TD Power Systems Limited (TDPS) has successfully obtained an extension of a court order that restricts workers' union strike activities, allowing the company to maintain smooth operations amidst ongoing labor disputes.

Legal Intervention Details

The Honorable Additional Civil Judge & JMFC at Nagamangala Court has extended a temporary injunction order, initially granted on September 1, 2025, until the disposal of the suit. This extension, ordered on November 18, 2025, and received by the company on November 20, 2025, provides TDPS with continued relief from potential disruptions caused by union activities.

Key Points of the Injunction

The court order includes the following restrictions on the Workers' Union:

1. Prohibits obstruction of the company, its directors, executives, staff, and workmen
2. Prevents interference with vehicles carrying finished goods and raw materials
3. Restricts union members from entering or leaving the factory gates
4. Allows union members to agitate, but only beyond 25 meters from the factory gates

Implications for TDPS Operations

This legal intervention is crucial for TD Power Systems as it ensures:

• Uninterrupted business operations
• Protection for company personnel and assets
• Continued production and supply chain activities

Company's Stance

TD Power Systems views this extension as a positive development, stating that it "continues to provide the Company with relief from disruptions by the union and ensures the uninterrupted operation of the Company's business during this period."

Conclusion

The extended court order represents a significant development in the ongoing labor dispute at TD Power Systems. While it allows the company to maintain its operations, it also underscores the challenges in balancing worker rights with business continuity. Stakeholders will likely continue to monitor the situation as it unfolds, particularly regarding any potential resolution between the company and its workers' union.

TD Power Systems Limited (TDPS), a leading manufacturer of AC generators and electric motors, has reported robust financial results for the first half of fiscal year 2026, showcasing significant growth and raising its revenue guidance for the current and upcoming fiscal years.

Financial Highlights

For the six-month period ended September 30, 2025, TDPS reported:

The company's performance was driven by strong demand across various segments, particularly in the gas turbine and gas engine businesses.

Order Book and Inflow

TDPS reported a robust order book for its manufacturing segment, standing at ₹15.87 billion. The order inflow for H1 FY26 was ₹9.16 billion, marking a 39% increase from ₹6.58 billion in the previous year. Notably, 76% of the H1 order inflow came from exports, underlining the company's strong international presence.

Segment-wise Performance

The company's order book is diversified across several segments:

• Generator Business: ₹12.35 billion
• Motor Business: ₹3.16 billion
• Railway Business: ₹3.16 billion
• Spares & Aftermarket: ₹0.07 billion
• Turkey Business: ₹0.29 billion

International Market Traction

Managing Director Nikhil Kumar highlighted the exceptionally high demand in the gas turbine and gas engine business, particularly from US and European markets. The company is experiencing a significant uptick in orders from these regions, contributing to its strong performance.

Capacity Expansion

TDPS is on track to commission its third plant fully by the end of December 2025. This expansion is expected to enhance the company's production capabilities and support its growth trajectory.

Financial Position

TDPS maintains a strong financial position with a cash balance of ₹1.93 billion, providing it with the flexibility to invest in growth opportunities and manage working capital requirements.

Future Outlook

Based on the surge in orders and positive market conditions, TDPS has revised its revenue guidance:

• FY26 (Current Year): Raised to ₹18 billion
• FY27 (Next Year): Initial guidance of over ₹20 billion

The company expects to maintain a quarterly order inflow rate of approximately ₹5.50 billion, indicating sustained growth momentum.

Management Commentary

Nikhil Kumar, Managing Director of TD Power Systems, stated, "We are experiencing extremely high demand in our gas turbine and gas engine business, particularly from US and European markets. Our decision to expand capacity with the third plant has proven to be strategically sound, positioning us to capture more market share in this high-demand environment."

As TD Power Systems continues to strengthen its position in the global market, the company remains focused on execution and maintaining close customer relationships to capitalize on the growing opportunities in the power generation equipment sector.

Note: This article is based on the Q2 and H1 FY26 earnings conference call held on October 31, 2025.