India March 18, 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 December 31, 2024.
Q3 & 9M FY2025 Key Performance Highlights (Consolidated):
- Q3 FY25 Revenue from Operations stood at ₹726 million (₹72.6 crore)
- Q3 FY25 EBITDA for the quarter was ₹174 million (₹17.4 crore), marking a 63.2% Y-o-Y growth, with EBITDA margins expanding to 24.0%
- Q3 FY25 Profit After Tax (PAT) increased by 44.6% Y-o-Y to ₹196 million (₹19.6 crore), with PAT margins reaching 24.5%
- Company holds an order backlog of ₹5,170 million (₹517 crore) and an immediate order pipeline of ₹7,000 million (₹700 crore), with contributions from Quality Power Equipments, Endoks, and Mehru
- Acquired the majority stake of 51% in Mehru Electrical & Mechanical Engineers for ₹1,200 million (₹120 crore)
- The Board approved investments for new manufacturing facilities at E-5, E-6 in Sangli and Cochin to strengthen the Power Products business.
- Approval for a ₹125 crore soft loan from Promoter Directors at Repo + 0.5% (7% p.a.) with a 15-year tenure and a 2-year moratorium, offering flexible, penalty-free prepayment
- A dedicated M&A Committee has been formed, chaired by Mr. Bharanidharan Pandyan (Jt. Managing Director), to evaluate expansion and acquisition opportunities
- The Board has authorized the M&A Committee to conduct due diligence and finalize terms for acquiring a majority stake in STATCON Energiaa, with details to be disclosed post-agreement
Q3 & 9M FY2025 Financial Performance Summary (Consolidated)
|
Rs. in Mn. |
Q3 FY25 |
Q3 FY24 |
Y-o-Y (%) |
Q2 FY25 |
Q-o-Q (%) |
9M FY25 |
9M FY24 |
Y-o-Y (%) |
|
Revenue from Operations |
725.9 |
1,420.6 |
(48.9) % |
943.1 |
(23.0) % |
2,283.2 |
2,626.2 |
(13.1) % |
|
|
|
|
|
|
|
|
|
|
|
Gross Profit* |
355.9 |
407.7 |
(12.7) % |
368.7 |
(3.5) % |
994.7 |
833.4 |
19.4% |
|
Gross Margin% |
49.0% |
28.7% |
|
39.1% |
|
31.7% |
43.6% |
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA* |
174.1 |
106.7 |
63.2% |
80.8 |
115.6% |
490.5 |
178.8 |
174.4% |
|
EBITDA Margin% |
24.0% |
7.5% |
|
8.6% |
|
21.5% |
6.8% |
|
|
|
|
|
|
|
|
|
|
|
|
PBT |
218.3 |
146.0 |
49.5% |
141.4 |
54.3% |
766.7 |
415.6 |
84.5% |
|
PBT Margin% |
27.4% |
9.7% |
|
13.7% |
|
29.2% |
14.1% |
|
|
|
|
|
|
|
|
|
|
|
|
PAT |
195.7 |
135.3 |
44.6% |
134.3 |
45.7% |
696.5 |
379.6 |
83.5% |
|
PAT Margin% |
24.5% |
9.0% |
|
13.0% |
|
26.5% |
12.9% |
|
Commenting on Company’s performance, Mr. Bharanidharan Pandyan, Jt. Managing Director, Quality Power Electrical Equipments Ltd, said:
“With the successful completion of our IPO in February 2025, raising ₹8,586 million (₹858.6 crore), we have entered a new phase of growth, well-positioned to drive operational excellence, innovation, and financial discipline. The capital raised is being strategically deployed towards capacity expansion, technological advancements, and targeted acquisitions, strengthening our foundation for sustained growth in an evolving power landscape.In Q3 FY2025, our performance showcased resilience and operational efficiency. Revenue from Operations stood at ₹726 million (₹72.6 crore), impacted by project execution cycles and variations in demand across business segments. However, our focus on cost optimization, supply chain efficiencies, and a favorable business mix resulted in EBITDA growth of 63.2% YoY to ₹174 million (₹17.4 crore), with margins expanding to a record 24.0%. PAT rose by 44.6% YoY to ₹196 million (₹19.6 crore), reinforcing our profitability-driven approach. We maintained a strong order backlog of ₹5,170 million (₹517 crore) and an immediate order pipeline of ₹7,000 million (₹700 crore), underscoring sustained demand for our solutions across Quality Power Equipments, Endoks, and Mehru.
As part of our post-IPO strategy, we completed the acquisition of a 51% majority stake in Mehru Electrical & Mechanical Engineers for ₹1,200 million (₹120 crore). This acquisition significantly enhances our capabilities in high-voltage instrument transformers up to 500kV, expanding our market reach across India, Southeast Asia, and Africa. Mehru’s strong R&D and manufacturing expertise unlock synergies, driving efficiency, technological innovation, and deeper market penetration.
To sustain our growth momentum, we are investing in state-of-the-art manufacturing facilities at E-5 and E-6 in Sangli, along with a new facility in Cochin, further strengthening our Power Products business. Additionally, we have secured a ₹1,250 million (₹125 crore) soft loan from Promoter Directors, ensuring financial flexibility to execute our expansion plans efficient. We continue to explore inorganic growth opportunities, with our dedicated M&A Committee actively evaluating potential acquisitions. The Board has authorized due diligence for acquiring a majority stake in STATCON Energiaa, which will further enhance our portfolio in advanced power solutions.
As we embark on this new chapter as a publicly listed company, our strategic priorities remain centered on expanding manufacturing capabilities, enhancing our product portfolio, and driving innovation through R&D investments. Our commitment to delivering sustainable growth, creating long-term value for our shareholders, and maintaining investor confidence remains unwavering. We are focused on executing our strategy with discipline and look forward to driving continued success for our customers, investors, partners, and stakeholders