QUALITY POWER Q2 FY27: ₹2,010 CR ORDER BOOK; EBITDA UP 70% YOY, PAT UP 80%, NEW SANGli & TÜRKİYE FACTORIES COMMISSIONED

• Quarterly Results: Total revenue increased 34.1% YoY and 14.5% QoQ to ₹294 Cr, EBITDA surged 70.3% YoY and 29.9% QoQ to ₹84 Cr, while PAT jumped 80.1% YoY and 35.5% QoQ to ₹63 Cr • Margin Expansion: EBITDA margin improved to 28.6% from 22.5% YoY and 25.2% QoQ, supported by strong growth across high-voltage equipment businesses • Order Book: Consolidated order book stood at approximately ₹2,010 Cr, providing revenue visibility across FY27 and beyond • Order Book Breakdown: Endoks ₹800 Cr, Mehru ₹610 Cr, Quality Power ₹602 Cr and Others ₹5 Cr as of September 2026 • New Sangli Factory: Global Coil Factory commenced manufacturing on October 20, 2026, producing high-voltage reactors and specialised coils for HVAC, HVDC, FACTS and renewable energy applications • Türkiye Manufacturing Expansion: Power Conversion Systems facility commenced operations on October 16, 2026, manufacturing converters and inverters for utility-scale Battery Energy Storage Systems • Capacity Ramp-Up: Management plans to progressively scale production at both new facilities, improve manufacturing throughput and complete customer qualifications • Winwin Acquisition: Signed agreement to acquire up to 100% of Winwin Speciality Insulators, subject to approvals, expanding its high-voltage transmission equipment portfolio • Winwin Business Opportunities: Completed porcelain insulator testing up to 400 kV and secured qualifications and orders for 800 kV HVDC, 765 kV and 400 kV applications • International Orders: Endoks secured a significant FACTS equipment order in Japan, while Mehru received multiple 400 kV instrument transformer orders from Hitachi Energy India • US Data Centre Business: Received initial orders for high-voltage interconnection equipment for hyperscale and AI data centre campuses in the United States • Global Order Pipeline: Growing opportunities in HVDC, FACTS, high-voltage equipment and grid-scale battery storage across the Americas, Europe, Middle East and Asia-Pacific • H1 Performance: Total revenue increased 33.2% YoY to ₹550 Cr, EBITDA grew 52.2% to ₹149 Cr and PAT increased 52.4% to ₹110 Cr • Future Growth Plans: Focused on grid modernisation, renewable integration, HVDC transmission, energy storage, international expansion and high-voltage manufacturing capabilities • Operational Challenges: Copper, electrical-grade steel and specialised insulation costs remain key risks for manufacturing profitability and project execution • FY27 Guidance & Capex: Management expects encouraging demand and continued capacity ramp-up but has not disclosed quantified FY27 revenue growth, EBITDA margin or fresh capex targets in this release

QUALITY POWER ELEC EQUP L

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