Quality Power Electrical Equipments shared its financial results for the second quarter and first half of fiscal year 2027, highlighting a consolidated order book valued at around Rs 2,010 crore by September 30, 2026.
The company’s total revenue for Q2 FY27 climbed 38.7% to Rs 285.45 crore, while post-tax earnings rose 80.1% to Rs 63.33 crore. Over the first half of FY27, revenue hit Rs 518.11 crore, a 35.5% increase, with net profit after tax up 52.4% at Rs 110.05 crore.
Orders remain spread across different regions and product categories, including Rs 800 crore from Endoks, Rs 610 crore from Mehru, Rs 602 crore from its primary operations, and Rs 5 crore from other divisions.
Recent contracts have strengthened its pipeline, particularly in high-voltage direct current (HVDC) projects, flexible AC transmission systems (FACTS), and high-voltage equipment. Early contracts for high-voltage interconnect solutions were also secured for hyperscale and AI-powered data centers in the U.S.
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The company’s newly operational Global Coil Factory in Sangli began production on October 20, 2026, specializing in high-voltage air-core dry-type reactors and coils for HVAC, HVDC, FACTS, and renewable energy applications.
Additionally, a manufacturing plant for Power Conversion Systems in Türkiye launched on October 16, 2026, producing power electronic converters and inverters designed for large-scale battery energy storage systems.
P.T. Pandyan, Chairman and Managing Director of Quality Power Electrical Equipments, stated, “The Group has delivered a strong performance in the second quarter of FY27, supported by business activity across its key segments.”
He further noted that during the quarter, the group secured significant contracts, including an international FACTS equipment order through Endoks Enerji in Japan and multiple 400 kV instrument transformer orders from Hitachi Energy India via Mehru.