Quality Industrial swings to Q1 FY26 profit of $133,324; revenue rises to $3.67 million

QUALITY INDL CORP

QUALITY INDL CORP

QIND

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  • Quality Industrial swung to net income of USD 133,324 for three months ended March 31, 2026, from a net loss of USD 1.26 million a year earlier.
  • Revenue rose 1.22% to USD 3.67 million, while gross profit increased 4.73% to USD 1 million.
  • Operating expenses dropped 56.65% to USD 824,780, due to non-recurrence of USD 1.02 million in discretionary bonus payments.
  • Net cash used in operating activities was USD 309,650, with cash and cash equivalents of USD 172,548 at quarter-end.
  • Al Shola Gas was awarded 16 new LPG engineering subcontracts after quarter-end with expected contract value of about USD 1.14 million as of April 2026, alongside renewals expected to generate recurring annual revenue.


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