Quality Power Electrical Equipments announced that its material subsidiary, Mehru Electrical and Mechanical Engineers, has secured multiple domestic orders worth approximately ₹15.70 crore from Hitachi Energy India. According to the company's latest exchange filing, the orders are for the supply of 400 kV instrument transformers and are scheduled to be executed over a period of approximately 12 months. The orders are valued exclusive of taxes and represent a significant addition to the company's order book. Following the announcement, Quality Power Electrical Equipments rose 1.39% to ₹1,141.50, reflecting positive market sentiment towards the contract win.
The company has also secured a significant international order through its material step-down subsidiary, Endoks Enerji Anonim Şirketi, for the supply of a FACTS system and equipment in Japan. Valued at approximately ₹40.9 crores exclusive of taxes, this single large order is scheduled for execution by December 2027. The order was awarded by an international entity in Japan, whose name remains undisclosed due to Non-Disclosure Agreements, and falls outside the scope of related party transactions with no promoter interests declared in the awarding entity.
The company confirmed that both domestic and international contracts have been awarded by entities that do not fall under related-party transactions. As reported by Quality Power, it also clarified that neither the promoter, promoter group nor group companies have any interest in the awarding entities for either contract. This ensures proper governance standards and eliminates any potential conflicts of interest across all transactions.
According to the company's financial results, Quality Power Electrical Equipment's consolidated net profit jumped 74.77% to ₹33.94 crore in Q4 FY26, compared with ₹19.42 crore in Q4 FY25. Revenue from operations surged 159.23% YoY to ₹280.80 crore in Q4 FY26. The company is engaged in the business of energy transition equipment and power technologies, positioning it well for future high-voltage transformer orders from domestic and international clients.
Following the contract announcement, Quality Power Electrical Equipments rose 1.39% to ₹1,141.50, indicating positive market sentiment towards the company's strategic partnerships with both Hitachi Energy India and international clients. The stock performance reflects investor confidence in the company's ability to secure high-value orders in the energy transition equipment sector, despite mixed results in previous trading sessions.
