QTC's order book, profit recovery and policy tailwinds drive growth outlook
Orders fully booked through 2026, expansion into Japan and Europe QTC's transformer orders are fully booked through end-2026, with rising demand from Japan, Europe and data centres. This gives revenue visibility and supports the 2 billion baht target, about 20% growth, pushing the stock up on confidence in future earnings.
This is a new, concrete demand signal that directly supports QTC's revenue growth and investor confidence.
Bidding for 300-400 million baht projects, PDP 2026 to boost demand QTC is bidding for new projects worth 300-400 million baht and sees the draft PDP 2026, targeting 70% clean energy, as a major demand driver. More grid investment means more transformer orders, supporting the revenue target and lifting the stock.
New project bids and a favorable long-term energy plan add to QTC's growth pipeline, a fresh positive catalyst.
Q2 profit recovery and data centre demand for second half QTC reported Q2 2026 net profit of 62 million baht on revenue of 748 million baht, up 75% year-on-year. Management expects a stronger second half from data centres needing over 1,000 MW and EV charging stations, boosting earnings and the share price.
This is the first earnings report showing a sharp recovery, a new fundamental positive for the stock.
Solar rooftop policy and new project bids support transformer demand Government support for residential solar rooftops and power buyback is expected to increase transformer demand. QTC is bidding for more utility projects, with a near 1 billion baht backlog, and says copper price surge is hedged, so costs are stable. This supports the 2026 revenue target.
New policy tailwind and bidding activity reinforce demand outlook, while copper hedging removes a cost concern.