags ₹146 crore power equipment orders; expects FY revenue to cross ₹900 crore
This week, Quality Power Electrical Equipments said it expects revenue for the year to exceed its earlier guidance, supported by steady performance in its core power equipment business and improving margins “We would like to be conservative on the guidance… we should be expecting ₹900 crore plus for this year,” said Bharanidharan Pandyan, Joint Managing Director of the company, adding that margins are expected to remain above 22%.Pandyan said margins improved at the Mehru acquisition, rising from around 5% to nearly 15–16% within nine months. However, rising metal prices such as copper and aluminium continue to influence cost structures. He added that the company’s high-voltage power equipment and power electronics segments remain key margin drivers, operating close to the 30% level, helping overall profitability stay above guidance levels.
On raw material trends, Pandyan said price volatility has largely stabilised. “The worst is behind us, especially on the metal side,” he said, indicating limited expectation of further cost shocks in the near term.
Quality Power’s upcoming manufacturing facility, which has a revenue potential of about ₹1,500 crore, is expected to begin trial production in June. The plant will undergo global audits and approvals before reaching full utilisation.
Also Read: Quality Power IPO: Should you subscribe to the ₹859 crore issue opening today?
Shares of Quality Power Electrical Equipments Ltd ended at ₹868.15, down by ₹36.10, or 3.99%, on the BSE.
