TD Power Systems Ltd
TD Power Systems Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY '27 revenue guidance is around INR 24 billion (INR 2,400+ crores). TD Power Systems is witnessing strong market growth, driven by AI data centers, grid stabilization, renewables, geothermal, hydro, and waste-to-energy sectors, indicating sustained future demand.
From TD Power Systems Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '27 revenue guidance is around INR 24 billion (INR 2,400+ crores).
- Capacity to address up to INR 32 billion revenue by FY '28, expected conservatively.
- Order book of INR 19.7 billion is planned for full execution in the current year.
- Order book inflow growing quarter-on-quarter, with a projected 20%-25% order book growth in FY '27 over FY '26.
- Current capacity plus incremental capex of INR 50 crores each in FY '27 and FY '28 supports reaching INR 30-32 billion in revenue.
- Large generator business to see capacity ramp-up starting calendar year 2027, with big growth expected from FY '29 onwards.
- Steam turbine segment expected to grow steadily at 10%-12% annually.
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Profitability & Margins
See what TD Power Systems Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- TD Power plans to invest around INR 50 crores in capex this year and a similar amount next year, focused on debottlenecking, adding incremental capacity, and automation to enhance current facilities.
- This investment is separate from the capex planned for the larger generator business expansion.
- For large generators, heavy investment is planned to build up rotor manufacturing capacity and large machining capabilities for machines up to 200 MW size.
- The exact investment amount and business plan details for large generator capex will be disclosed in 2-3 months.
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what TD Power Systems Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book for the Manufacturing segment is INR 19.73 billion.
- Breakdown includes INR 16.77 billion in the generator business, INR 2.47 billion in railway business, INR 0.20 billion in spares and aftermarket, and INR 0.29 billion from Turkey.
- Order inflow for the current year is INR 22.38 billion, up 51% from INR 14.78 billion the previous year.
- Export order inflow (including deemed exports) during the quarter is 80% of total orders, amounting to INR 5.28 billion.
- Export order inflow for the full year is INR 17.33 billion, a 76% increase from the previous year's INR 9.85 billion.
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TD Power Systems Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹589 Cr, net profit ₹72 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What TD Power Systems Ltd's management said in earlier quarters
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were TD Power Systems Ltd Q4 FY26 results?
FY '27 revenue guidance is around INR 24 billion (INR 2,400+ crores). TD Power Systems is witnessing strong market growth, driven by AI data centers, grid stabilization, renewables, geothermal, hydro, and waste-to-energy sectors, indicating sustained future demand.
What is TD Power Systems Ltd share price analysis?
TD Power Systems Ltd currently shows a neutral. The stock trades at a P/E of 78.6 with a market cap of ₹18,777 Cr. Investors should review the full earnings analysis for detailed insights.
Is TD Power Systems Ltd planning capital expenditure?
TD Power plans to invest around INR 50 crores in capex this year and a similar amount next year, focused on debottlenecking, adding incremental capacity, and automation to enhance current facilities.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.