TD Power Systems Limited (533553) Q3 24/25 earnings summary

Executive summary

• Consolidated total income for nine months ended Dec 31, 2024, rose 26% year-over-year to INR 9.43 billion, with profit after tax and other comprehensive income up 37% to INR 1.21 billion.

• Achieved highest ever revenue, EBITDA, PAT, and order inflow for 9MFY25, with strong export-driven growth and a diversified global order book.

• Order inflow for the quarter reached an all-time high of INR 4.07 billion, up 52% quarter-over-quarter and 40% year-over-year for the nine-month period.

• Export orders dominate, comprising 66-71% of total order inflow, with strong growth in gas turbines, gas engines, and motors.

• Major orders secured across railways, navy, data centers, energy transition, and special applications, reinforcing global market presence.

Financial highlights

• 9MFY25 revenue reached ₹9,346 million, up 26% YoY; EBITDA at ₹1,694 million, up 32% YoY; PAT at ₹1,207 million, up 37% YoY.

• Q3FY25 revenue grew 43% YoY to ₹3,510 million; PAT rose 48% YoY to ₹443 million.

• Gross profit margin for 9MFY25 improved to 35.0% from 34.2% YoY; EBITDA margin rose to 18.1%.

• Order book at INR 13.09 billion, with manufacturing at INR 9.6 billion and railway at INR 3.33 billion.

• Cash position remains strong at INR 2 billion.

Outlook and guidance

• FY25 revenue guidance maintained at INR 12.75 billion; initial FY26 guidance set at INR 15 billion, with potential upside.

• New plant commissioning in FY26 expected to drive further growth, with full impact in H2.

• Export order inflow remains the primary growth driver, with energy transition and global OEM demand fueling momentum.

• Compounded annual growth rate of 20%-30% projected, with capacity post-expansion at INR 18 billion.