TD Power Systems Limited (533553) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 delivered record quarterly sales and order inflow; total income reached ₹8,414 Mn, up 85% YoY. H1 total income was ₹14,815 Mn, up 79%.

• FY27 revenue guidance was raised to ₹2,900–3,000 crore; the September 30, 2026 order book stood at ₹23,187 Mn.

• An interim dividend of ₹0.65 per ₹1 equity share was declared, payable within 30 days.

Financial highlights

• Consolidated Q2 FY27 revenue was ₹84,131.88 lakh vs ₹45,246.54 lakh YoY; PBT was ₹16,775.44 lakh vs ₹8,182.24 lakh and PAT ₹12,374.66 lakh vs ₹6,019.31 lakh.

• Q2 EBITDA was ₹1,736.85 Mn, up 102% YoY; H1 EBITDA was ₹2,953.68 Mn, up 89%.

• Standalone Q2 revenue was ₹82,313.10 lakh; PBT was ₹16,326.52 lakh and PAT ₹12,131.15 lakh. Standalone H1 revenue was ₹145,097.29 lakh, PBT ₹27,992.65 lakh and PAT ₹20,777.51 lakh.

• Order inflow was ₹8,244 Mn in Q2 FY27, up 57% YoY, and ₹15,585 Mn in H1, up 70%; exports were 88% and 90%, respectively.

• Standalone H1 net cash from operating activities was ₹17,272.64 lakh vs ₹2,765.80 lakh in H1 FY26.

Outlook and guidance

• FY27 revenue guidance was raised to ₹2,900–3,000 crore; outlook for FY27 and FY28 was described as strong.

• Quarterly order-inflow run rate exceeded ~₹750–800 crore, with execution prioritized and positioning to deliver close to that rate.

• Strong pipeline across segments supports growth, with large hydro orders expected across multiple projects.