TD Power Systems Limited (533553) Q4 25/26 earnings summary

Executive summary

• Standalone and consolidated income for FY26 rose sharply, with consolidated revenue reaching ₹185,623.38 lakhs and profit after tax at ₹23,877.49 lakhs, marking the third consecutive year of record performance.

• Achieved highest revenue and PAT since inception, supported by strong global presence with over 8,000 generators installed across 113 countries.

• Major investments in automation, robotics, and quality systems to enhance manufacturing efficiency and product reliability.

• Board recommended a final dividend of ₹1.10 per equity share and approved a 1:2 stock split, subject to shareholder approval.

• Audit reports for both standalone and consolidated results carried unmodified opinions.

Financial highlights

• FY26 consolidated revenue rose 44%-45% year-over-year to ₹185,623.38 lakhs, with PAT up 36% to ₹23,877.49 lakhs; Q4 revenue up 67% YoY.

• Order inflow for FY26 surged 51% YoY to ₹22,385 million, with 80% from exports; order book at ₹19,729 million as of March 31, 2026.

• EBITDA margin for FY26 at 18.3%, with gross profit margin at 33.6%.

• Cash and cash equivalents at ₹783 million; strong reserves and low finance costs.

• Earnings per share (standalone, basic) for FY26 was ₹13.86, up from ₹9.84 in FY25.

Outlook and guidance

• Revenue guidance for FY27 is INR 24 billion+, with capacity to address INR 32 billion by FY28; strong demand outlook across all business verticals.

• Management expects 20%-25% order book growth in FY27 and continued strong order inflow; capacity expansion planned, especially for larger generators.

• Margins expected to revert to historical levels, excluding the Turkey one-off event.

• Positive outlook for FY27 and FY28, with focus on execution and scaling up production.