TD Power Systems Reports Strong Q3FY26 Results with 33.6% Revenue Growth
TD Power Systems reported strong Q3FY26 financial performance with standalone revenue growing 33.6% to ₹42,885.45 lakhs and net profit surging 48.1% to ₹5,503.94 lakhs. The company achieved record quarterly order inflow of ₹6.56 billion with 84% from exports, while management provided upward guidance of ₹2,200+ crores for FY27 backed by strong demand across gas turbine, steam turbine, and hydro segments.
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TD Power Systems Limited has delivered impressive Q3FY26 financial results, demonstrating strong operational performance across its manufacturing operations. The company, engaged in manufacturing AC generators and electric motors for various applications, reported significant growth in both revenue and profitability metrics.
Standalone Financial Performance
The company's standalone operations showed robust growth momentum during the quarter ended December 31, 2025. Key financial highlights demonstrate the strength of the company's core business operations.
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹42,885.45 lakhs | ₹32,101.38 lakhs | +33.6% |
| Profit Before Tax: | ₹7,372.06 lakhs | ₹5,059.05 lakhs | +45.7% |
| Net Profit: | ₹5,503.94 lakhs | ₹3,717.56 lakhs | +48.1% |
| Total Comprehensive Income: | ₹5,511.68 lakhs | ₹3,723.64 lakhs | +48.0% |
The company's nine-month performance also reflected strong fundamentals with revenue from operations reaching ₹1,18,239.76 lakhs and net profit of ₹15,370.15 lakhs for the period ended December 31, 2025.
Consolidated Results Highlight Group Strength
On a consolidated basis, TD Power Systems demonstrated the strength of its global operations, which include wholly owned subsidiaries across multiple geographies. The consolidated results encompass the parent company along with subsidiaries in India, USA, Germany, and Turkey.
| Consolidated Metrics: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹44,267.57 lakhs | ₹35,032.71 lakhs | +26.4% |
| Total Income: | ₹44,682.68 lakhs | ₹35,396.87 lakhs | +26.2% |
| Net Profit: | ₹5,631.70 lakhs | ₹4,493.22 lakhs | +25.3% |
| Total Comprehensive Income: | ₹5,503.69 lakhs | ₹4,426.15 lakhs | +24.3% |
Management Guidance and Market Outlook
During the earnings conference call held on January 30, 2026, Managing Director Nikhil Kumar provided comprehensive guidance for the company's future performance. The management expects to cross ₹1,800 crores in revenue for the current financial year and has provided upward guidance for FY27 at ₹2,200-plus crores.
| Business Segment Performance: | Details |
|---|---|
| Order Book (Manufacturing): | ₹18.45 billion |
| Manufacturing Business: | ₹15.60 billion |
| Railway Business: | ₹2.85 billion |
| Turkey Business: | ₹0.72 billion |
| Q3 Order Inflow: | ₹6.56 billion (61% YoY growth) |
The company achieved an all-time record quarterly order inflow of ₹6.56 billion, representing a 61% year-on-year increase. Export order inflow, including deemed exports, constituted 84% of the quarter's orders at ₹5.10 billion.
Capacity Expansion and Production Ramp-up
The company declared its third plant operational on December 18, 2025, significantly enhancing its production capabilities. Management indicated that current quarterly sales of around ₹450 crores will ramp up to ₹550-575 crores per quarter in Q4, moving to approximately ₹600 crores per quarter from Q1 onwards.
Operational Efficiency and Cost Management
The company demonstrated effective cost management during the quarter. Total expenses on a standalone basis were ₹35,771.83 lakhs compared to ₹27,426.41 lakhs in Q3FY25. The increase in expenses was proportionally lower than revenue growth, indicating improved operational leverage.
Key expense components included cost of materials consumed at ₹29,500.66 lakhs and employee benefits expenses of ₹3,943.75 lakhs. The company benefited from favorable inventory changes, recording a positive impact of ₹1,306.96 lakhs from changes in inventories of finished goods and work-in-progress.
Strong Market Position Across Segments
The company's diverse business portfolio continues to show strength across multiple segments. The gas turbine and gas engine business remain the strongest segments with highest growth potential, driven primarily by data center demand and grid stabilization requirements. The steam turbine market is experiencing steady 10-12% growth, while the hydro segment is showing increased activity in both domestic and international markets.
The Board of Directors meeting was held on January 29, 2026, where the unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and taken on record.
Historical Stock Returns for TD Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.47% | +2.17% | +44.69% | +81.06% | +185.18% | +486.75% |
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