TD Power Systems Ltd (TDPOWERSYS) — concall transcript | 30 June 2026

TD Power Systems reported a 74% YoY rise in standalone total income to INR6.3 billion and 72% YoY growth in consolidated PAT to INR860 million for Q1 FY27, driven by strong order inflows of INR7.34 billion and robust demand in steam turbines, gas engines, and hydro segments. Management highlighted pricing discipline, cost controls, and capacity expansion plans including INR50 crores capex in FY28 targeting INR3,200 crores by FY28, with future targets of INR40 billion+ by FY30. Gross margins remain stable amid inflationary pressures, while export markets show deepening engagement without major new client additions. The company emphasized dynamic capex planning tied to demand and clarified that large turbine generator revenue is excluded from near-term guidance due to 18-20 month lead times.