Qualitek Labs FY26 Revenue Jumps 77% to ₹124.5 Crore

Company Overview

Document Types: Notice convening the 8th Annual General Meeting and Integrated Annual Report for FY 2025-26, and Standalone Financial Statements for year ended March 31, 2026

Financial Performance Highlights

Consolidated Performance (FY 2025-26)

Revenue from Operations: ₹124.52 crore (77.31% growth from FY25 ₹70.23 crore)
EBITDA: ₹29.28 crore (80% growth from FY25 ₹16.25 crore)
Profit After Tax: ₹14.60 crore (90.03% growth from FY25 ₹7.68 crore)
EBITDA Margin: 23.5% (improved from 23.1% in FY25)
PAT Margin: 11.7% (improved from 10.9% in FY25)

Standalone Performance (FY 2025-26)

Revenue from Operations: ₹67.62 crore (47.44% growth from FY25 ₹45.86 crore)
Profit After Tax: ₹7.96 crore (50.75% growth from FY25 ₹5.28 crore)
EPS: ₹7.30 (FY25: ₹5.94)
Total Assets: ₹224.57 crore (doubled from previous year)

Auditor's Opinion

Auditors issued an unqualified opinion confirming the financial statements give a true and fair view in accordance with accounting standards and Companies Act, 2013. Key findings include:

Related party transactions comply with Sections 177 and 188 of Companies Act
Adequate internal audit system and financial controls operating effectively
Full CSR amount spent as required
No material uncertainty regarding meeting liabilities
No cash losses incurred in current or previous financial year

Business Operations Update

Laboratory Network Expansion

Total Laboratories: 16 (10 owned + 6 PPP arrangements)
Employee Strength: 1,200+ employees including 450+ scientists
Testing Capacity: 5+ million tests annually
Laboratory Area: 290,000 sq. ft.

Strategic Acquisitions & Investments

Interstellar Testing Centre Private Limited: Became wholly-owned subsidiary through share swap arrangement
Food Testing Laboratory, Mumbai: Acquired by slump sale for ₹8.82 crore
USFDA-approved Pharmaceutical Laboratory, Bengaluru: Acquired during FY26
LabOps Global Private Limited: 74% acquisition for ₹7,400

New Capabilities

Received NABCB accreditation under ISO/IEC 17020:2012 for Inspection Services
Expanded into mining, metals, railway supply chains, defense inspection
Strengthened digital capabilities with LIMS implementation

AGM Details

Date: September 25, 2026
Time: 11:30 AM IST
Venue: Avanta Business Centre, New Delhi
Remote E-voting: September 22-24, 2026

Special Business Items

Approval for related party transactions including corporate guarantees exceeding ₹12.45 crore threshold
Increase overall managerial remuneration limit from 28% to 35% of net profits

Corporate Actions

Share Capital Changes

Preferential Allotment: Issued 16,72,531 equity shares for consideration other than cash (share swap)
Allottees: TIC Services Private Limited (11,70,881 shares) and Mr. Sanjiv Khullar (5,01,650 shares)
Issue Price: ₹310.89 per share

Financial Position & Ratios

Total Consolidated Assets: ₹270.95 crore
Cash & Cash Equivalents: ₹5.55 crore
Long-term Borrowings: ₹60.12 crore
Current ratio: 0.92 (FY25: 0.96)
Debt-equity ratio: 0.45 (FY25: 0.33)
Return on equity: 6.9% (FY25: 8.9%)