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

Executive summary

• Consolidated total income for nine months ended Dec 2024 rose 26% year-over-year to INR 9.43 billion, with profit after tax 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.

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

• Unaudited financial results for the quarter and nine months ended December 31, 2024, were approved and reviewed by the Board and auditors, with no material misstatements identified.

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.

• Order inflow for 9MFY25 was ₹10,649 million, up 40% YoY, with 71% from exports.

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

• Standalone revenue for Q3 FY25 was ₹32,101.38 lakhs, up from ₹23,036.18 lakhs in Q3 FY24; nine-month revenue reached ₹88,905.15 lakhs.

Outlook and guidance

• FY25 revenue guidance maintained at ₹12.75 billion; initial FY26 guidance set at ₹15 billion, with potential upward revision.

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

• New plant commissioning in Q1 and Q2 FY26 will drive capacity and revenue growth.

• Management expects continued improvement in market conditions, with the Indian subsidiary’s net worth remaining positive and no impairment required.