Sangli, May 28, 2025: The Board of Directors at Quality Power Electrical Equipments Limited (BSE: 544367; NSE: QPOWER), one of India’s leading entities in critical energy, transition equipment and power technologies, today approved the financial results for the quarter and year ended March 31, 2024.
Q4 & FY2025 Financial Performance Summary (Consolidated)
| Rs. in Mn. | Q4 FY25 | Q4 FY24 | Y-o-Y
(%) |
Q3 FY25 | Q-o-Q
(%) |
FY25 | FY24 | Y-o-Y
(%) |
| Total Revenue | 1,299 | 457 | 184.5% | 797 | 62.9% | 3,923 | 3,316 | 18.3% |
| PBT | 356 | 217 | 64.0% | 218 | 63.1% | 1,123 | 633 | 77.5% |
| PBT Margin% | 27.4% | 47.5% | 27.4% | 28.6% | 19.1% | |||
| PAT | 305 | 175 | 74.1% | 196 | 55.8% | 1,001 | 555 | 80.5% |
| PAT Margin% | 23.5% | 38.4% | 24.5% | 25.5% | 16.7% |
Q4 & FY2025 Key Performance Highlights (Consolidated):
- Q4 FY25 Total Revenue stood at ₹ 1,299 million
- Q4 FY25 Profit After Tax (PAT) increased by 74.1% Y-o-Y to ₹305 million, with PAT margins reaching 23.5%
FY2025 Key Performance Highlights (Consolidated):
- FY25 Total Revenue stood at ₹ 3,923 million
- FY25 Profit After Tax (PAT) increased by 80.5% Y-o-Y to ₹1,001 million, with PAT margins reaching 25.5%
Q4 and FY2025 Key Operational Highlights:
- Company holds an order backlog of over ₹7,500 million with contributions from Quality Power Equipments, Endoks, and Mehru
- Increasing the equity stake in Nebeskie making the total shareholding up to 26%. This investment underscores our commitment to supporting Nebeskie’s ongoing capital expenditure and technology advancement plans.
- Capital Expenditure and Capacity Expansion initiatives at Bhiwadi, Cochin and E-5, E-6 in Sangli is progressing. With Cochin and E-5, E-6 in Sangli’s expansion is expected to be completed by November 2025 and Q2 FY27 respectively
- In Mehru, given strong domestic and international demand, we are planning an expansion at its Bhiwadi plant, which includes installation of four new autoclaves and relocation of non-critical storage to a dedicated warehouse – expected to increase overall plant capacity by ~45% and the exploration of a new greenfield facility or acquisition opportunity
- Secured Strategic 4-Year Framework Order from Israeli Company for 161kV High Voltage Coil Supply; integrates Mehru products in strategic export contract
- The Board acknowledged the various inorganic growth opportunities assessed by the M&A Committee and has constituted a dedicated task force under the leadership of Mr. Rajendra Iyer. The task force will evaluate strategic fits, product synergies, and alignment with the Group’s long-term objectives before progressing to negotiation stages
Commenting on Company’s performance, Mr. Thalavaidurai Pandyan, Chairman & Managing Director, said:
“FY2024-25 has been a milestone year for the Company, marked significant progress across operational, strategic, and financial parameters. The successful completion of the Initial Public Offering in February 2025, raising ₹8,586 million, has laid a strong foundation for the next phase of growth, enabling focused investments in manufacturing expansion, technology enhancement, and inorganic initiatives.
During the year, the Company completed the acquisition of a 51% majority stake in Mehru Electrical & Mechanical Engineers Pvt Ltd for ₹1,200 million, augmenting capabilities in high- voltage instrument transformers up to 500kV and expanding its presence across India, Southeast Asia, and Africa.
In Q4 FY25, the Company secured two strategic orders: a four-year framework agreement from an Israeli entity for the supply of 161kV high-voltage coils. This order represents a meaningful step in expanding the Company’s global footprint and integrating Mehru’s product portfolio into strategic projects.
The Company achieved its highest-ever order inflow during FY25 with order backlog of over ₹7,500 million as of March 31, 2025, providing revenue visibility over the next 15–18 months. This performance translated into record revenue and profitability in both Q4 and the full year, supported by a diversified order pipeline, timely execution, and improved operational efficiencies.
Strategic investments are underway in new manufacturing units at E-5 and E-6 in Sangli, along with a greenfield facility in Cochin, which will strengthen the Company’s delivery capabilities in the Power Products segment. In parallel, for Mehru Electricals, given strong domestic and international demand, the Board approved both additional CAPEX at the current location and the exploration of a new greenfield facility or acquisition opportunity.
Also, am delighted to announce that as a part of our strategic capital allocation framework, the Board has granted in principle approval for increase in the equity stake in Nebeskie taking the total shareholding up to 26%. This investment underscores our commitment to supporting Nebeskie’s ongoing capital expenditure and technology advancement plans.
As we look ahead to FY2025-26, our focus remains steadfast on long-term value creation, operational excellence and strategic resilience. The evolving market landscape presents new opportunities for innovation and leadership. We are confident in our ability to harness them through prudent capital deployment and customer-centric initiatives. With a strong financial foundation and a unified team across our group companies, we are well positioned to accelerate sustainable growth and deliver superior outcomes for all stakeholders.”