Quality Power Q4 FY26 results: sales up 60%, PAT up 94%

What the March 2026 quarter showed

Quality Power Electrical Equipments reported a strong set of standalone numbers for the quarter ended March 2026, led by sharp growth in revenue and operating profit. Net sales came in at ₹70.89 crore, up 60.26% from ₹44.23 crore in the March 2025 quarter. Net profit rose to ₹16.48 crore from ₹8.51 crore, a year-on-year increase of 93.71%. EBITDA nearly doubled to ₹22.51 crore from ₹11.32 crore, up 98.85% year-on-year. Earnings per share (EPS) increased to ₹2.13 from ₹1.17 over the same period. On the market side, Quality Power shares closed at ₹1,217.60 on May 11, 2026 on the NSE.

Standalone revenue and profit in context

The March 2026 quarter continued a run of sequential improvement visible in the company’s standalone operating income line. Standalone net sales were ₹57.71 crore in December 2025, rising to ₹70.89 crore in March 2026. The March 2025 quarter, used as the year-ago base, stood at ₹44.23 crore, highlighting the pace of expansion over 12 months. The EBITDA jump broadly tracked the sales growth, indicating stronger operating leverage in the standalone business. The profit increase was even sharper than EBITDA growth, with net profit almost doubling year-on-year. EPS rose in line with profitability, moving from ₹1.17 to ₹2.13.

Key cost lines from the standalone statement

The cost structure disclosed in the standalone table shows raw material consumption rising alongside the topline. Consumption of raw materials was ₹37.57 crore in March 2026 versus ₹28.33 crore in December 2025 and ₹22.40 crore in March 2025. Employee cost was ₹8.84 crore in March 2026, compared with ₹7.03 crore in December 2025 and ₹7.27 crore in March 2025. Depreciation was ₹0.81 crore in March 2026, up from ₹0.68 crore in December 2025 and ₹0.64 crore in March 2025. Other operating income is shown as “--” in the provided table.

Snapshot table: standalone quarterly figures

Note: EBITDA, net profit, and EPS for Dec 2025 are not provided in the standalone table excerpt.

Promoter holding remains steady

The company’s shareholding snapshot in the provided text indicates no change in promoter ownership during the March 2026 quarter. Promoter holding remained unchanged at 73.91% in the March 2026 quarter. For investors, a stable promoter holding is one of the data points tracked alongside quarterly performance and valuation.

Consolidated performance references also show sharp growth

Alongside the standalone March-quarter update, the text also includes consolidated performance references from earlier periods. For December 2025, consolidated net sales are cited at ₹283.99 crore, up 291.25% year-on-year. Another consolidated performance snapshot states net profit increased to ₹38.9 crore from ₹13.8 crore year-on-year, with revenue of about ₹280 crore and EBITDA of ₹79.1 crore, and an EBITDA margin of 27.85%. Separately, Q2 FY26 consolidated revenue is stated at ₹218.90 crore, representing 112% year-on-year growth, with an order book of ₹830 crore.

Consolidated tables: Q2 and Q3 FY26 highlights (as stated)

The consolidated tables included in the text also provide a broader trajectory across FY26. For Q3 FY26, total revenue is stated at ₹284.3 crore versus ₹79.7 crore in Q3 FY25, with year-on-year growth of 256.5%. For Q2 FY26, total revenue is shown at ₹218.9 crore versus ₹103.1 crore in Q2 FY25, a year-on-year rise of 112.4%. The 9M FY26 total revenue line is stated at ₹697.2 crore compared with ₹262.5 crore in 9M FY25, a year-on-year growth of 165.7%. These consolidated figures sit alongside the standalone March quarter print and help frame the wider scale of operations referenced in FY26.

Management commentary themes cited in the text

The provided text includes excerpts of management commentary that point to demand and execution as key drivers. The commentary states that topline growth reflected sustained demand across product lines and strong execution across entities. It also references consolidated expenditure being higher due to consolidation, while noting core cost structures as stable. The same commentary flags quarter-on-quarter moderation being linked to a one-time forex gain in the previous quarter. These statements, as presented, align with the strong year-on-year jumps shown in the consolidated and standalone performance lines.

Market impact: what investors can directly take away

From the March 2026 standalone quarter, the most direct investor signals are the 60.26% sales growth and 93.71% profit growth year-on-year, alongside the near-doubling of EBITDA. The sequential increase in standalone revenue from ₹57.71 crore in December 2025 to ₹70.89 crore in March 2026 provides an additional data point on momentum. The share close of ₹1,217.60 on May 11, 2026 offers a reference level for market pricing around the results period. The text also states the company’s market capitalisation at ₹5,278.20 crore, placing the quarterly numbers in a market-value context. Promoter holding at 73.91% remaining unchanged is another factual update that investors often track during quarterly cycles.

Analysis: why this quarter matters

The March 2026 standalone quarter is notable because revenue growth translated into a sharper expansion in EBITDA and net profit. With EBITDA up 98.85% against a 60.26% rise in sales, the results imply improved operating leverage in the standalone business during the period. The cost lines presented, such as raw materials and employee costs, moved up in absolute terms as the company scaled revenue, but the operating profit still increased strongly. The consolidated references included in the text indicate that FY26 also featured significant year-on-year expansion at the group level, including Q2 and Q3 revenue prints above ₹200 crore per quarter and an order book of ₹830 crore cited for Q2 FY26. Taken together, the standalone March-quarter numbers and the consolidated FY26 references point to a year marked by rapid scaling across reported segments.

Conclusion

Quality Power Electrical Equipments’ standalone March 2026 quarter showed sales of ₹70.89 crore and net profit of ₹16.48 crore, with EBITDA at ₹22.51 crore and EPS at ₹2.13. The company also reported that promoter holding stayed unchanged at 73.91% in the March 2026 quarter. In the background, the consolidated figures cited for FY26 indicate a period of strong year-on-year expansion and a reported order book of ₹830 crore in Q2 FY26. Investors will typically watch for subsequent quarterly filings and any additional disclosures that reconcile standalone and consolidated trends over the next reporting cycles.