QLL
Qualitek Labs financials
- Market cap
- ₹414 Cr
Quarterly results
Q4 FY26: revenue up 319.4%, net profit up 334.8% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 11 | 12 | 17 | 21 | 25 +124% | 54 +332% | 70 +319% |
| EBITDA | 3 | 4 | 4 | 4 | 7 +135% | 11 +193% | 18 +318% |
| Net profit | 2 | 2 | 2 | 2 | 4 +119% | 5 +149% | 10 +335% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +40.2% 1Y
1Y: ₹395.95 on 10 Sept 2025 → ₹555. High ₹555 (11 Sept 2026), low ₹308.85 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹7 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹-1 Cr | ₹0 Cr | ₹4 Cr | ₹25 Cr | ₹129 Cr | ₹141 Cr |
| Borrowings | ₹11 Cr | ₹17 Cr | ₹23 Cr | ₹12 Cr | ₹47 Cr | ₹93 Cr |
| Other liabilities | ₹4 Cr | ₹3 Cr | ₹6 Cr | ₹6 Cr | ₹9 Cr | ₹26 Cr |
| Total liabilities | ₹14 Cr | ₹21 Cr | ₹40 Cr | ₹51 Cr | ₹197 Cr | ₹271 Cr |
| Fixed assets | ₹6 Cr | ₹8 Cr | ₹14 Cr | ₹30 Cr | ₹48 Cr | ₹152 Cr |
| Capital work in progress | ₹4 Cr | ₹4 Cr | ₹15 Cr | ₹8 Cr | ₹19 Cr | ₹45 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹90 Cr | ₹0 Cr |
| Other assets | ₹4 Cr | ₹9 Cr | ₹11 Cr | ₹13 Cr | ₹40 Cr | ₹73 Cr |
| Total assets | ₹14 Cr | ₹21 Cr | ₹40 Cr | ₹51 Cr | ₹197 Cr | ₹271 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters added +2.27 pp while the public trimmed −1.95 pp. The shareholder count grew 17% to 876.
- Promoters
- 56.5%
- FIIs
- 1.6%
- DIIs
- 0.1%
- Public
- 41.8%
Since Mar 2025
- Promoters +2.27 pp
- Public −1.95 pp
- FIIs −0.17 pp
How it drifted, 5 quarters
Over this window promoters fell from 73.3% to 56.5% — −16.9 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 73.3%, Public 26.6%.Sep '24: Promoters 73.3%, DIIs 0.0%, Public 26.6%.Mar '25: Promoters 54.2%, FIIs 1.8%, DIIs 0.3%, Public 43.8%.Sep '25: Promoters 54.2%, FIIs 1.8%, DIIs 0.1%, Public 43.9%.Mar '26: Promoters 56.5%, FIIs 1.6%, DIIs 0.1%, Public 41.8%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sanjiv Khullar newly disclosed 4.31% held
- Tic Services Private Limited +2.27 pp 56.46% held
The same filing shows 4 holders trimming and 5 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Qualitek Labs Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Tic Services Private Limited | 56.46% | +2.27 pp |
| Ashish Kacholia | 4.35% | −0.72 pp |
| Sanjiv Khullar | 4.31% | newly disclosed |
| Sgi Developers Llp | 3.04% | −0.51 pp |
| Brick Eagle Group Private Limited | 2.36% | −0.39 pp |
| Ark Global Emerging Companies, Lp FPI fund | 1.20% | −0.11 pp |
| Kamal Grover | 0.00% | unchanged |
| Antaryami Nayak | 0.00% | unchanged |
| Alok Kumar Agarwal | 0.00% | unchanged |
| Anju Agarwal | 0.00% | unchanged |
| Madhulika Agarwal | — | off the list |
| Mukesh Sharma | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Qualitek Labs Limited
Guides on how to read this kind of business and the numbers that matter.