TD Power Systems Limited – Investor Presentation Summary

Key Operational Highlights

  • Total installations reached 8,772 units across 114 countries as of September 30, 2026, with Mongolia added as a new country
  • Manufacturing facility features advanced automation and robotics implementation for enhanced efficiency and precision
  • Complete in-house critical operations ensuring quality control and reduced lead times

Key drivers of operational performance: Implementation of advanced automation and robotics, complete in-house critical operations, and expansion to new international markets.

Segment-wise Performance

Steam Turbine Generator Segment: Secured continued intake from leading turbine OEMs for domestic steel-industry installations (45-60 MW range, 11 kV), won biggest 4-pole order (1 × 60 MW, 11 kV) for iron & steel project, sustained export intake across European OEMs and Global Energy majors, secured 4 × 16 MW, 15 kV, 60 Hz order for barge-mounted power plant.

Hydro Generator Segment: Secured segment's largest order for vertical hydro generators in Nepal, won horizontal hydro generators for run-of-river project in Nepal, large orders expected for both vertical and horizontal machines across multiple hydropower projects.

Gas Engine Generator Segment: Secured large-volume serial-production orders from leading global OEMs for data-centre applications (13.8 kV), won high-volume repeat orders for installations in Americas (13.8 kV, 60 Hz), secured competitor-replacement order for mining customer in Africa (11 kV).

Gas Turbine Segment: Secured significant volume orders from major global gas-turbine OEM for programs in Americas (13.8 kV), won orders from second major global OEM across multiple ratings, secured orders for Oil & Gas and Industrial power generation in Central Asia (6.6 kV).

Explanation of significant changes in segment performance: Strong growth driven by increased export orders across all segments, particularly in steam turbine and gas engine generators for data-center and industrial applications.

Financial Highlights

Q2 FY27 Performance:

Revenue: ₹8,413.19 million

EBITDA: ₹1,736.85 million

PAT: ₹1,237.47 million

EPS: Not Specified

Margins: Gross Profit Margin 33.5%, EBITDA Margin 20.64%, PAT Margin 14.7%

H1 FY27 Performance:

Revenue: ₹14,813.73 million

EBITDA: ₹2,953.68 million

PAT: ₹2,100.40 million

Margins: Gross Profit Margin 34.0%, EBITDA Margin 19.94%, PAT Margin 14.2%

YoY comparison: Q2 Total Income grew 85% YoY, Gross Profit grew 85% YoY, EBITDA grew 102% YoY, PAT grew 106% YoY

Drivers of financial performance: Higher revenue growth, operational efficiencies, and strong export order intake.

Comparison to market estimates: Not Specified

Key Risks: Not explicitly disclosed in presentation

Geographical Revenue Split

Export vs Domestic Order Inflow:

Q2 FY27: 88% of order inflow from Exports

H1 FY27: 90% of order inflow from Exports

Regional Breakdown: Orders secured across Europe, Americas, Central Asia, Africa, and South Asia (Nepal)

Balance Sheet Snapshot

As of September 30, 2026:

Total Assets: ₹25,017.69 million

Total Equity: ₹13,396.04 million

Reserves: ₹13,082.34 million

Current Assets: ₹21,447.52 million

Current Liabilities: ₹11,472.38 million

Working Capital/Leverage Metrics:

Cash and cash equivalents: ₹2,888.85 million

Bank balances other than cash: ₹1,296.36 million

Trade receivables: ₹9,529.25 million

Inventories: ₹5,993.31 million

Trade payables: ₹4,565.81 million

Financial Health Insights: Strong cash position improvement from ₹783.40 million (Mar-26) to ₹2,888.85 million (Sep-26), healthy reserve accumulation.

Capex & Cash Flow Health

Capital Expenditure: Capital Work-in-Progress stood at ₹201.00 million (Sep-26) vs ₹173.25 million (Mar-26)

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: No borrowings as of Sep-26 vs ₹180.96 million as of Mar-26

Investment Rationale: Focus on automation, robotics, and manufacturing capacity expansion

Strategic & R&D Initiatives

Investments in Innovation: Implementation of advanced automation and robotics in manufacturing processes, precision robotics implementation since 2017

Expected impact on growth: Enhanced efficiency, accuracy, and consistency in manufacturing; ability to manage complex tasks with greater precision

Strategic Rationale: Maintaining world-class manufacturing standards, optimizing efficiency, reducing lead times, and staying competitive

Industry Trends & Business Environment

Macro/Industry Trends: Strong demand across all verticals of generator business, healthy enquiry pipeline across South Asia, Europe and India

Impact on Company: Positioning as strategic global manufacturing partner for major OEMs, strong momentum in standardized high-volume programs

Management Commentary & Growth Outlook

Strategic Outlook: "TDPS continues to see very strong demand across all verticals of the generator business. Order inflow is very strong with the pipeline extremely buoyant across all segments"

FY Guidance: Upgraded FY27 revenue guidance to ₹2,900-3,000 crores

Market Share Targets: Not Specified

Risks and Opportunities: Not explicitly highlighted

CSR Initiatives

Education: School Readiness Program in collaboration with Keyed Foundation (20 government schools in Anekal Block), Rooftop Solar PV Program at four government schools, Rehabilitation and remedial support for children with learning disabilities with Spastics Society of Karnataka

Healthcare and Sports: Medical equipment donation to Shri Atal Bihari Vajpayee Medical College, Neuro Rehabilitation Center establishment, Sports Excellence Trust support with force plate donation