Quality Power shares fall after Q4 margin contracts despite strong revenue growth
Shares of Quality Power and Electrical Equipments Ltd. declined nearly 10% on Thursday, May 14, reacting to their fourth quarter results. The company’s margins witnessed a sharp contraction in the fourth quarter due to a one-time labour cost and consolidation of lower margin subsidiaries. Its EBITDA margin contracted to 10.5% from 14.84% in the year-ago…
