TD Power Systems secures order worth $9.2 million, shares up 3%

The company reported that the generators will be used primarily in fracking wells, power supply and backup power for artificial intelligence server farms, and other applications in the United States. The delivery of these generators is scheduled to commence from January 2025 till August 2025.

During the fourth quarter of fiscal year 2024, TD Power Systems recorded a 17.9% year-on-year (YoY) decline in its net profit at ₹29 crore. The total consolidated income during the quarter grew 4.6% YoY to ₹265.6 crore. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 8.5% YoY to ₹43.5 crore. In Q4FY24, the company’s EBITDA margin contracted by 230 basis points (bps) YoY to 16.38%. Meanwhile, the net profit margin reduced by 300 bps to 10.93%.

For the financial year ended March 31, 2024, the company saw a 22.2% YoY growth in its net profit at ₹118.3 crore while the total consolidated income was up 13.8% YoY to ₹1,005 crore. The EBITDA during the year saw a growth of 21.9% YoY at ₹172.1 crore. During FY24, the company’s EBITDA margin expanded by 110 bps YoY to 17.12% while the net profit margin expanded by 80 bps YoY to 11.77%.

The company stated that the total order book as of March 31, 2024, stood at ₹1189.5 crore. Total Order inflow for Q4FY24 was ₹289.7 crore as compared to ₹235.1 crore in Q4FY23, a growth of 23% YoY. Exports (including deemed exports) order inflow increased by 72% YoY in Q4FY24.

Shares of the company have risen by nearly 39% since the beginning of the year. The stock has gained nearly 54% in the last one year.