India's Quality Power falls as weaker demand hits Q3 profit

Quality Power Electrical Equipments

17/03/2025 09:20

** Shares of India's Quality Power Electrical Equipment QUAY.NS down 4.5% at 315 rupees

** Co over the weekend reported ~13% drop in Q3 gross profit, weighed by weaker demand for its equipment

** QUAY flagged variations of demand across businesses and delay in project execution in transmission sector

** Stock has lost 26% since listing on February 24

 (Reporting by Sethuraman NR)

 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))