Quality Power Electrical Equipments Limited held its Q4 FY25 earnings conference call on May 28, 2025.
The company reported an 18% revenue growth, reaching ₹392 crore, and a 74% growth in profit after tax (PAT) to ₹101 crore for FY25.
Reserves have grown fourfold, and net debt has decreased by 77%.
Cash and bank balances stand at nearly ₹210 crore.
The promoters have extended a ₹125 crore soft credit line at a concessional rate.
The consolidated order backlog stands close to ₹750 crore.
Capex at the Sangli facility will increase production capacity nearly 9-fold within 18 months.
Mehru's capex is on track to deliver 45% additional capacity shortly; order book has surged beyond ₹350 crore.
The company is in advanced negotiations for several international HVDC and FACTS projects.
The company has successfully type-tested the world's largest three-phase MSR at about 200 MVR power.
New customers and utilities have been onboarded from Sweden, Finland, Iraq, Romania, Italy, Brazil, South Korea, Hong Kong, Australia, and across the Middle East.
Minimal exposure to Turkey, with less than ₹8 crore spending offers from the Turkish subsidiary to Indian customers and less than ₹5 crore from Indian companies to Turkish customers.
As promoters, they have decided to waive off their dividends, amounting to approximately ₹5 crore.
The company anticipates the labor force would triple in the next 2 years.
The company is targeting revenue between ₹700 crore and ₹850 crore for the next fiscal year.
Management Commentary: Bharanidharan Pandyan, Joint Managing Director, expressed gratitude to investors for their trust and highlighted the company's dedication to innovation and technological excellence. Rajesh Jayaraman, CFO, emphasized the company's resilience and the strength of its strategy.