TD Power Systems Limited (533553) Q1 26/27 earnings summary

Executive summary

• Achieved record Q1 FY27 revenue and order inflow, with standalone revenue at ₹6,278.42 million and consolidated revenue at ₹6,400.54 million, up over 71% year-over-year.

• Standalone profit after tax reached ₹864.64 million, with consolidated PAT at ₹862.93 million, both up over 72% year-over-year.

• Order inflow for Q1 FY27 was ₹7,341 million, up 87% year-over-year, with 93% from exports; order book stood at ₹22,073 million.

• Upgraded FY27 revenue guidance to ₹2,600 crores, reflecting robust order pipeline and execution capability.

• Achieved highest revenue and PAT since inception in 2024, on track for third consecutive year of record performance by 2026.

Financial highlights

• EBITDA margin for Q1 FY27 was 19.34%, up from 18.7% year-over-year; EBITDA reached ₹1,217 million.

• Gross profit margin for Q1 FY27 was 34.7%, compared to 35.3% in Q1 FY26.

• Basic earnings per share for the quarter was ₹5.54, up from ₹3.07 year-over-year.

• Strong cash position maintained at $2.4 billion; cash and cash equivalents increased to ₹1,196 million as of June 2026.

• Working capital and current liabilities increased, mainly due to customer advances and higher tax provisions.

Outlook and guidance

• FY27 revenue guidance revised to ₹2,600 crores, with potential to exceed; strong outlook for FY27 and FY28.

• Capacity expansion planned: ₹500 million CapEx in FY27 to reach ₹32 billion revenue potential by FY28; further expansion to ₹40 billion+ targeted for FY29-FY30.

• Market demand remains strong across all segments, driven by AI data centers, grid stabilization, and renewables.

• No slowdown in order inflow or execution delays impacting guidance.

• Management expects continued operational and financial support for subsidiaries and anticipates improvement in market conditions.