ALFA Finder
The call ran from 11:31 AM to 12:21 PM IST (51 min).
Key takeaways
TDPS delivered stellar Q2/H1 performance with revenue surging 91% YoY, driven by global data center demand and industrial steel cycle.
| Management target | Revenue 16.0% FY28 |
|---|
| Revenue growth | H1 revenue surged 91% YoY on standalone basis. |
|---|---|
| Margins | EBITDA margins stable at 19-20%; sustainable outlook near 19%. |
| Order book | Order inflow up 57% QoQ to ₹8.24 billion. |
| Demand visibility | Strong visibility through 2030 led by data centers and grid stabilization. |
| Management confidence | Extremely high confidence; focused on execution and capacity matching. |
Growth
H1 standalone income hit ₹14.55 billion, a 91% YoY jump; H1 PAT grew 110% YoY to ₹2.07 billion.
Outlook
Management raised FY27 revenue guidance to ₹29-30 billion; initial FY28 outlook set at ₹34-35 billion.
Risks
Single OEM partnership for large generators creates concentration risk; potential US regulatory shifts on data center efficiency.
Last quarter's promises, checked
Delivered
- Orders ~₹700cr/qtr → ₹824cr Q2 (= BEAT)
- Orders ₹2,800cr/yr pace → ₹1,558cr H1 (= BEAT)
- EBITDA 18–19% (analyst-cited, unconfirmed) → 19–20% (= BEAT)
Partly delivered
- FY27 rev ₹2,600cr → H1 ₹1,455cr standalone; raised to ₹2,900–3,000cr (= PARTIAL)
- FY28 ~₹3,200cr capacity → FY28 target ₹3,400–3,500cr (= PARTIAL)
Missed
- Large-generator deal 'announce Aug' → not in current summary (= MISS)
- FY29–30 ₹40bn+ capacity plan 'next call' → absent (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
TD Power Systems Q2 FY27 Results: Net Profit ₹123.7 Cr, Up 105.5% YoY
TD Power Systems Ltd reported revenue from operations of ₹841.3 Cr (+85.9% YoY) and net profit of ₹123.7 Cr (+105.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹123.7 Cr · +105.5% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Raised FY27 revenue guidance to INR 2,600 crore; planning capex to reach INR 40 billion capacity by FY29-30.
Growth they described
Consolidated sales up 71% to INR 6.43 billion; Standalone PAT up 81% to INR 853 million.
Call details
| Company | TD Power Systems Ltd |
|---|---|
| NSE symbol | TDPOWERSYS |
| ISIN | INE419M01035 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 11:30 AM IST |
| Length | 51 min |
| Audio | Our stream on YouTube ↗ |
TD Power Systems Ltd: key numbers
- Share price
- ₹637.55
- Market cap
- ₹20,494 Cr
- Revenue (annual)
- ₹1,856 Cr
- Net profit (annual)
- ₹238.8 Cr
- P/E (TTM)
- 60.5×Sector 52.1×
- Promoter holding
- 26.51%-0.36% QoQ
- FII holding
- 22.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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