TD Power Systems Limited announced that Mr. Swapnil Kaushik, Director-Business Development, will superannuate from the services of the company with effect from May 31, 2026. Consequently, he will cease to be a Senior Management Personnel of the company under the SEBI Listing Regulations. The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company informed BSE Limited and The National Stock Exchange of India Ltd. regarding the change in its senior management. The reason for the cessation of role is cited as superannuation. The regulatory disclosure was read with Part A Para A of Schedule III and referenced the SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

The details of the change were provided in an annexure to the filing. The table below outlines the specific particulars regarding the retirement:

The filing was signed by Bharat Rajwani, Company Secretary & Compliance Officer of TD Power Systems Limited. The company's registered office is located at 27, 28 and 29, KIADB Industrial Area, Dabaspet, Nelamangala Taluk, Bengaluru Rural District.

TD Power Systems Limited has released the transcript of its earnings conference call for the quarter and year ended March 31, 2026. The call, held on May 15, 2026, provided detailed insights into the company's financial performance and future outlook.

Financial Performance

On a stand-alone basis, the company reported a total income of INR17.37 billion for the year ended March 31, 2026, compared to INR12.88 billion in the previous year, marking a 35% increase. Profit after tax (PAT) rose by 42% to INR2.18 billion from INR1.53 billion in the same period last year. The EBITDA margin stood at 18.14%, including other income but excluding exceptional and treasury income, compared to 17.46% in the prior year.

On a consolidated basis, total income increased by 44% to INR18.78 billion from INR13.02 billion. Consolidated PAT grew by 36% to INR2.36 billion from INR1.73 billion. The company maintains a strong cash position of INR1.99 billion.

Operational Highlights

The order book for the manufacturing segment stands at INR19.73 billion, comprising INR16.77 billion from the generator business, INR2.47 billion from the railway business, and INR0.29 billion from Turkey. Export and deemed exports, excluding railway orders, account for approximately 76% of the order book.

Order inflow during the quarter was INR6.66 billion, a 61% increase on a quarter-on-quarter basis. For the full year, order inflow reached INR22.38 billion, a 51% increase compared to the previous year's INR14.78 billion. Export order inflow, including deemed exports, was INR5.28 billion during the quarter, constituting 80% of the total.

Guidance and Outlook

The company has revised its revenue guidance for FY27 to INR2,400-plus crores. Management indicated a high probability of further increasing this guidance to match the strong order inflow observed in Q4 and expected throughout the current financial year. Capacity additions are expected to enable the company to address revenue potential up to INR32 billion by FY28.

Management noted that market conditions remain buoyant across all segments, driven by factors such as AI data centers, grid stabilization, and a push towards renewables. While a one-off liquidated damages penalty in Turkey impacted consolidated margins, the company expects gross margins to revert to historical averages of 33%–34%.

Segmental Updates

• Steam Turbine: The market is growing steadily at 10%–12%.
• Gas Turbine and Gas Engine: Massive growth continues with large volume orders, including deliveries to projects like SpaceX.
• Hydro: The segment is expected to see high-value order wins in the current and upcoming quarters.
• Motors: The business remains a focus area, with manufacturing lines being separated to improve execution.
• Railway: Orders are secured from the U.S., Europe, and Russia alongside the domestic market.