TD power systems reports strong H1 growth, raises FY26 guidance

TD Power Systems Limited (TDPS) reported a significant 33% increase in total income for H1 FY26 on a standalone basis, reaching INR 7.64 billion, up from INR 5.77 billion in the same period last year. Profit after tax and comprehensive income for H1 also surged by 37% to INR 989 million, compared to INR 720 million previously. The company's order book for the manufacturing segment stood at INR 15.87 billion, with INR 12.35 billion from the generator business. Order inflow during Q2 FY26 increased by 45% quarter-on-quarter to INR 5.24 billion, bringing H1 FY26 inflow to INR 9.16 billion, a 39% rise from the previous H1.

Exports and deemed exports, excluding railway orders, contributed 76% to the H1 order inflow, totaling INR 6.95 billion. TDPS's consolidated total income for H1 FY26 reached INR 8.33 billion, a 42% increase from INR 5.89 billion, with consolidated profit after tax and comprehensive income growing by 45% to INR 1.108 billion. The company maintains a strong cash balance of INR 1.93 billion.

The company has raised its financial year 2026 guidance to INR 18 billion and anticipates over INR 20 billion for FY27, largely due to a dramatic increase in demand in the gas turbine and gas engine business, particularly from the US and Europe. TDPS expects its third plant to be fully commissioned by December 2025, reaching full operational capability by mid-January 2026, which will support continued growth beyond INR 2,400-2,500 crores in revenue.