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Latest filing: 2026-08-18 13:14
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TD Power Q1 Consol PAT Jumps 72% to ₹86 Cr; FY27 Revenue Guided at ₹2,600 Cr
TD Power Systems reported strong Q1 FY27 consolidated sales of INR 6.43 billion, up 71% YoY, and consolidated PAT of INR 860 million, up 72% YoY. Order inflow for the quarter surged 87% QoQ to INR 7.34 billion, driven by robust direct and deemed export orders accounting for 93% of inflows. The total manufacturing order book reached INR 22.08 billion (approx. 1.04x TTM revenue of ₹2,124 Cr). Management revised its FY27 revenue guidance to INR 2,600 Cr and announced debottlenecking capex of INR 50 Cr to achieve INR 3,200 Cr revenue capacity by FY28.
Confidence: HIGH
What changedTD Power Systems published its Q1 FY27 earnings call transcript detailing 72% PAT growth, increased FY27 revenue guidance to INR 2,600 Cr, and a phased capacity roadmap up to INR 4,000 Cr+.
Why it mattersDemonstrates strong demand visibility across export markets and data center power equipment, supported by a healthy order book that covers roughly one year of projected revenues.
Q1 Consolidated Sales: INR 6.43 billionQ1 Consolidated PAT: INR 860 millionManufacturing Order Book: INR 22.08 billionQ1 Order Inflows: INR 7.34 billionFY27 Revenue Guidance: INR 2,600 croresFY27 Debottlenecking Capex: INR 50 crores
📅 Short termPositive sentiment likely to be supported by strong Q1 growth numbers, upgraded full-year guidance, and anticipation of a large-generator partnership announcement.
📈 Long termThe planned scale-up to INR 3,200 Cr capacity in FY28 and INR 4,000 Cr+ thereafter positions the company structurally to capitalize on global grid, renewable, and data center power demand.
⚠ Risk flags
- High client concentration with top OEM customers.
- Execution risk in expanding capacities and scaling up large generator designs (>100 MW).
- High market valuation multiple (P/E ~88x) leaves low room for execution slip-ups.
Key Highlights
Consolidated revenue for Q1 grew 71% YoY to INR 6.43 billion, with consolidated PAT rising 72% YoY to INR 860 million.
Order inflow in Q1 reached INR 7.34 billion (up 87% QoQ), with exports and deemed exports contributing 93% (INR 6.84 billion).
Manufacturing order book stands at INR 22.08 billion, with generators and motors accounting for INR 19.29 billion.
Management raised FY27 revenue guidance to INR 2,600 Cr and guided full-year order inflows at around INR 2,800 Cr+.
Committed INR 50 Cr capex in FY27 for debottlenecking to support an estimated INR 32 billion capacity in FY28.
👀 What to Watch
Track execution against the full-year INR 2,600 Cr revenue target and monitor upcoming corporate announcements regarding tie-ups for large (>100 MW) generators expected in August.
TD Power Systems seeks shareholder nod for ₹75 Cr preferential share issue to promoters
TD Power Systems has issued an Extraordinary General Meeting (EGM) notice for September 10, 2026, to approve a preferential equity issue of up to ₹75.00 crore to promoters Nikhil Kumar and Mohib Nomanbhai Khericha. The promoters will each be allotted 6,25,000 equity shares post-split (face value ₹1) at ₹600 per share (or 3,12,500 shares at ₹1,200 pre-split). The fundraise represents approximately 0.31% of the company's market cap of ₹24,133 crore. The relevant pricing date is set as August 11, 2026, following the 1:2 stock split record date on August 24, 2026.
Confidence: HIGH
What changedTD Power Systems is convening an EGM on September 10, 2026, to seek approval for issuing ₹75 crore worth of equity shares to its promoters on a preferential basis.
Why it mattersThe preferential allotment increases promoter skin-in-the-game from the current 26.87% holding and injects growth capital into the balance sheet, reflecting promoter confidence despite the modest size relative to total market cap.
Total fundraise value: ₹75.00 CrorePost-split issue price: ₹600Post-split shares offered: 12,50,000Fundraise vs Market Cap: ~0.31%EGM date: September 10, 2026
📅 Short termMarket sentiment may view promoter capital infusion positively, ahead of the stock split execution on August 24, 2026, and the EGM on September 10, 2026.
📈 Long termReinforces promoter commitment to fund ongoing business scale-up and higher-capacity generator launches without increasing external debt.
⚠ Risk flags
- Minor equity dilution for public shareholders
- Subject to shareholder approval and regulatory listing permissions
Key Highlights
Preferential equity issuance to promoters totaling up to ₹75.00 crore for cash.
Issue price fixed at ₹600 per share post-split (face value ₹1) or ₹1,200 pre-split (face value ₹2).
Promoters Nikhil Kumar and Mohib Nomanbhai Khericha to each subscribe to ₹37.50 crore (6,25,000 post-split shares each).
Extraordinary General Meeting scheduled for September 10, 2026, via video conferencing.
👀 What to Watch
Track shareholder voting results from the EGM on September 10, 2026, followed by receipt of stock exchange in-principle listing approvals and actual allotment within 15 days of approval.
TD Power enters 10-year manufacturing framework agreement with Siemens Energy
TD Power Systems Limited (TDPS) has entered into a 10-year Build-to-Print Manufacturing Framework Agreement with Siemens Energy, Inc., effective August 13, 2026. Under the contract, TDPS will manufacture and supply 2-pole generators according to Siemens Energy's technical specifications and drawings. Commercial realization will occur via individual purchase orders issued periodically based on project requirements, with an option to extend the agreement by 24 months. This landmark agreement enhances revenue visibility and technological integration with a key global OEM relative to TDPS's TTM revenue of Rs 1,856 Cr.
Confidence: HIGH
What changedTDPS executed a 10-year international build-to-print framework agreement with Siemens Energy, Inc. for 2-pole generators.
Why it mattersSecures long-term technical and commercial alignment with a leading global energy technology OEM, reinforcing TDPS's export capabilities and high-specification manufacturing pipeline.
Agreement term: 10 years (from August 13, 2026)Extension option: 24 monthsTotal order value: not disclosedTTM Revenue: Rs 1856 Cr
📅 Short termPositive sentiment from tie-up with a marquee global OEM, though immediate financial impact will depend on the timing of initial purchase orders.
📈 Long termProvides multi-year revenue stability, deepens international OEM penetration, and validates TDPS's build-to-print manufacturing capabilities in high-specification generator technology.
⚠ Risk flags
- Revenue realization depends on individual purchase orders rather than guaranteed minimum volume commitments
- Reinforces customer concentration where top 10 clients already account for 65-75% of manufacturing revenue
Key Highlights
10-year framework agreement signed on August 13, 2026, with an optional 24-month extension
Scope encompasses build-to-print manufacturing and supply of 2-pole generators for Siemens Energy, Inc.
Commercial consideration and delivery schedules will be governed by individual purchase orders issued periodically
Occurrence timestamped on August 14, 2026, at 10:46 AM IST
👀 What to Watch
Monitor upcoming quarterly earnings commentary for initial purchase order rollouts, quantum, and delivery schedules under this 10-year framework.
TD Power Systems approves ₹675 Cr fundraise via ₹600 Cr QIP and ₹75 Cr Preferential Issue
TD Power Systems has approved raising up to ₹600 Crores through a Qualified Institutions Placement (QIP) alongside a ₹75 Crore preferential issue to promoters. Under the preferential route, promoters Nikhil Kumar and Mohib Nomanbhai Khericha will each be allotted 3,12,500 shares (pre-split) at ₹1,200 per share (or 6,25,000 shares at ₹600 post-split). The total proposed fundraise of ₹675 Crores represents approximately 65.6% of the company's net worth (₹1,029 Cr) and 2.9% of its market cap. Shareholder approval will be sought at an EGM scheduled for September 10, 2026.
Confidence: HIGH
What changedThe Board approved a total capital raise of up to ₹675 Crores (₹600 Cr QIP + ₹75 Cr promoter preferential issue) subject to shareholder approval.
Why it mattersThe capital infusion represents ~65.6% of current net worth, substantially strengthening the balance sheet to fund ongoing capacity additions and expansion into 50-150 MW generators and traction motors.
QIP Cap: ₹600 CroresPreferential Issue Size: ₹75 CroresPreferential Issue Price (Pre-split): ₹1,200.00Total Fundraise vs Net Worth: ~65.6%EGM Date: 10th September 2026
📅 Short termPromoter participation provides confidence, though pricing dynamics and dilution around the eventual QIP pricing will drive near-term sentiment ahead of the August 24 stock split record date.
📈 Long termThe sizeable equity capital strengthens balance sheet liquidity, enabling the company to fund large generator manufacturing (50-150 MW) and international market expansions.
⚠ Risk flags
- Equity dilution from the ₹600 Cr QIP issuance
- Execution risk on redeploying raised capital into ROE-accretive expansion projects
Key Highlights
Approved QIP issuance to raise up to ₹600 Crores in one or more tranches
Preferential issue of 6,25,000 shares (pre-split) at ₹1,200 per share to raise ₹75 Crores from promoters
Promoter Nikhil Kumar post-issue holding to rise from 8.30% to 8.47%, while Mohib Khericha enters at 0.20%
Share split (1 share of FV ₹2 into 2 shares of FV ₹1) set with record date of August 24, 2026
EGM convened for September 10, 2026, with voting cut-off date fixed as September 3, 2026
👀 What to Watch
Track shareholder approval at the EGM on September 10, 2026, and monitor subsequent disclosures regarding the specific utilization of proceeds for capacity expansion or product rollouts.
TD Power Systems Approves Fundraise of Up to ₹600 Cr via QIP and ₹75 Cr Preferential Issue
TD Power Systems' Board has approved raising up to ₹600 crore via a Qualified Institutions Placement (QIP) and ₹75 crore via a preferential equity issue to promoters. The preferential issue entails issuing 12.50 lakh post-split equity shares at ₹600 per share (or 6.25 lakh pre-split shares at ₹1,200 per share) to promoters Nikhil Kumar and Mohib Nomanbhai Khericha. The combined fundraise of up to ₹675 crore represents approximately 65.6% of current net worth (₹1,029 crore) and ~2.9% of market cap (₹23,140 crore). An Extra-Ordinary General Meeting (EGM) is scheduled for September 10, 2026, to seek shareholder approval.
Confidence: HIGH
What changedThe Board approved raising up to ₹675 crore (up to ₹600 crore via QIP and ₹75 crore via preferential issue to promoters).
Why it mattersProvides a substantial capital boost, expanding the company's equity base by ~65.6% relative to net worth (₹1,029 crore) to support capacity growth and product scale-up.
QIP fundraise size: ₹600 CroresPreferential issue size: ₹75 CroresPreferential price (post-split): ₹600.00Preferential price (pre-split): ₹1,200.00Total fundraise vs Net Worth: ~65.6%Total fundraise vs Market Cap: ~2.9%
📅 Short termFocus shifts to the upcoming 1:2 stock split record date on August 24, 2026, followed by the shareholder vote at the EGM on September 10, 2026.
📈 Long termInfuses growth capital to finance expansion into larger generators (50-150 MW), traction motors, and export markets while keeping debt minimal.
⚠ Risk flags
- Equity dilution from QIP issuance
- Shareholder and regulatory approval dependencies
Key Highlights
Approved QIP fundraise of up to ₹600 crore in one or more tranches.
Approved preferential issue of ₹75 crore (12.50 lakh post-split shares at ₹600 / 6.25 lakh pre-split shares at ₹1,200) to promoters.
Promoter Nikhil Kumar's stake to increase from 8.30% to 8.47%, and Mohib Nomanbhai Khericha to acquire a 0.20% stake.
Shareholder EGM scheduled for September 10, 2026, with cut-off date fixed as September 3, 2026.
Record date for 1:2 stock split (face value ₹2 to ₹1) is August 24, 2026.
👀 What to Watch
Track voting outcomes at the EGM on September 10, 2026, and monitor subsequent company filings regarding the detailed capital allocation and deployment roadmap for the proceeds.
TD Power Systems Shareholders Approve ₹1.10 Final Dividend and Stock Split at 27th AGM
TD Power Systems held its 27th Annual General Meeting on August 12, 2026, where shareholders approved all eight resolutions with the requisite majority. Key approvals include a final dividend of ₹1.10 per share (totaling ₹2.10 for FY26) and a sub-division (stock split) of equity shares. The stock split resolution received near-unanimous support with 99.99% of votes in favor. Additionally, shareholders approved the continuation and remuneration of Mr. Mohib N. Khericha as a Non-Executive Director, despite 6.78% institutional opposition to his appointment.
Confidence: HIGH
What changedShareholders have formally ratified the FY26 financial results, the dividend payout, and the proposal to split the company's equity shares.
Why it mattersThe stock split is intended to improve liquidity and make the shares more accessible to retail investors, while the dividend confirmation rewards shareholders following a year where PAT grew 37% to ₹238 Cr.
Final Dividend: ₹1.10 per shareInterim Dividend: ₹1.00 per shareStock Split Approval Rate: 99.99%Total Shareholders: 144395Institutional Dissent (Res 5): 6.78%
📅 Short termThe stock may see increased retail interest due to the stock split approval, though the fundamental impact remains neutral until the split is executed.
📈 Long termLimited structural significance from this filing; long-term value remains tied to the company's expansion into large generators and export markets.
⚠ Risk flags
- Minor institutional dissent (6.78%) regarding director appointments
- High P/E ratio of 96.8 indicates high growth expectations
Key Highlights
Final dividend of ₹1.10 per share approved, bringing total FY26 dividend to ₹2.10 per share.
Stock split (sub-division of equity shares) approved with 99.9998% of valid votes in favor.
Special resolution for continuation of Mr. Mohib N. Khericha as Director passed with 96.16% majority.
Total of 10,68,26,748 valid votes polled for the dividend resolution, representing 68.38% of total shares.
Record date for voting eligibility was August 5, 2026, with 144,395 shareholders on record.
👀 What to Watch
Investors should watch for the upcoming announcement of the record date for the stock split and the specific timeline for the final dividend credit. Monitor the launch of the 50-150 MW generators in Jan 2026 as a key fundamental growth driver.
TD Power Systems Shareholders Approve Stock Split and ₹1.10 Final Dividend at 27th AGM
TD Power Systems held its 27th Annual General Meeting on August 12, 2026, where shareholders approved all eight resolutions. Key approvals include a final dividend of ₹1.10 per share (totaling ₹2.10 for FY26) and a sub-division (stock split) of equity shares to enhance liquidity. The company reported a strong FY26 with revenue of ₹1,855.7 Cr and PAT of ₹238.3 Cr. Management reiterated its strategy to launch large 50-150 MW generators by January 2026 to drive future growth.
Confidence: HIGH
What changedShareholders have officially ratified the FY26 financial results, the final dividend payout, and the proposal to split the company's equity shares.
Why it mattersThe stock split is intended to improve the liquidity of the shares, which have seen a 199.6% price return over the last 12 months. The approval of the dividend and the re-appointment of key directors ensure continuity as the company targets a ₹1,500 Cr manufacturing revenue milestone.
Final Dividend: ₹1.10 per shareTotal FY26 Dividend: ₹2.10 per shareFY26 Revenue: ₹1,855.7 CrStock Split Approval Rate: 99.9998%TTM PAT: ₹238 Cr
📅 Short termThe stock may see positive sentiment in the coming weeks as the market anticipates the record date for the stock split and dividend.
📈 Long termThe company remains structurally well-positioned with a 32% ROCE and a clear roadmap for product expansion into larger generators and traction motors for export markets.
⚠ Risk flags
- High client concentration (top 10 clients account for 65-75% of revenue)
- Cyclicality in end-user industries like steel and cement
Key Highlights
Shareholders approved a final dividend of ₹1.10 per share, bringing the total FY26 dividend to ₹2.10 per share.
Resolution for the sub-division (stock split) of equity shares passed with 99.9998% votes in favor.
FY26 consolidated revenue stood at ₹1,855.7 Cr with an operating profit margin of 17.8%.
Management confirmed the upcoming launch of 50-150 MW large generators designed at their UK center.
The meeting saw participation from 70 members, with all resolutions passed by the requisite majority.
👀 What to Watch
Investors should monitor the upcoming announcement regarding the record date for both the final dividend and the stock split. Additionally, track the progress of the 50-150 MW generator testing scheduled for January 2026, as this represents a significant move into higher-capacity segments.
Rs 2,600 Cr FY27 Guidance: TD Power Systems Reports Record Q1 Order Inflow and Sales
TD Power Systems has reported its highest-ever quarterly order inflow and sales for Q1 FY27, with quarterly order inflows now exceeding Rs 700 Cr. Consequently, management has upgraded its FY27 revenue guidance to Rs 2,600 Cr, representing a significant 40% increase over the TTM revenue of Rs 1,856 Cr. The company maintains strong profitability with FY26 EBITDA margins at 18.3% and a 5-year PAT CAGR of 40.1%. Growth is being driven by high-capacity generators (up to 250 MVA) and a global footprint spanning 98+ countries.
Confidence: HIGH
What changedThe company has significantly upgraded its annual revenue guidance for FY27 following record-breaking order inflows in the first quarter.
Why it mattersThe guidance upgrade signals a structural shift in the company's growth trajectory, moving from a ~Rs 1,800 Cr revenue base to a targeted Rs 2,600 Cr, supported by strong demand in the generator and traction motor segments.
FY27 Revenue Guidance: Rs 2,600 CrQ1 FY27 Order Inflow: >Rs 700 CrGuidance vs TTM Revenue: 40.1%FY26 EBITDA Margin: 18.3%5-Year PAT CAGR: 40.1%
📅 Short termThe stock is likely to react positively to the record order inflow and the substantial upward revision in revenue guidance for the current fiscal year.
📈 Long termThe company is transitioning into higher-capacity power equipment and expanding its export footprint, which could sustain high double-digit growth if execution keeps pace with order inflows.
⚠ Risk flags
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- High client concentration (Top 10 clients contribute 65-75% of revenue)
- Execution risk associated with meeting the accelerated Rs 700 Cr/quarter order run-rate
Key Highlights
Upgraded FY27 revenue guidance to Rs 2,600 Cr, a 40% increase over TTM revenue of Rs 1,856 Cr
Quarterly order inflow exceeded Rs 700 Cr in Q1 FY27, marking a record high
EBITDA margins expanded by 700 bps over five years, reaching 18.3% in FY26
Achieved a 5-year Profit After Tax (PAT) CAGR of 40.1% as of FY26
Consolidated revenue for FY26 stood at Rs 1,856.23 Cr, up 45% from FY25
👀 What to Watch
Investors should monitor the execution of the Rs 700 Cr+ quarterly order book and the successful commercialization of the new 50-150 MW generator segment scheduled for testing in early 2026.
TD Power Systems Q1 PAT Jumps 80% YoY to ₹86.46 Cr; Re-appoints Internal Auditor
TD Power Systems reported a robust Q1 FY27 with standalone net sales rising 75.4% YoY to ₹627.84 Cr. Profit After Tax (PAT) surged 80.6% to ₹86.46 Cr, significantly exceeding the quarterly run rate of the previous fiscal. The company also confirmed the re-appointment of Avanza Management Consulting as internal auditors for FY 2026-27. Despite strong growth, the company maintains a full impairment provision of ₹20.41 Cr against its Indian subsidiary, DF Power Systems.
Confidence: HIGH
What changedThe company delivered a significant earnings beat in Q1 FY27 compared to the same period last year and formalized its internal audit structure for the current fiscal year.
Why it mattersThe strong quarterly performance validates the company's leadership in the 1-50 MW AC generator segment and its ability to scale revenue towards its ₹1,500 Cr consolidated target.
Q1 Standalone Revenue: ₹627.84 CrQ1 Standalone PAT: ₹86.46 CrYoY Revenue Growth: 75.4%Q1 Revenue vs TTM Revenue: 33.8%Subsidiary Impairment: ₹20.41 Cr
📅 Short termThe stock is likely to react positively to the 80% YoY PAT growth, which shows strong operational momentum heading into the rest of FY27.
📈 Long termStructural growth remains tied to the expansion into larger 50-150 MW generators and increasing traction motor exports, though high client concentration remains a long-term risk.
⚠ Risk flags
- High client concentration (top 10 clients contribute 65-75% of revenue)
- Cyclicality in end-user industries like steel and cement
- Ongoing impairment of Indian subsidiary
Key Highlights
Standalone Net Sales increased to ₹627.84 Cr in Q1 FY27 from ₹357.96 Cr in Q1 FY26.
Standalone Profit After Tax (PAT) grew to ₹86.46 Cr, up from ₹47.88 Cr in the year-ago period.
Profit Before Tax (PBT) reached ₹116.66 Cr, representing a 81.7% YoY growth.
Allotted 13,600 equity shares under the 2019 Equity Based Compensation Plan during the quarter.
Maintained a cumulative impairment provision of ₹20.41 Cr for the Indian subsidiary DF Power Systems.
👀 What to Watch
Watch for the successful testing and launch of the 50-150 MW large generators scheduled for early 2026, which is a key growth driver. Monitor if the company can maintain its 17-18% operating margins as it scales exports to 110 countries.
80.6% PAT Growth: TD Power Systems Reports Strong Standalone Q1 FY27 Results
TD Power Systems delivered a robust performance for the quarter ended June 30, 2026, with standalone net sales growing 75.4% year-on-year to Rs 627.84 Cr. Standalone Profit After Tax (PAT) surged 80.6% to Rs 86.46 Cr, up from Rs 47.88 Cr in the previous year's corresponding quarter. The company's Q1 revenue represents approximately 33.8% of its TTM revenue, indicating a strong start to the fiscal year. The board also re-appointed Avanza Management Consulting as internal auditors for FY 2026-27.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results, showing significant year-on-year growth in both revenue and profitability compared to Q1 FY26.
Why it mattersThe strong quarterly performance suggests that the company's strategy to expand its product range (large generators) and export footprint is yielding results, potentially leading to a re-rating if growth sustains above the historical 12-14% range.
Standalone Net Sales (Q1 FY27): Rs 627.84 CrStandalone PAT (Q1 FY27): Rs 86.46 CrYoY Revenue Growth: 75.4%YoY PAT Growth: 80.6%Q1 Revenue vs TTM Revenue: ~33.8%
📅 Short termThe stock is likely to react positively in the short term due to the substantial year-on-year growth in both top-line and bottom-line figures, which exceeded historical growth trends.
📈 Long termThe structural growth story remains intact as the company scales its manufacturing capacity and diversifies into traction motors and larger generators for global markets.
⚠ Risk flags
- High client concentration (top 10 clients account for 65-75% of revenue)
- Ongoing impairment of investment in Indian subsidiary (DF Power Systems)
Key Highlights
Standalone Net Sales increased 75.4% YoY to Rs 627.84 Cr from Rs 357.96 Cr
Standalone Profit After Tax (PAT) rose 80.6% YoY to Rs 86.46 Cr
Profit Before Tax (PBT) grew 81.7% YoY to Rs 116.66 Cr
Paid-up equity capital stands at Rs 31.25 Cr following the allotment of 13,600 shares for ESARs
Total Comprehensive Income for the quarter reached Rs 85.26 Cr
👀 What to Watch
Investors should monitor the execution of the 50-150 MW large generator segment and the ramp-up in export markets, which are critical for sustaining this growth momentum and achieving management's long-term revenue targets.
80% PAT Growth: TD Power Systems Reports ₹86.46 Cr Standalone Profit in Q1 FY27
TD Power Systems delivered a robust performance for the quarter ended June 30, 2026, with standalone net sales jumping 75.4% YoY to ₹627.84 Cr. Standalone Profit After Tax (PAT) surged 80.6% YoY to ₹86.46 Cr, up from ₹47.88 Cr in the year-ago period. The company maintained its focus on the AC Generators and Electric Motors segment, which remains its primary business driver. The board also confirmed the re-appointment of internal auditors and noted a small equity allotment under its employee compensation plan.
Confidence: HIGH
What changedThe company has reported a significant year-on-year increase in both revenue and profitability for the first quarter of the new fiscal year.
Why it mattersThe strong Q1 performance, representing ~34% of TTM revenue in a single quarter, indicates successful scaling of manufacturing and potentially higher execution of the export-led growth strategy.
Standalone Net Sales (Q1 FY27): ₹627.84 CrStandalone PAT (Q1 FY27): ₹86.46 CrYoY Revenue Growth: 75.4%Q1 Revenue vs TTM Revenue: 33.8%Paid-up Equity Capital: ₹31.25 Cr
📅 Short termThe stock is likely to react positively to the substantial YoY growth in earnings and revenue, which exceeds historical growth trends.
📈 Long termThe company's expansion into larger generators and traction motors, combined with a presence in 110 countries, supports a structural growth narrative in the electrical equipment space.
⚠ Risk flags
- High client concentration (top 10 clients account for 65-75% of revenue)
- Continued operational losses in the Japan branch
- Impairment risks associated with the Indian subsidiary DF Power Systems
Key Highlights
Standalone Net Sales grew 75.4% YoY to ₹627.84 Cr from ₹357.96 Cr in Q1 FY26
Standalone Profit After Tax (PAT) increased 80.6% YoY to ₹86.46 Cr
Profit Before Tax (PBT) rose 81.7% YoY to ₹116.66 Cr compared to ₹64.22 Cr
Allotted 13,600 equity shares of ₹2 each to the Employee Welfare Trust, increasing paid-up capital to ₹31.25 Cr
Japan branch contributed ₹5.03 Cr to income but recorded a net loss of ₹0.25 Cr for the quarter
👀 What to Watch
Investors should monitor the progress of the 50-150 MW large generator segment and the company's ability to sustain these high growth rates as it targets a consolidated revenue of ₹1,500 Cr.
CRISIL Upgrades TD Power Systems' Long-Term Rating to AA-/Stable; Short-Term to A1+
CRISIL Ratings has upgraded the credit ratings for TD Power Systems Limited's bank facilities totaling Rs. 488 crore. The long-term rating has been revised upward to 'CRISIL AA-/Stable' from 'CRISIL A+/Positive', while the short-term rating improved to 'CRISIL A1+' from 'CRISIL A1'. This double upgrade across both long and short-term instruments signifies a significant improvement in the company's creditworthiness and financial stability. The rated facilities include a mix of fund-based and non-fund-based limits with major lenders like HDFC Bank, Bank of Baroda, and Kotak Mahindra Bank.
Key Highlights
Long-term credit rating upgraded to 'CRISIL AA-/Stable' from 'CRISIL A+/Positive'.
Short-term credit rating upgraded to 'CRISIL A1+' from 'CRISIL A1'.
Total bank loan facilities rated by CRISIL amount to Rs. 488 crore.
The upgrade covers various facilities including Bank Guarantees (Rs. 252.35 Cr) and Letters of Credit (Rs. 160 Cr).
The rating reflects the company's improved ability to meet its financial obligations and a stable outlook.
👀 What to Watch
Investors should view this as a strong endorsement of the company's strengthening balance sheet and operational efficiency. The upgrade is likely to lead to lower borrowing costs and improved access to capital, supporting future growth.
TD Power Systems Reports 44% FY26 Revenue Growth; Guides for ₹2,400 Cr+ Revenue in FY27
TD Power Systems delivered a robust FY26 performance with consolidated revenue growing 44% to ₹18.78 billion and PAT increasing 36% to ₹2.36 billion. The company reported a massive 51% YoY surge in order inflows reaching ₹22.38 billion, with exports accounting for 79% of the total. Management has issued a strong revenue guidance of ₹2,400+ crores for FY27, citing high demand from AI data centers, gas engines, and the hydro segment. Furthermore, the company is embarking on a ₹100 crore capex plan over two years to expand into the large generator market (up to 200MW).
Key Highlights
Consolidated FY26 revenue increased 44% YoY to ₹18.78 billion; Standalone PAT rose 42% to ₹2.18 billion.
Order inflow for FY26 reached ₹22.38 billion, a 51% increase YoY, with 79% coming from exports.
Revised FY27 revenue guidance to ₹2,400+ crores with a high probability of further upward revision.
Planned capex of ₹50 crores in FY27 and ₹50 crores in FY28 for debottlenecking and large generator expansion.
Strong segment growth in Gas Turbines/Engines with notable project deliveries for SpaceX and AI data centers.
👀 What to Watch
Investors should maintain a positive outlook given the strong export-led order book and the company's strategic move into higher-capacity generators. Monitor the execution of the ₹2,400 crore guidance and the recovery of margins which were slightly impacted by a one-off penalty in Turkey.
TD Power Systems FY26 PAT Jumps 40.8% to ₹216 Cr; Announces 1:2 Stock Split and ₹1.10 Dividend
TD Power Systems delivered a robust performance for the financial year ended March 31, 2026, with standalone annual Profit After Tax (PAT) rising 40.8% to ₹216.44 crore. The company's annual revenue grew by 35.6% YoY to reach ₹1,716.66 crore, driven by strong operational execution. Alongside the earnings, the board approved a 1:2 stock split to improve liquidity and recommended a final dividend of ₹1.10 per share. The quarterly performance was equally strong, with PAT for Q4 FY26 increasing 42.7% YoY to ₹62.74 crore.
Key Highlights
Standalone FY26 Net Sales grew 35.6% YoY to ₹1,71,666.38 Lakhs from ₹1,26,539.62 Lakhs.
Annual Standalone Profit After Tax (PAT) increased 40.8% YoY to ₹21,644.35 Lakhs.
Board recommended a final dividend of ₹1.10 per equity share (55% on face value of ₹2).
Approved a 1:2 stock split, sub-dividing each ₹2 face value share into two shares of ₹1 each.
Q4 FY26 Standalone PAT rose significantly to ₹6,274.20 Lakhs compared to ₹4,396.01 Lakhs in the previous year's quarter.
👀 What to Watch
Investors should view the strong double-digit growth in profitability and the stock split as positive indicators of the company's growth trajectory and commitment to shareholder value. The stock remains a watch for continued momentum in the power equipment sector.
TD Power Systems FY26 PAT Jumps 41% to ₹216 Cr; Announces 1:2 Stock Split and ₹1.10 Dividend
TD Power Systems reported a strong financial performance for FY26, with standalone annual Net Sales growing 35.6% to ₹1,716.6 crore and Profit After Tax (PAT) increasing 40.8% to ₹216.4 crore. For the March quarter alone, revenue surged 42% YoY to ₹534.3 crore, reflecting robust operational momentum. To reward shareholders and improve liquidity, the board recommended a final dividend of ₹1.10 per share and approved a 1:2 stock split. The stock split will reduce the face value from ₹2 to ₹1, subject to shareholder approval, and is expected to be completed within three months.
Key Highlights
FY26 Standalone Net Sales rose 35.6% YoY to ₹1,716.66 crore compared to ₹1,265.39 crore in FY25.
Standalone Profit After Tax (PAT) for FY26 increased by 40.8% to ₹216.44 crore.
Board recommended a final dividend of ₹1.10 per equity share (55% on face value of ₹2).
Approved a 1:2 stock split, sub-dividing each ₹2 face value share into two ₹1 face value shares.
Q4 FY26 standalone revenue grew 42% YoY to ₹534.26 crore with PAT up 42.7% at ₹62.74 crore.
👀 What to Watch
Investors should take note of the strong double-digit growth in both top and bottom lines as a sign of healthy operational demand. The upcoming stock split and dividend provide additional incentives for long-term holders while potentially increasing retail participation.
TD Power Systems Reports 41% PAT Growth, Announces 1:2 Stock Split and ₹1.10 Dividend
TD Power Systems delivered a strong performance for FY26, with annual Net Sales rising 35.6% to ₹1,716.66 crore and Profit After Tax (PAT) increasing 40.8% to ₹216.44 crore. The Board has recommended a final dividend of ₹1.10 per share and approved a 1:2 stock split to enhance liquidity and retail participation. Quarterly performance was equally robust, with PAT for Q4 FY26 growing 42.7% year-on-year to ₹62.74 crore. The stock split is expected to be completed within three months, subject to shareholder approval.
Key Highlights
Annual Net Sales grew 35.6% YoY to ₹1,71,666.38 Lakhs in FY26.
Annual Profit After Tax (PAT) increased 40.8% YoY to ₹21,644.35 Lakhs.
Approved a 1:2 stock split, reducing face value from ₹2 to ₹1 per share.
Recommended a final dividend of ₹1.10 per equity share for the financial year.
Quarterly PAT for Q4 FY26 rose to ₹6,274.20 Lakhs compared to ₹4,396.01 Lakhs YoY.
👀 What to Watch
Investors should view the strong earnings growth and corporate actions as a sign of fundamental strength. Maintain a positive outlook and monitor the upcoming record date for the dividend and stock split.
TD Power Systems Reports Record Revenue and PAT for Third Consecutive Year in FY26
TD Power Systems Limited has achieved its highest-ever Revenue and Profit After Tax (PAT) for the third consecutive year as of March 31, 2026. The company has successfully expanded its global footprint, now supplying generators and motors to over 98 countries. Key growth drivers include a diversified product portfolio with generators up to 250 MVA and a new business vertical for induction and synchronous motors. The company maintains strong technology alliances with global leaders like Siemens and Voith while scaling its manufacturing through automation and robotics.
Key Highlights
Achieved record-breaking Revenue and PAT for the third consecutive year in FY26
Expanded global product reach to over 98 countries with dedicated operations in Europe and USA
Maintains license agreement with Siemens to produce 2-pole generators up to 250 MVA
Successfully scaled new business verticals for Induction, Synchronous, and Traction Motors since 2022
Strategic long-term supply agreements in place with global OEMs including INNIO and Alstom
👀 What to Watch
Investors should note the company's consistent three-year growth trajectory and its successful diversification into the motor segment. The stock remains a key play in the global power equipment and industrial automation space given its strong export profile and technology tie-ups.
TD Power Systems FY26 PAT Up 41% to ₹216 Cr; Announces 1:2 Stock Split & ₹1.10 Dividend
TD Power Systems reported a robust financial performance for FY26, with consolidated Net Sales growing 35.7% year-on-year to ₹1,716.66 crore. Annual Profit After Tax (PAT) surged by 40.8% to reach ₹216.44 crore, driven by strong operational execution. The board has rewarded shareholders with a final dividend of ₹1.10 per share and approved a 1:2 stock split to enhance market liquidity. Quarterly performance was equally strong, with Q4 PAT rising 42.7% compared to the same period last year.
Key Highlights
FY26 Consolidated Net Sales rose 35.7% YoY to ₹1,71,666.38 Lakhs.
Annual Profit After Tax (PAT) increased by 40.8% to ₹21,644.35 Lakhs.
Board recommended a final dividend of ₹1.10 per equity share (Face Value ₹2).
Approved a 1:2 stock split, sub-dividing ₹2 face value shares into ₹1 face value shares.
Q4 FY26 PAT grew 42.7% YoY to ₹6,274.20 Lakhs from ₹4,396.01 Lakhs.
👀 What to Watch
The strong double-digit growth in both top-line and bottom-line combined with a stock split makes this a positive development for long-term investors. Shareholders should watch for the record date of the split and dividend to ensure eligibility.
TD Power Systems FY26 PAT Jumps 41% to ₹216 Cr; Announces 1:2 Stock Split and ₹1.10 Dividend
TD Power Systems reported a robust financial performance for FY26, with standalone net sales growing 35.7% YoY to ₹1,716.66 crore. The company's standalone Profit After Tax (PAT) for the full year surged by 40.8% to reach ₹216.44 crore. In addition to strong earnings, the board recommended a final dividend of ₹1.10 per share and approved a 1:2 stock split to enhance liquidity. Quarterly performance was equally strong, with Q4 PAT rising 42.7% YoY to ₹62.74 crore.
Key Highlights
Standalone FY26 Net Sales rose 35.7% YoY to ₹1,716.66 crore from ₹1,265.40 crore
Full-year Standalone PAT increased by 40.8% to ₹216.44 crore compared to ₹153.71 crore in FY25
Board recommended a final dividend of ₹1.10 per equity share (Face Value ₹2)
Approved a 1:2 stock split, sub-dividing each ₹2 share into two shares of ₹1 each
Q4 FY26 standalone revenue grew 42% YoY to ₹534.27 crore with a PAT of ₹62.74 crore
👀 What to Watch
Investors should take note of the strong double-digit growth in both top and bottom lines, which signals healthy demand. The stock split is a positive move to improve retail liquidity and affordability.
TD Power Systems Appoints Deepak Kumar Sinha as CEO Effective April 2026
TD Power Systems has appointed Mr. Deepak Kumar Sinha as its new Chief Executive Officer, effective April 03, 2026. Mr. Sinha brings over 30 years of industrial experience in the power sector, including a previous tenure as CEO and Whole-time Director of L&T-MHI Power Turbine Generators. His extensive background in turbines and generators, combined with leadership roles at GE Power, is expected to strengthen the company's technical and market capabilities. The appointment follows a recommendation from the Nomination and Remuneration Committee and was approved by the Board on April 02, 2026.
Key Highlights
Mr. Deepak Kumar Sinha appointed as CEO with effect from April 03, 2026
Brings over 30 years of rich industrial experience in the power sector and equipment lifecycle
Previously served as CEO and Whole-time Director of L&T-MHI Power Turbine Generators
Educational background includes Electrical Engineering and a PGDBA from IIM Kozhikode
Expertise spans senior leadership roles at GE Power and other leading power sector organizations
👀 What to Watch
Investors should view this high-caliber leadership appointment positively as it brings deep domain expertise to the company. Monitor for any strategic updates or shifts in the company's growth trajectory once the new CEO takes charge in 2026.
