TD Power FY26 Net Profit Rises 41%; Board Splits Stock
TD Power Systems Limited announced its audited financial results for the year ended March 31, 2026, reporting a 41% increase in standalone net profit to ₹21,644.35 lakh and a rise in revenue to ₹1,71,666.38 lakh. The Board recommended a final dividend of ₹1.10 per share and approved a 1:2 stock split to enhance liquidity. The company also informed exchanges about the publication of these results in newspapers and the availability of the earnings call recording.

*this image is generated using AI for illustrative purposes only.
TD Power Systems Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a Board meeting held on May 14, 2026. The company reported a significant improvement in its financial performance for the fiscal year, driven by strong growth in revenue and operational efficiency across both standalone and consolidated operations. Subsequently, the company informed exchanges that the audio recording of the post-result earnings conference call held on May 15, 2026, is available on its website. Additionally, the company submitted copies of the newspaper advertisement regarding these financial results, published in Business Line and Eesanje, to the stock exchanges on May 16, 2026.
Annual Standalone Financial Performance
For the year ended March 31, 2026, the company reported a standalone net profit of ₹21,644.35 lakh, a 41% increase compared to ₹15,371.00 lakh in the previous year. Profit before tax stood at ₹29,407.57 lakh, up from ₹20,916.22 lakh in the prior year. Revenue from operations rose to ₹1,71,666.38 lakh from ₹1,26,539.62 lakh in the corresponding period of the previous year. Total comprehensive income for the year increased to ₹21,751.80 lakh from ₹15,295.65 lakh. On a per-share basis, standalone basic earnings per share (EPS) stood at ₹13.86 and diluted EPS at ₹13.85 for the full year.
The following table summarises the key standalone annual and quarterly financial metrics (₹ in Lakhs):
| Particulars: | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 53,426.62 | 37,634.47 | 1,71,666.38 | 1,26,539.62 |
| Profit Before Tax | 8,742.91 | 6,066.18 | 29,407.57 | 20,916.22 |
| Profit After Tax | 6,274.20 | 4,396.01 | 21,644.35 | 15,371.00 |
| Total Comprehensive Income | 6,351.46 | 4,370.61 | 21,751.80 | 15,295.65 |
| Basic EPS (₹) | 4.02 | 2.81 | 13.86 | 9.84 |
| Diluted EPS (₹) | 4.00 | 2.81 | 13.85 | 9.84 |
Consolidated Financial Performance
On a consolidated basis, TD Power Systems delivered robust growth for both the quarter and full year ended March 31, 2026. For the full year, consolidated revenue from operations rose to ₹1,85,623.38 lakh from ₹1,27,876.17 lakh in the previous year, while consolidated profit for the year grew to ₹23,877.49 lakh from ₹17,457.51 lakh. Total comprehensive income on a consolidated basis stood at ₹23,604.28 lakh for the year, compared to ₹17,335.82 lakh previously. For the quarter ended March 31, 2026, consolidated revenue from operations reached ₹58,919.42 lakh versus ₹34,820.75 lakh in the year-ago quarter, with consolidated profit for the quarter at ₹7,219.11 lakh compared to ₹5,302.07 lakh. Consolidated basic EPS for the full year was ₹15.29 and diluted EPS was ₹15.28.
The table below presents the key consolidated financial metrics (₹ in Lakhs):
| Particulars: | Q4 FY26 (Audited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 58,919.42 | 34,820.75 | 1,85,623.38 | 1,27,876.17 |
| Profit Before Tax | 9,870.19 | 7,034.37 | 32,611.71 | 23,165.35 |
| Profit for the Period/Year | 7,219.11 | 5,302.07 | 23,877.49 | 17,457.51 |
| Total Comprehensive Income | 7,024.37 | 5,267.76 | 23,604.28 | 17,335.82 |
| Basic EPS (₹) | 4.62 | 3.40 | 15.29 | 11.18 |
| Diluted EPS (₹) | 4.62 | 3.39 | 15.28 | 11.17 |
Board Decisions
The Board of Directors recommended a final dividend of ₹1.10 per equity share of face value ₹2 each for the financial year ended March 31, 2026, up from ₹0.65 per share in the previous year. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting and, if approved, will be paid within 30 days from the date of the AGM.
The board also approved a stock split in the ratio of 1:2, whereby each equity share with a face value of ₹2 will be sub-divided into two equity shares with a face value of ₹1 each, subject to shareholder approval. The rationale cited for the split is to encourage participation of small investors by making shares more affordable and to enhance liquidity. The record date for the split will be decided after obtaining all requisite approvals. The split is expected to be completed tentatively within 3 months from receipt of all regulatory, statutory, and shareholder approvals. Consequently, the board approved the alteration of the Capital Clause of the Memorandum of Association to reflect the change in authorised share capital to ₹35,00,00,000 divided into 35,00,00,000 equity shares of ₹1 each.
Historical Stock Returns for TD Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.40% | +6.58% | +26.02% | +64.00% | +152.29% | +446.93% |
How might the 1:2 stock split impact TD Power Systems' retail investor base and daily trading volumes once executed?
Given the sharp rise in trade receivables from ₹43,733 lakh to ₹74,208 lakh, what risks could this pose to the company's working capital management in FY27?
With revenue growing nearly 45% year-on-year, which end-markets or product segments are likely to sustain this growth trajectory into FY27?


































