TD Power Systems LimitedQuarter ended 30 June 2026 Results & Financial Update
TD Power Systems Limited: Quarter ended 30 June 2026 consolidated results and company financials – revenue ₹640.05 Cr, PAT ₹86.29 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore TD Power Systems Quarter ended 30 June 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
TD Power Systems delivered a strong operational and financial performance during the quarter ended 30 June 2026, registering significant expansion across revenue and profitability lines compared to the corresponding period of the previous year.
Consolidated revenue from operations for Q1 FY27 reached Rs. 6,400.54 lakhs, representing a robust increase over the Rs. 3,718.95 lakhs reported in Q1 FY26, propelled by strong execution and surging order inflows.
Profit after tax for the quarter grew to Rs. 8,629.31 lakhs compared to Rs. 5,007.37 lakhs in the year-ago period, reflecting strong operational leverage and effective cost management.
The investor presentation highlighted an all-time high quarterly order inflow of Rs. 7,341 million during Q1 FY27, representing an 87% year-on-year surge, with exports constituting 93% of the total order intake.
The total consolidated order book stood at Rs. 22,073 million as of 30 June 2026, providing robust medium-term revenue visibility across steam turbine, hydro, gas engine, and gas turbine segments.
Management noted that the sustained high rate of order inflow exceeding Rs. 700 crores per quarter places execution at the forefront, and the company remains well-positioned to execute orders closely aligned with this intake rate.
01 · Business model
What does TD Power Systems do?
TD Power Systems Limited manufactures AC generators and electric motors for a wide spectrum of applications, operating out of its registered office and manufacturing facilities based in Dabaspet, Bengaluru Rural District, India.
The company's product portfolio covers generators driven by steam and gas turbines, hydro turbines, diesel and gas engines, alongside specialized applications such as marine, locomotive, and industrial testing rigs, as well as induction, synchronous, and traction motors.
TD Power Systems serves global original equipment manufacturers (OEMs), engineering procurement construction (EPC) contractors, and industrial clients across over 90 countries, supported by wholly owned subsidiaries and operating footprints in India, the United States, Europe, and Turkey.
The economic model depends on executing custom-engineered rotating electrical machines and standardized high-volume genset programs, capitalizing on robust export demand, localized manufacturing capacities, and operational efficiencies.
02 · Historical context
What shaped the business before this quarter
The company established its manufacturing facility in Bangalore and acquired core technology from Toyo Denki Japan between 1999 and 2001, subsequently expanding its market leadership position in India through the 2000s.
TD Power Systems expanded its product capabilities by signing long-term supply agreements and license arrangements with global industry leaders, including VOITH Germany for vertical hydro generators in 2009, Siemens in 2012 for 2-pole generators up to 250 MVA, and Alstom in 2017 for traction motor components.
The company commenced direct operations in Europe and the USA in 2016 and established local manufacturing operations in Turkey in 2017 to service regional markets.
In 2022, the company initiated a new business vertical dedicated to the production of induction and synchronous motors to widen its industrial offerings.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Quarter ended 30 June 2026 | Year-ago |
|---|---|---|
| Revenue from operations | ₹640.05 Cr | ₹371.90 Cr |
| Total income | ₹642.67 Cr | ₹375.87 Cr |
| Profit before tax | ₹116.89 Cr | ₹67.39 Cr |
| Profit after tax | ₹86.29 Cr | ₹50.07 Cr |
| EPS | ₹5.52 | ₹3.21 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 13.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 18.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.62 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Secured multiple orders from leading turbine OEMs across steel, cement, and sugar industries, including captive power plant orders such as a 60 MW 2-pole generator and international projects in Africa and the Middle East.
Achieved large-volume repeat orders from global OEMs for US data-center applications, alongside orders for India's largest LNG terminal and major US gas-turbine programs in the 14–18 MW range.
Exports including deemed exports drove 93% of the total order inflow during Q1 FY27, amounting to Rs. 6,836 million out of Rs. 7,341 million.
What drove margins
Strong revenue expansion and scale in standardized high-volume programs allowed better absorption of employee and other overhead costs, maintaining a strong EBITDA margin of 19.0% for the quarter.
Cost of materials consumed stood at Rs. 45,158.83 lakhs for the quarter, scaling proportionately with higher manufacturing output and execution volumes.
05 · Demand, customers & order book
Where demand is coming from
The total consolidated order book as of 30 June 2026 reached Rs. 22,073 million, comprising 69.5% exports and deemed exports (Rs. 15,332 million), 17.9% domestic orders (Rs. 3,954 million), and remaining allocations across railways, spares, and Turkey operations.
Quarterly order inflow grew 87% year-on-year to Rs. 7,341 million in Q1 FY27 compared to Rs. 3,918 million in Q1 FY26.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Secured the segment's largest order from a domestic hydro OEM for 4 x 16 MW vertical hydro generators for a major hydropower project in Africa, alongside orders across the 9–22 MW range for European and domestic projects.
Maintained steady operational contributions from spares and aftermarket services, accounting for Rs. 460 million of the consolidated order book.
Geography and market mix
Total global installations reached 8,375 units across 113 countries as of 30 June 2026, with the Bahamas newly added to the country footprint.
Continued strong order inflow from US and European OEMs targeting waste-heat, industrial, and energy-infrastructure applications.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The company continued to utilize its advanced automation, robotics, and in-house manufacturing capabilities at its Dabaspet facilities to optimize efficiency and handle complex manufacturing tasks.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Positioned the company as a strategic global manufacturing partner for high-volume, export-driven programs with major international OEMs in gas turbine and engine segments.
09 · Reported developments
What changed operationally
Achieved highest-ever quarterly order inflow and sales during Q1 FY27, reflecting broad-based demand across generator verticals.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated financial liabilities included short-term borrowings of Rs. 238.10 million as of 30 June 2026, compared to Rs. 180.96 million as of 31 March 2026.
11 · Management guidance & targets
What management is targeting from here
Management upgraded its FY 27 revenue guidance to Rs. 2,600 crores, backed by a strong outlook for FY 27 and FY 28, buoyant demand, and an order inflow rate exceeding Rs. 700 crores per quarter.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Internal Auditor Appointment
The board re-appointed M/s. Avanza Management Consulting, Chartered Accountants, Bangalore, for carrying out the internal audit of the company for the financial year 2026-27.
Reported update
CSR and Community Initiatives
The company actively pursued CSR initiatives during the quarter, including school readiness programs, rooftop solar installations at government schools, healthcare equipment donations, and support for neuro-rehabilitation and sports excellence trusts.
13 · Key Q&A
The quarter, answered directly
What does TD Power Systems do?
TD Power Systems Limited manufactures AC generators and electric motors for a wide spectrum of applications, operating out of its registered office and manufacturing facilities based in Dabaspet, Bengaluru Rural District, India.
What is the clearest takeaway from Quarter ended 30 June 2026?
TD Power Systems delivered a strong operational and financial performance during the quarter ended 30 June 2026, registering significant expansion across revenue and profitability lines compared to the corresponding period of the previous year.
What drove revenue or demand?
Secured multiple orders from leading turbine OEMs across steel, cement, and sugar industries, including captive power plant orders such as a 60 MW 2-pole generator and international projects in Africa and the Middle East.
What mattered most for margins or profitability?
Strong revenue expansion and scale in standardized high-volume programs allowed better absorption of employee and other overhead costs, maintaining a strong EBITDA margin of 19.0% for the quarter.
What changed operationally beyond the headline numbers?
The company continued to utilize its advanced automation, robotics, and in-house manufacturing capabilities at its Dabaspet facilities to optimize efficiency and handle complex manufacturing tasks.
What is management guiding or targeting from here?
Management upgraded its FY 27 revenue guidance to Rs. 2,600 crores, backed by a strong outlook for FY 27 and FY 28, buoyant demand, and an order inflow rate exceeding Rs. 700 crores per quarter.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Execution of High Order Inflows: Monitor the company's ability to maintain conversion rates on order inflows exceeding Rs. 700 crores per quarter to meet the upgraded Rs. 2,600 crore guidance for FY 27.
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