Press Release

October 31, 2026 To, To, National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Bandra-Kurla Complex, Bandra (East), Towers, Dalal Street, Mumbai – 400051 Fort, Mumbai – 400001 NSE Symbol: QPOWER BSE Scrip Code: 544367 ISIN: INE0SII01026 Dear Sir/ Ma'am, Subject: Press release pertaining to the financial results of Quarter and Half Year Ended on 30th September 2026. We hereby submit the Press Release of the financial results of the Company for the Quarter and Half Year Ended September 30, 2026. Also, this information will be uploaded on the website of the Company at www.qualitypower.com Request you to kindly take the above on record. Thanking You, For QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED Deepak Ramchandra Suryavanshi Company Secretary and Compliance Officer ICSI Membership No.: A27641 Place: Sangli QUALITY P OWER EARNINGS RELEASE Q2 & H1 FY2027 Electrical Equipments Limited TOTAL REVENUE EBITDA PAT ORDER BOOK Rs. 294 Cr Rs. 84 Cr Rs. 63 Cr Rs. 2,010 Cr Up 34.1% YoY Up 70.3% YoY Up 80.1% YoY as on date 28.6% margin 21.6% margin Sangli, Maharashtra, XX November 2026. Quality Power Electrical Equipments Limited (“Quality Power” or the “Company”) (BSE: 544367; NSE: QPOWER), one of India's leading companies in critical energy transition equipment and power technologies, today announced its unaudited consolidated financial results for the quarter ended 30 September 2026, following approval by the Board of Directors. Q2 & H1 FY2027 CONSOLIDATED FINANCIAL PERFORMANCE Particulars Q2 Q2 Y-o-Y Q1 Q-o-Q H1 H1 Y-o-Y (Rs Cr) FY27 FY26 % FY27 % FY27 FY26 % Total Revenue 294 219 34.1% 256 14.5% 550 413 33.2% Gross Profit 134 88 52.6% 121 10.7% 255 172 48.3% Gross Margin (%) 45.6% 40.1% 47.2% 46.4% 41.7% Total EBITDA 84 49 70.3% 65 29.9% 149 98 52.2% Total EBITDA Margin (%) 28.6% 22.5% 25.2% 27.0% 23.7% PBT 77 44 74.1% 59 29.9% 137 89 54.2% PBT Margin (%) 26.3% 20.3% 23.2% 24.8% 21.5% PAT 63 35 80.1% 47 35.5% 110 72 52.4% PAT Margin (%) 21.6% 16.1% 18.2% 20.0% 17.5% All figures in Rs. Cr unless stated otherwise. Gross Profit includes Other Income. Margins are calculated on Total Revenue. Q2 and H1 FY2027 BUSINESS HIGHLIGHTS ▪ Revenue growth of 34.1% year on year to Rs. 294 Cr, driven by continued demand across the Group's high- voltage equipment and power quality portfolios. ▪ EBITDA growth of 70.3% year on year to Rs. 84 Cr, with EBITDA margin expanding to 28.6% from 22.5% in Q2 FY26 ▪ Strong H1 FY2027 performance, with revenue increasing 33.2% year on year to Rs. 550 Cr, while EBITDA and PAT grew 52.2% and 52.4% to Rs. 149 Cr and Rs. 110 Cr, respectively ▪ Order book of approx. Rs. 2,010 Cr as on date, providing visibility across FY2027 and beyond ▪ The Company completed confirmatory due diligence on Winwin Speciality Insulators Limited, with no adverse findings reported, and subsequently executed a Share Purchase Agreement on 23 September 2026 for the proposed acquisition of up to 100% stake ▪ Winwin Speciality Insulators business making operational progress, with type testing completed for porcelain insulators up to 400 kV and qualifications and orders secured for 800 kV HVDC, 765 kV and 400 kV applications, strengthening its capabilities across high voltage transmission applications ▪ Global Coil Factory at Sangli commenced manufacturing operations on 20 October 2026, strengthening the Group's manufacturing capabilities in high voltage air core dry type reactors and specialised coil products for HVAC, HVDC, FACTS and renewable energy applications ▪ Power Conversion Systems (PCS) manufacturing facility in Türkiye commenced operations on 16 October 2026, focusing on power electronic converters and inverters for utility scale Battery Energy Storage Systems (BESS) and other grid connected applications, supporting the execution of the Group's international BESS order book ORDER BOOK AND FORWARD PIPELINE ORDER BOOK (Rs. Cr) Endoks Mehru Quality Power Others As on 30 September 2026 800 610 602 5 The Group has a consolidated order book of Rs. 2,010 Cr approx. The book is well diversified across geographies and technology segments and is anchored by long cycle, high engineering content projects awarded by global utilities, transmission system operators, original equipment manufacturers and engineering, procurement and construction contractors. The Group continued to strengthen its order pipeline across key technology segments and geographies, with notable wins in HVDC, FACTS and high voltage equipment. These include progress across both line commutated converter and voltage source converter technologies, new FACTS project and equipment wins across the Americas, Europe, the Middle East and Asia Pacific, and initial orders for high voltage interconnect equipment catering to hyperscale and AI data centre campuses in the United States. The Group has also made progress in grid scale battery energy storage opportunities in Europe, supported by customer qualifications and tender conversions. These developments reflect the growing demand for grid modernisation, renewable energy integration, transmission capacity and grid stability solutions. OUTLOOK The outlook for Quality Power remains encouraging, supported by sustained investments in grid modernisation, high- voltage transmission, renewable energy integration and energy storage. Rising electricity demand from data centres, industrial expansion and electrification is creating additional requirements for reliable grid connectivity and power quality. These trends, together with planned expansion of transmission networks across India and international markets, are expected to support demand for the Group's high voltage equipment, FACTS and power conversion solutions. Timely execution and capacity ramp up will remain key priorities as the Group addresses a growing opportunity pipeline. Availability and pricing of key raw materials, particularly electrical grade steel, copper and specialised insulation systems, continue to require close attention. The commencement of operations at the new Sangli and Türkiye facilities is expected to strengthen manufacturing capabilities, while the Group remains focused on improving throughput, completing customer qualifications, managing supply chains and maintaining quality standards. MANAGEMENT COMMENTARY Mr. P. T. Pandyan, Chairman and Managing Director, said: “The Group has delivered a strong performance in the second quarter of FY27, supported by business activity across its key segments. Consolidated revenue increased by 38.7% to Rs. 285.45 crore, while profit after tax grew by 80.1% to Rs. 63.33 crore. For the first half of FY27, revenue was Rs. 518.11 crore, registering growth of 35.5%, while profit after tax increased by 52.4% to Rs. 110.05 crore. This performance reflects the strength of our business portfolio, the continued trust of our customers and the efforts of our teams across the Group. During the quarter, we continued to strengthen our presence across the power transmission and grid infrastructure value chain. Our businesses secured important orders across different product categories, including a significant international order for FACTS equipment through our subsidiary Endoks Enerji in Japan and multiple orders for 400 kV instrument transformers through Mehru from Hitachi Energy India. These orders reflect the technical capabilities of our businesses and their ability to serve the requirements of utilities and leading industry participants across domestic and international markets. We have also taken important steps to expand our manufacturing capabilities and broaden our technology offering. The commencement of operations at the Global Coil Factory in Sangli and the PCS manufacturing facility in Niğde, Türkiye, marks meaningful progress in our capacity expansion programme. The Sangli facility is designed to manufacture high voltage air core dry type reactors and specialised coil products, supported by dedicate [Showing first 8,000 characters — download PDF for full document]