TD Power Systems Reports Strong H1 FY26 Results, Raises FY26 Guidance to ₹1800 Cr, FY27 to Over ₹2000 Cr
TD Power Systems reported strong H1 FY26 results with a 37% PAT increase. Revised FY26 revenue guidance to ₹1800 crore and FY27 to over ₹2000 crore, driven by high demand in gas turbine/engine and strategic capacity expansion.
The announcement includes substantial financial improvements, a significant increase in future revenue guidance, and strategic updates on capacity expansion and new product development that are expected to drive long-term growth and market share. These factors point to a high impact on investor perception and stock performance.
The company reported strong financial growth with significant increases in income and profit on both standalone and consolidated bases. It also provided an upward revision of revenue guidance for both current and next fiscal years, indicating robust future outlook and demand.
* TD Power Systems Limited announced robust financial performance for the half-year (H1) ended September 30, 2025, and Quarter 2 (Q2) FY26, along with increased future guidance. * Standalone H1 FY26 Performance: Total income rose 33% to ₹764 crore (₹7.64 billion) from ₹577 crore (₹5.77 billion) year-on-year. EBITDA margin improved to 18.42% from 18.04%. Profit After Tax (PAT) increased 37% to ₹98.9 crore (₹989 million) from ₹72 crore (₹720 million). * Consolidated H1 FY26 Performance: Total income grew 42% to ₹833 crore (₹8.33 billion) from ₹589 crore (₹5.89 billion). Consolidated PAT increased 45% to ₹110.8 crore (₹1.108 billion) from ₹76.4 crore (₹764 million). * Order Book & Inflow: The manufacturing segment's order book stands at ₹1587 crore (₹15.87 billion). Q2 FY26 order inflow surged 45% quarter-on-quarter to ₹524 crore (₹5.24 billion). H1 FY26 order inflow increased 39% to ₹916 crore (₹9.16 billion) from ₹658 crore (₹6.58 billion). * Guidance: The company revised its FY26 revenue guidance upwards to ₹1800 crore (₹18 billion) and set initial FY27 guidance at over ₹2000 crore (₹20 billion), driven by strong demand, especially in the gas turbine and gas engine segments. * Capacity Expansion: The third manufacturing plant is expected to be fully commissioned in Q3 FY26, increasing production and sales in Q4. The company does not foresee major capacity investments until FY28, with potential to reach ₹2500-₹2600 crore with incremental investments. * Segment Outlook: * Gas Turbine & Gas Engine: Experiencing a dramatic increase in demand, particularly from US and Europe for data centers. * Steam Turbine: Steady 10-12% growth in both Indian (captive, biomass, waste heat recovery) and export markets. * Hydro: FY27 is projected to be the best year for hydro business, primarily from outside India (Nepal and Vietnam). * Railway: Trial units for US and Europe markets are expected to be handed over by the end of Q3 FY26, with qualification in Q4 FY26 and volume production in Q1 FY27. Russian traction motors testing is slated for Q4 FY27. * New Product Development: A large generator (50-150 MW) developed for gas turbines will be offered to customers by end of December 2025/early January 2026, representing a multi-hundred crore opportunity. * US Trade Deal Impact: The company is prepared to shift US-bound production to its Turkey facility if a trade deal between India and the US, expected in November/December 2025, does not materialize, to mitigate tariff impacts.
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TD Power Systems Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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