While the name of the awarding organization remains confidential due to a non-disclosure agreement (NDA), the company confirmed that the order has been secured from an overseas client. The execution timeline for the order is approximately 18 months.
In an exchange filing, the company clarified that none of the company’s promoters or members of the promoter group have any interest in the awarding entity. The company further confirmed that the transaction does not fall under the category of related party transactions as per applicable regulatory guidelines.
Quality Power Electrical Equipment specializes in high-voltage power equipment and advanced power quality solutions. The company serves both utilities and industries in their pursuit of grid stability, operational efficiency, and network reliability.
On a consolidated basis, the company’s net profit stood at Rs 37.1 crore in Q1 FY26, up 11% year-on-year and 21.5% higher sequentially. Total revenue was Rs 194.1 crore, marking a 143.6% increase over Q1 FY25 and a 49.4% rise compared with Q4 FY25.
The counter shed 0.33% to Rs 1,064.75 on the BSE.