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TDTDPOWERSYS

TD Power Systems Q2 FY26 results (Jul–Sep 2025) and concall

Capital Goods · Concall AI · Call held 31 Oct 2025

TD Power Systems reported a strong H1 FY26, with standalone total income growing 33% and PAT by 37%. The company saw robust order inflows, including a 45% QoQ increase in Q2, driven by high demand in gas turbine and gas engine segments. Management revised FY26 revenue guidance upwards to INR 18 billion and provided initial FY27 guidance over INR 20 billion, supported by significant capacity. However, gross profit margins were impacted by product mix in Q1, and cash conversion was low due to inventory build-up for rapid production scaling.

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What they filed

Q2 FY26: revenue up 30.3%, net profit up 24.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue304 321 376 358 396 +30%
EBITDA54 52 59 65 69 +28%
Net profit41 37 44 48 51 +24%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.