TD Power Systems Q1 Order Inflow Up 87% YoY

Document Overview

This document is an investor presentation submitted to BSE Limited and the National Stock Exchange of India Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, covering the company's performance for Q1 FY27 ended June 30, 2026.

Management Team

The presentation details the management structure:

Managing Director: Nikhil Kumar - Leads operations, strategic planning, technology alliances, sales and marketing with over 3 decades of experience in electrical rotating machines manufacturing.

Chief Executive Officer: Deepak Kumar Sinha - Over 30 years of experience in power sector, previously served as Chief Executive and Whole-time Director of L&T-MHI Power Turbine Generators Private Limited.

Chief Financial Officer: M N Varalakshmi - Part of founder-member team with 28 years of experience in finance function, ICWA qualified.

Global Head – Sales and Marketing: Vinay Hegde - Founder member with 28 years of experience in sales & marketing.

Chief Technical Officer: Ramakrishna Varna - Founder member with 30 years of experience, Mechanical Engineer and MBA.

Company Secretary: Bharat Rajwani - Associate Member of ICSI and law graduate.

Board of Directors

Managing Director: Nikhil Kumar

Promoter & Non-Executive Chairman: Mohib N. Khericha - Managing Director of Chartered Capital And Investment Limited

Non-Executive Director: Prabhamani S - Founder member with 37 years of experience

Independent Director: Rahul Matthan - Technology law expert, DPI Advisor to Ministry of Finance

Independent Director: Prathibha Shastry - Strategic advisor to startups

Independent Director: Alexander Olsson - Executive Vice President of Archer Ltd., oil & gas industry experience

CSR Initiatives

The company reported several CSR activities:

School Readiness Program with Keyed Foundation in 20 government schools in Anekal Block, Bengaluru Rural
Rooftop Solar PV Program: Installed 5KVA off-grid systems at three Bangalore schools and 11 kilowatt off-grid system at one Udupi district school
Rehabilitation support for children with learning disabilities partnership with Spastic Society of Karnataka, benefiting 282 children
Medical equipment donation to Shri Atal Bihari Vajpayee Medical College and Research Institute through Give Foundation
Neuro Rehabilitation Center establishment with Bangalore Sanjayanagar Lions Charitable Trust, equipment worth ₹11.35 lakhs
Sports Excellence Trust support with force plate donation

Operational Highlights

Summary of Installations as on June 30, 2026:

Total 8,375 units (including Made in Turkey Generators)
113 countries served
New country added: Bahamas

Q1 FY27 Performance Highlights

Order Inflow:

Q1 FY27: ₹7,341 million (87% YoY growth from ₹3,918 million in Q1 FY26)
93% of order inflow from exports: ₹6,836 million (vs ₹2,573 million in Q1 FY26)
Order Book as of June 30, 2026: ₹22,073 million

Segment-wise Order Highlights:

Steam Turbine Generator Segment:

Multiple orders from leading turbine OEMs across steel, cement and sugar industries
International projects in Africa and Middle East
Captive Power Plant orders including 60 MW, 2-pole range generator
Export orders from European and US OEMs for USA energy-infrastructure projects
Continued strong order intake for domestic steel-industry installations (15-45 MW range)

Hydro Generator Segment:

Largest order from Domestic Hydro OEM for 4 × 16 MW vertical hydro generators for African hydropower project
Orders from European and Domestic Hydro OEMs for projects in Europe and India (9-22 MW range)
Sustained traction in South Asia including Nepal

Gas Engine Generator Segment:

Large-volume repeat orders from global OEMs for US data center applications
Order from domestic OEM for ~6 MW machine for India's largest LNG terminal
Strong momentum in standardized, high-volume programs

Gas Turbine Segment:

Significant volume orders from major global gas-turbine OEM (14-18 MW range, multi-project)
Strong expected pipeline from second major global OEM (12-19 MW ratings for US programs)
Demand supported by data-center expansion, oil & gas and industrial applications across USA

Financial Performance - Q1 FY27 Consolidated

Profit and Loss Account (₹ in million):

| Metric | Q1FY27 | Q1FY26 | YoY Growth | Q4FY26 | QoQ Growth |

| Revenue from Operations | 6,400.54 | 3,718.99 | 72% | 5,891.94 | 9% |

| Other Operational Income | 0.49 | 19.60 | -97% | 59.18 | -99% |

| Total Income | 6,401.03 | 3,738.59 | 71% | 5,951.12 | 8% |

| Cost of Goods Sold | 4,180.09 | 2,419.21 | 73% | 4,082.57 | 2% |

| Gross Profit | 2,220.94 | 1,319.37 | 68% | 1,868.55 | 19% |

| Gross Profit Margin | 34.7% | 35.3% | -60 bps | 31.4% | 330 bps |

| Employee Cost | 545.22 | 368.26 | 48% | 445.13 | 22% |

| Other Expenses | 458.90 | 243.18 | 89% | 385.70 | 19% |

| EBITDA | 1,216.82 | 707.93 | 72% | 1,037.72 | 17% |

| EBITDA Margin | 19.0% | 18.9% | 10 bps | 17.4% | 160 bps |

| Depreciation | 71.65 | 49.91 | 44% | 69.55 | 3% |

| EBIT | 1,145.18 | 658.02 | 74% | 968.18 | 18% |

| Finance Cost | 1.92 | 4.24 | -55% | 2.79 | -31% |

| Other Income - Interest | 25.68 | 20.13 | 28% | 21.63 | 19% |

| Profit before Tax | 1,168.94 | 673.91 | 73% | 987.02 | 18% |

| Tax | 306.01 | 173.17 | 77% | 265.11 | 15% |

| Profit After Tax (PAT) | 862.93 | 500.74 | 72% | 721.91 | 20% |

| PAT Margin | 13.5% | 13.4% | 10 bps | 12.1% | 140 bps |

| Other Comprehensive Income | -3.40 | -0.53 | 542% | -19.47 | -83% |

| Total Comprehensive Income | 859.53 | 500.21 | 72% | 702.44 | 22% |

Consolidated Balance Sheet (as of June 2026)

Assets (₹ in million):

Intangible assets: 193.49
Intangible assets under development: 90.29
Financial Assets: 0.05
Investments: 22.52
Other Non-Current Assets (Net): 131.43
Current Assets: 17,409.16
Inventories: 5,685.92
Trade receivables: 7,853.25
Cash and cash equivalents: 1,196.20
Bank balances other than cash: 1,203.02
Other Financial Assets: 525.88
Other Current Assets: 1.43
Current tax asset: 943.46

Equity & Liabilities (₹ in million):

Total Equity: 11,579.21
Share Capital: 312.46
Reserves & Surplus: 11,266.75
Non-Current Liabilities: 156.11
Provisions: 112.66
Deferred Tax Liabilities: 43.44
Current Liabilities: 9,006.30
Borrowings: 238.10
Trade Payables: 3,802.83
Other Financial Liabilities: 1,700.61
Other Current Liabilities: 2,895.79
Current tax liabilities (net): 265.21
Provisions: 103.76
Total Equity & Liabilities: 20,741.61

Historical Financial Performance

Consolidated Profit and Loss (₹ in million):

| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | CAGR |

| Revenue from Operations | 18,562.34 | 12,787.62 | 10,005.20 | 8,722.97 | 7,974.25 | 5,935.84 | 26% |

| Other Operational Income | 132.25 | 123.19 | 46.97 | 110.13 | 85.36 | 12.24 | -

| Total Income | 18,694.59 | 12,910.80 | 10,052.16 | 8,833.10 | 8,059.61 | 5,948.08 | 26% |

| Gross Profit | 6,284.51 | 4,602.35 | 3,500.30 | 2,929.43 | 2,360.78 | 1,989.16 | -

| Gross Profit Margin | 33.6% | 35.6% | 34.8% | 33.2% | 29.3% | 33.4% | -

| EBITDA | 3,429.41 | 2,430.78 | 1,720.90 | 1,412.29 | 1,004.16 | 671.72 | 39% |

| EBITDA Margin | 18.3% | 18.8% | 17.1% | 16.0% | 12.5% | 11.3% | -

| PAT | 2,387.76 | 1,745.75 | 1,183.48 | 968.12 | 706.49 | 452.04 | -

| PAT Margin | 12.8% | 13.5% | 11.8% | 11.0% | 8.8% | 7.6% | -

| Total Comprehensive Income | 2,360.44 | 1,733.58 | 1,156.46 | 945.38 | 614.33 | 436.65 | 40% |

Shareholding Pattern

As on June 30, 2026:

Mutual Funds & AIF: 23.9%
FII's: 26.2%
Others: 23.0%
Total Holding: 100%

Shareholders with more than 1% holding (Excl. Promoters):

Aditya Birla Sun Life Mutual Fund
Axis Mutual Fund
BoFA Securities - Europe
Goldman Sachs Asset Management (FII)
HSBC Mutual Fund
ICICI Prudential Mutual Fund
Nippon Mutual Fund
Oxbow Master Fund (FII)
Sundaram Mutual Fund
Vanguard Fund (FII)

Business Outlook

The company provided strong forward guidance:

Very strong demand across all verticals of generator business
Order pipeline extremely buoyant
Delivered highest-ever quarterly order inflow and sales during Q1 FY27
Current order inflow rate exceeds ₹700 crores per quarter
Outlook for FY27 and FY28 is strong
Upgraded FY27 guidance to ₹2,600 crores