Qualitek Labs shares rise 4.02% to ₹444 After Winning IOC Contract and Acquiring the Mumbai Lab

Mumbai, September 18, 2025: Qualitek Labs Ltd (BSE: 544091) share price rose 4.02% to ₹444.00 at 11:01 IST, reaching a new 52-week high of ₹447.00. This was after the company announced a new contract with Indian Oil Corporation (IOC) and the purchase of a food testing facility in Mumbai.

Qualitek Labs Ltd is based in India and is listed on the BSE. It offers specialised consulting and testing services. It operates in the food, life sciences, and energy testing sectors through its subsidiaries and provides complete solutions for meeting industrial and regulatory compliance needs. The company continues to expand its operations through prudent acquisitions and strategic contracts.

IOC Contract Worth ₹10.19 Crore Boosts Share Price

Qualitek Labs disclosed in a regulatory filing on September 17, 2025, that its subsidiary, Interstellar Testing Centre Pvt. Ltd., obtained a three-year, ₹10.19 crore work order from IOC’s Panipat Refinery. The mandate includes operating and maintaining outsourced quality control laboratory testing activities, which will help the company become more established in the industrial testing field.

The announcement was the main reason for today’s rise in share prices. The IOC deal demonstrated the company’s increasing credibility in high-value testing contracts.

Mumbai Food Testing Lab Acquisition to Expand Market Reach

Qualitek Labs also acquired a food testing lab in Mumbai for ₹8.82 crore through a slump sale, in addition to the IOC contract. The purchase adds to its food and life sciences testing vertical, which is in high demand because of more stringent regulations and more consumers being aware of food safety.

This move makes the company stronger in terms of its geographical presence and revenue streams. It also places the company in an advantageous position in the industrial, energy, and food testing sectors.

Share Price Hits 52-Week High at ₹447.00 Amid Strong Trading Activity

Qualitek Labs’ shares were priced at ₹444.00 at 11:01 IST, which is ₹17.15 (4.02%) more than its previous close of ₹426.85. The stock opened at ₹439.00, dipped to ₹438.00, and then reached a new 52-week high of ₹447.00 during the day.

• Market Cap: ₹517.35 crore
• P/E Ratio: 74.75
• 52-Week Low: ₹215.05

The two updates winning a contract along with completing an acquisition—had a direct effect on today’s price rise. This indicates that the market is cognisant of Qualitek Labs’ future prospects.

The IOC contract and the acquisition of a laboratory in Mumbai indicate that Qualitek Labs is focused on expanding its testing capabilities in an array of fields. The company is expanding its range of services and strengthening its growth trajectory in India’s testing and certification market by strengthening its industrial and food testing segments .

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/4d9ecabf-b253-4b8b-bb6d-0e137236a8cb.pdf

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