TD Power Systems Limited has released the transcript of its Q3 FY2026 earnings conference call, which was held on January 30, 2026. The call covered the company's financial performance for the nine months ending December 31, 2025. On a standalone basis, total income increased by 32% to ₹11.94 billion, while EBITDA was 18.33%. Profit after tax rose by 41% to ₹1.54 billion. The manufacturing segment's order book stood at ₹18.45 billion, with order inflow during the quarter reaching an all-time record of ₹6.56 billion, a 61% year-on-year increase. Exports constituted 75% of the pending order book. Consolidated total income for the nine months grew by 36% to ₹12.8 billion, with profit after tax increasing by 37% to ₹1.66 billion. The company maintained a strong cash position of ₹1.93 billion. The company highlighted strong market conditions across all segments, particularly in gas turbines and gas engines, driven by data centers and grid stabilization needs. The third plant became operational on December 18, 2025, and is expected to ramp up production to ₹550-575 crores per quarter in Q4 FY26, moving towards ₹600 crores per quarter from Q1 FY27 onwards. TD Power Systems provided a guidance of over ₹2,200 crores for FY27, which is considered conservative. The company expects to continue investing in automation and lean manufacturing, with a focus on 2-pole generator production and motors for FY28 onwards. The company also noted the positive impact of foreign exchange fluctuations on its margins.
