The orders have been awarded by a domestic entity. However, the name of the awarding entity has not been disclosed due to a non-disclosure agreement (NDA), the company clarified.
The contracts pertain to the supply of HVDC reactors and are scheduled to be executed over a period of approximately 18 months.
The company further stated that the promoter, promoter group, and group companies have no interest in the entity awarding the orders. It also confirmed that the contracts do not fall under related party transactions.
Quality Power Electrical Equipment is engaged in the business of energy transition equipment and power technologies.
The company’s consolidated net profit zoomed 220.69% to Rs 62.76 crore in Q3 FY26 as against Rs 19.57 crore in Q3 FY25. Revenue from operations jumped 291.27% to Rs 283.99 crore in Q3 FY26 as against Rs 72.58 crore in Q3 FY25.
The counter declined 3.99% to end at Rs 868.15 on the BSE.