TD Power Systems ends FY26 with record revenue and a deeper export engine

FY26 consolidated total income was INR 18,694.59 million, EBITDA was INR 3,429.41 million and total comprehensive income (PAT and comprehensive income) was INR 2,360.44 million, as per the investor presentation.

FY26 order inflow was INR 17,822 million (up 51% YoY). Q4 FY26 order inflow was INR 6,665 million (up 61% YoY), as per the investor presentation.

Order book as on 31 March 2026 was INR 19,729 million, as per the investor presentation.

The investor presentation states 79% of Q4 FY26 order inflow and 80% of FY26 order inflow were from exports. The order book chart shows exports including deemed export at 64.3% plus railways exports at 2.5%.

On the concall, management revised FY27 revenue guidance to INR 2,400 crore plus and indicated a high probability of further increase depending on order inflow trends.

On the concall, management indicated about INR 50 crore capex in FY27 and about INR 50 crore in FY28 for debottlenecking and incremental capacity. This excludes separate capex planned for larger generators.

Management said consolidated margins were impacted by a one-off Turkey contract affected by severe shipping delays of components from India to Turkey, resulting in a high LD penalty.