Quality Power Electrical Equipments Ltd Reports 8% Revenue Growth in FY2024-25, Unveils Global Expansion Plans

Quality Power Electrical Equipments Ltd, a global player in high-voltage power equipment, has reported an 8% growth in consolidated revenue, reaching ₹392 Crores in FY2024-25. The company's profit after tax surged by 74% to ₹101 Crores. The balance sheet is the strongest it has ever been, with reserves growing fourfold and net debt reduced by 77%. The company has a robust consolidated order backlog of almost ₹750 Crores. Quality Power Electrical Equipments Ltd successfully type-tested the world's largest three-phase MSR at 200 MVAR and passed type-testing for HVDC converter reactors for a global customer in the first attempt. The company is expanding its global footprint, having onboarded new, marquee customers and utilities from Sweden, Finland, South Korea, Australia, and across the Middle East. The company is undertaking a significant capacity expansion at its Sangli facility, aiming to increase production capacity nearly nine-fold over the next 18 months. The promoters have decided to waive dividends to conserve vital capital for this growth cycle.