TD Power Systems: Profit more than doubles

TD Power Systems Limited delivered an impressive Q2 FY27, with consolidated revenue rising 85.9% year on year to ₹841.31 crore and net profit increasing 105.6% to ₹123.74 crore. The operating performance was equally strong. EBITDA grew 110.1% to ₹174 crore, while EBITDA margin improved to 20.63% from 18.26% in the corresponding quarter last year. But the most interesting part of the results is the order pipeline. The company reported Q2 order inflows of ₹824.4 crore, up 57% year on year. First-half order inflows reached ₹1,558.5 crore, reflecting 70% growth. Exports, including deemed exports, contributed ₹722.1 crore to Q2 order inflows. Management has also upgraded its FY27 revenue guidance to ₹2,900–3,000 crore, reflecting confidence in the business outlook. The board declared an interim dividend of ₹0.65 per share, with November 18, 2026, as the record date. My view:TD Power Systems is benefiting from demand for electrical rotating equipment across domestic and international markets. Strong export orders and improving margins make the business worth tracking. However, rapid growth also brings execution challenges. The company needs to convert its expanding order pipeline into revenue without compromising margins or working capital. I would closely monitor export demand, order execution, capacity utilisation and cash-flow generation over the next few quarters. Strong numbers are encouraging, but the ability to sustain this growth will determine the next phase of the company's performance. Disclaimer: This post reflects my independent analysis based on publicly available information and is shared for educational and informational purposes. TDPOWERSYS