Slides
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tdps TD POWER SYSTEMS INVESTOR PRESENTATION
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This presentation and the accompanying slides (the “Presentation”), which have been prepared by TD Power Systems Limited (the “Company”), is solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be al l inclusive and may not contain third - party the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward - looking statements. Such forward - looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy an d o f the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward - looking information contained in this Presentation. Any forward - looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third - party statements and projections. All maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Safe Harbor
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Journey and Evolution
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1999 - 2001 Acquires Technology from Toyo Denki Japan Establishes Manufacturing Facility in Bangalore, India 2002 - 09 Becomes the market leader in India 2009 Develops Vertical Hydro Generators with VOITH, Germany Signs Long Term Supply Agreement with INNIO for Gas Engine Generators 2011 Listing of TDPS on BSE and NSE 2012 Signs License Agreement with Siemens to produce 2 pole Generators up to 250MVA 2016 TDPS starts its operations in Europe & USA 2017 Local production of Generators in Turkey Signs Long Term Agreement with Alstom to supply Stators and Rotors for Traction Motors 2020 Increases footprint in the European and Turkish Market 2021 Revival in the Domestic market with increased Brand Recognition Globally 2022 Starts New Business Vertical to Produce Induction and Synchronous Motors 2024 Achieves Highest Revenue & PAT since inception Journey and Evolution 2026 Achieves Highest Revenue & PAT For the third consecutive year
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Products
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Oil & Gas * Locomotive * Geothermal * Solar Thermal * Motor/Engine/ Transformer testing * Marine /Naval * GENERATORS FOR TURBINES Steam - Up to 250 MVA Gas - Up to 250 MVA Wind * Hydro - Up to 45 MVA GENERATORS FOR ENGINES Gas - Up to 25 MVA Diesel - Up to 25 MVA GENERATORS FOR SPECIAL APPLICATIONS * As per customer requirement MOTORS INDUCTION MOTORS SYNCHRONOUS MOTORS TRACTION MOTOR PRODUCTS
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Facilities and People
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State of the art facility TDPS has always believed in investing on a world class facility equipped to perform all critical operations in - house, ensuring complete control over the production process. This allows us to maintain high quality standards, optimize efficiency, and reduce lead times. By having key operations under one roof, we can quickly adapt to customer requirements. Our facility is designed to deliver precision, reliability and high quality, reinforcing our commitment to excellence in manufacturing. Manufacturing Facilities
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Automation and Robotics We have implemented advanced automation and robotics in our manufacturing processes to enhance efficiency, accuracy, and consistency. Automation has enabled us to manage complex tasks with greater precision and adaptability, ensuring we consistently meet tight deadlines. Through these innovations, we have positioned ourselves to stay competitive and deliver high quality products. Initiative towards Automation and Robotics
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Quality Assurance We have implemented the best quality systems and procedures to ensure that every product we manufacture meets the highest standards. These systems are designed to monitor every step of the production process, from raw materials to final inspection, ensuring precision and consistency. Quality is a top priority for us, and we invest significant time and resources into maintaining and improving our procedures. By prioritizing quality, we uphold our promise of excellence to our customers. Quality Systems
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Expertise We have a team of highly skilled and dedicated professionals who bring experience, passion, and innovation to every task. Their expertise, attention to detail, and commitment to quality ensure that we consistently meet and exceed customer expectations. Whether it’s engineering, production, or quality control, our people are the backbone of our factory, working together to deliver top - notch results and continuously improve our processes. With their dedication, we are confident in our ability to achieve excellence in everything we do. People
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Management
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13 Managing Director Nikhil Kumar Leads operations, strategic planning, technology alliances, sales and marketing . With an in - depth understanding of products, processes, customers, specific application requirements of each segment from over 3 decades of work experience in the business of manufacturing electrical rotating machines, he drives investments in technology, alliances, people & processes enabling the company to deliver complete value chain in Generator manufacturing across the spectrum of verticals . He leads the team in absorbing technology from global partners to take manufacturing facility & practices to a world - class level enabling the Company to consistently deliver on core expectations of quality& delivery that has paved way to extend our product reach to over 98 countries . With a hands on & collaborative approach he navigates the team in weathering challenges thrown up by markets, customers, business & economic cycles . Chief Executive Officer Deepak Kumar Sinha Over 30 years of rich industrial experience in the power sector . Served as Chief Executive and Whole - time Director of L&T - MHI Power Turbine Generators Private Limited (LMTG), focused on the design and manufacture of advanced turbines and generators for large - scale thermal power plants across India . His career spans senior leadership roles in management, technology and operations at GE Power and other leading organizations . Over the past decade, he has been the recipient of several industry accolades in recognition of his contributions to the sector . With deep product centric expertise and strong market acumen, he has played a pivotal role in strengthening end - to - end capabilities from turbines as driving equipment to generators as driven equipment enabling the delivery of comprehensive power solutions aligned with India's evolving energy landscape . Chief Financial Officer M N Varalakshmi Part of founder - member team since inception of the company . Comes with a professional qualification in Cost & Works accounting (ICWA) & overall 28 years of rich experience in Finance function of Engineering - manufacturing company, 20 of which at TDPS . Seasoned by learnings from managing finances of the company and funding its growth story for over 20 years through its highs, lows, struggles and triumphs ,a grueling IPO exercise to fund the expansion, driving drastic cost - cutting measures across the organization & ERP expansion and improvements she leads the finance function MANAGEMENT TEAM
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14 Global Head – Sales and Marketing Vinay Hegde A founder member of TDPS, with 28 years of rich experience in Sales & Marketing . Joined the small core team of TDPS in 2001 as Engineer, Sales - An Electrical Engineer with 7 years of foundation experience with CG Newage . Has successfully acquired major OEMs in India and overseas one after the other, consistently delivering on core expectations of Quality, Delivery, customer retention & relationship for long term . Developed Marketing team capability to successfully widen the Customer base for sustained growth . Company Secretary Bharat Rajwani An Associate Member of the Institute of Company Secretaries of India and Law graduate from Karnataka State Law University, Bangalore . He also holds a Graduate degree in Commerce from Onkarmal Somani College, Jodhpur (Rajasthan) . He has been working with the Company as deputy to the outgoing CS and experience in handling the Company Secretarial matters, SEBI Compliances and RBI related matters MANAGEMENT TEAM Chief Technical Officer Ramakrishna Varna A founder member, with 30 years of experience . A Mechanical Engineer and an MBA, joined TDPS leadership team as a Senior Engineer in 2001 . A key member of a small core team that set up our green field manufacturing plant &is credited with establishing Standard Operating Procedures (SOPs), vigorously training technicians and successfully manufacturing the first few Generators that laid the foundation . Has extensive exposure and knowledge of the complete value chain in Generator manufacturing, facility - creation, automation and an expert solution - provider on operational issues . Set up our larger & modern second manufacturing unit in 2011 & since 2017 , has transformed our manufacturing facility by replacing conventional machinery with precision Robotics &need - based automation of selected processes .
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Board of Directors
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16 Managing Director Nikhil Kumar Responsible for overall management of the Company’s operations, strategic planning, technology alliances and sales and marketing . With over 3 decades of work experience in the business of manufacturing electrical rotating machines, he spearheads universal best manufacturing practices in the Company . He was General Manger in Kirloskar Electric Company from 1990 to 2000 leading the operations of Bangalore factory Promoter & Non - Executive Chairman Mohib N. Khericha He was in practice for over 25 years, in the area of Capital structuring, Restructuring, Financial Management and Loan syndication etc . before venturing into Merchant Banking activities in the year 1994 . Currently, he is Managing Director of Chartered Capital And Investment Limited, a listed company which is into Merchant Banking Services . He has an experience of over 28 years in the field of Merchant Banking . Non - Executive Director Prabhamani S Is the founder member of TDPS with 37 years of experience . Worked as a COO in the company till August 2022 and joined the core leadership team of TDPS as head of Engineering in 2001 . She is extensively involved and has in - depth understanding of products, processes, customers and specific application requirements of each segment . Board of Directors
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17 Independent Director Rahul Matthan Experience spanning over 2 decades, advised clients on matters like cryptocurrency, telecommunications regulation, internet and social media law, technology M&A & played a significant role in shaping Data Privacy & technology policy in India . Served on the RBI Committee for Household Finance as well as the Kris Gopalakrishnan Committee on Non - Personal Data and is currently DPI Advisor to the Ministry of Finance . Alumnus of the National Law School and one of the founder Partners of Trilegal . Independent Director Prathibha Shastry Over two and half decades of her career, she has been part of some of the very best start up organizations like Microsoft Accelerator and THub in India . Currently, she is a strategic advisor to Encubay , a diversity - focused accelerator, a fintech Start - up and Vruksh Ecosystem Independent Director Alexander Olsson Experience of over 2 decades, has held executive and management leadership positions, including as Managing Director at BRUSH Group with responsibility for large operations, leading teams of over 1 , 500 and managing a complex product/service portfolio in the Oil & Gas industry . He is currently the Executive Vice President of Archer Ltd . Brings invaluable experience and insights in manufacture of generators for oil & gas & other applications . Board of Directors
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CSR Initiatives
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CORPORATE SOCIAL RESPONSIBILITY Our Corporate Social Responsibility (CSR) programs are designed with a multifaceted approach to foster inclusiveness, promote sustainability and support our communities.
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School Readiness Program: In collaboration with Keyed Foundation, TDPS has launched the School Readiness Program to support the objectives of the National Education Policy, which emphasizes the crucial role of early childhood education. This initiative will establish pre - primary classrooms in 20 government schools within Anekal Block, Bengaluru Rural,. Rooftop Solar PV Program: We installed Solar Rooftop Systems at four government schools: three in Bangalore with 5KVA off - grid systems and one in Udupi district, Karnataka, with an 11 - kilowatt off - grid system. They enable the schools to independently meet their energy needs, ensuring a stable power supply for essential educational functions and improving the learning experience for over 2,400 students. Rehabilitation and remedial support for children with learning disabilities: TDPS, in partnership with the Spastic s Society of Karnataka (SSK), has launched a project to offer rehabilitation and remedial support for children facing various learning difficulties, such as challenges in reading, writing, mathematics, visual and auditory processing disorders, ADHD, memory issues, and more. Tailored diagnosis and intervention strategies are designed to meet the unique needs of each child. This initiative is expected to benefit a total of 282 children in the supported schools, creating an environment that fosters both their academic and personal growth. Corporate social responsibility - Education
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Equipment Donation : To enhance diagnostics, patient management, and treatment infrastructure, TDPS partnered with Give Foundation and its affiliate, Doctors For You (DFY), to donate medical equipment to Shri Atal Bihari Vajpayee Medical College and Research Institute in Bangalore, Karnataka . This support benefited 750 patients at the time of donation and continues to address ongoing needs . Neuro Rehabilitation Center : TDPS, with its partner Bangalore Sanjayanagar Lions Charitable Trust (BSLC), played a vital role in establishing a Neuro Rehabilitation Centre in Vidyaranyapura , Bangalore . Essential equipment worth ₹ 11 . 35 lakhs were donated . This initiative aims to offer comprehensive services for patients with neurological conditions, particularly benefiting the lower - income group in Bangalore North . Sports Excellence Trust : The Company supports initiatives promoting sports excellence and community welfare . TDPS donated a force plate to the Sports Excellence Trust (SET) . This contribution aims to enhance training and performance evaluation capabilities for athletes associated with trust . By providing this advanced equipment, the trust and athletes can refine training methods, improve athletic skills, and reduce the risk of injury by identifying movement deficiencies and areas for improvement . Corporate social responsibility – Healthcare and Sports
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Summary of Installations As on 30.06.2026
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Europe 1556 Units TDPS Sales Office (Frankfurt, Germany) TDPS Factory (Istanbul, Turkey) Asia 5522 Units TDPS Head Quarters (India) TDPS Sales Office (Japan) Oceania 202 Units North America 674 Units Central America 50 Units TDPS Sales Office (Ohio, USA) South America 59 Units Africa 312 Units Summary of Installations Total 8375 Units (Including Made in Turkey Generators) Countries 113 New country added is Bahamas
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Highlights of Q1 FY’27
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Highlights: Steam Turbine Generator Segment – Domestic & Export: ➢ Secured multiple orders from leading turbine OEM across steel, cement and sugar industries, including international projects in Africa and the Middle East. ➢ Received multiple Captive Power Plant (CPP) orders from a major turbine OEM — including a 60 MW, 2 - pole range generator, among the largest in the segment. ➢ Strengthened export presence with orders from European and US OEMs for USA energy - infrastructure projects in the 60 Hz market (waste - heat and industrial applications. ➢ Continued strong order intake for domestic steel - industry installations across the 15 – 45 MW range. Order Inflow and Key Highlights Order Inflow : Q1 FY’27 - 87% YoY Growth ₹ 7,341 v/s ₹ 3918 Million. 93% of order inflow in Q1 FY’27 is from Exports ₹ 6,836 v/s ₹ 2,573 Million Order Book on 30 th June 2026 ₹ 22,073 Million
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Highlights continued… Hydro Generator Segment: ➢ Secured the segment's largest order from a Domestic Hydro OEM for 4 × 16 MW vertical hydro generators for a major hydropower project in Africa. ➢ Won orders from European and Domestic Hydro OEMs for projects in Europe and India across the 9 – 22 MW range. ➢ Sustained traction in South Asia — including Nepal — driven by EPC - led developments and regional investments. ➢ Continued focus on small and mid - size hydro; enquiry pipeline healthy, with order inflow expected to recover in coming quarters. Gas Engine Generator Segment: ➢ Secured large - volume repeat orders from leading global OEMs across multiple ratings for US data - center applications. ➢ Won an order from a domestic OEM for a ~6 MW machine for India's largest LNG terminal. ➢ Strong momentum in standardized, high - volume programs — improving scale, operational efficiency and capacity utilization. ➢ Further high - volume genset programs indicated for CY - 2027, plus an expected competitor - replacement order for an African mining c ustomer Gas Turbine Segment: Major Gas Turbine OEM based in USA ➢ Secured significant volume orders from a major global gas - turbine OEM , reinforcing long - term program visibility (14 – 18 MW range, multi - project). ➢ Strong expected large - order pipeline from a second major global OEM across the 12 – 19 MW ratings for US programs. ➢ Demand supported by data - center expansion , along with oil & gas and industrial applications across the USA. ➢ Positions TDPS as a strategic global manufacturing partner in high - volume, export - driven programs. Order Inflow and Key Highlights
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Q1 FY27 Financial Highlights ₹ 6,401 Million 71% increase YoY ₹ 1,217 Million (19.0%) 72% increase YoY ₹ 7,341 Million 87% increase YoY Total Revenue EBIDTA PAT ORDER INFLOW Order Inflow (Rs. i n Mn) PAT (Rs. in Mn) EBIDTA* (Rs. in Mn) Total Revenue* (Rs. in Mn) *including other operational income ₹ 860 Million (13.4%) 72% increase YoY 3,739 6,401 Q1FY26 Q1FY27 71% 1,345 505 2,573 6,836 Q1FY26 Q1FY27 3,918 7,341 87% Exports (incl. Deemed Exports) Domestic Q1 FY27 708 1,217 Q1FY26 Q1FY27 72% 500 860 Q1FY26 Q1FY27 72%
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Diversified Order Book as on 30 th June 2026 17.9% ( 3,954 ) 15,332 ( 69.5% ) 429 ( 1.9% ) 1,681 ( 7.6% ) 218 ( 1.0% ) 460 ( 2.1% ) TOTAL : Rs. 22,073 (In Mn) Domestic Exports including Deemed Export Railways (Exports) Domestic Railways (E - Locomotive) Spares and Aftermarket Turkey * All Values in Rs. (In Mn)
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Q1 FY27 Consolidated Profit and Loss Account Particulars (Rs. in Mn) Q1FY27 Q1FY26 Y - o - Y Q4FY26 Q - o - Q Revenue from Operations 6,400.54 3,718.99 5,891.94 Other Operational Income 0.49 19.60 59.18 Total Income 6,401.03 3,738.59 71% 5,951.12 8% Cost of Goods Sold 4,180.09 2,419.21 4,082.57 Gross Profit 2,220.94 1,319.37 68% 1,868.55 19% Gross Profit Margin (%) 34.7% 35.3% 31.4% Employee Cost 545.22 368.26 445.13 Other Expenses 458.9 243.18 385.7 EBITDA 1,216.82 707.93 72% 1,037.72 17% EBITDA Margin (%) 19.0% 18.9% 17.4% Depreciation 71.65 49.91 69.55 EBIT 1,145.18 658.02 74% 968.18 18% Finance Cost 1.92 4.24 2.79 Other Income - Interest 25.68 20.13 21.63 Profit before Tax 1,168.94 673.91 73% 987.02 18% Tax 306.01 173.17 265.11 Profit After Tax (PAT) 862.93 500.74 72% 721.91 20% PAT Margin (%) 13.5% 13.4% 12.1% Other Comprehensive Income - 3.40 - 0.53 - 19.47 Total Comprehensive Income 859.53 500.21 72% 702.44 22%
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Consolidated Balance Sheet Assets ( Rs. in Mn ) Jun - 26 Mar - 26 Non - Current Assets 3,332.45 3,289.81 Property Plant & Equipments 2,697.33 2,642.99 Capital Work - in - Progress 197.34 173.25 Intangible assets 193.49 193.49 Intangible assets under development 90.29 100.54 Financial Assets Investments 0.05 0.05 Other Financial Assets 22.52 22.52 Other Non - Current Assets (Net) 131.43 151.27 Current Assets 17,409.16 15,481.88 Inventories 5,685.92 5,030.59 Financial Assets ( i )Trade receivables 7,853.25 7,420.88 (ii)Cash and cash equivalents 1,196.20 783.40 (iii)Bank balances other than cash 1,203.02 1,202.51 Other Financial Assets 525.88 516.40 Current tax asset - Net 1.43 1.50 Other Current Assets 943.46 526.60 Total Assets 20,741.61 18,765.99 Equity & Liabilities ( Rs. in Mn ) Jun - 26 Mar - 26 Total Equity 11,579.21 10,717.64 Share Capital 312.46 312.43 Reserves & Surplus 11,266.75 10,405.21 Non - Current Liabilities 156.11 116.02 Financial Liabilities Provisions 112.66 98.01 Deferred Tax Liabilities 43.44 18.01 Current Liabilities 9,006.30 7,932.33 Financial Liabilities ( i )Borrowings 238.10 180.96 (ii)Trade Payables 3,802.83 4,117.27 (iii)Other Financial Liabilities 1,700.61 1,362.94 Other Current Liabilities 2,895.79 1,902.82 Current tax liabilities (net) 265.21 278.30 Provisions 103.76 90.05 Total Equity & Liabilities 20,741.61 18,765.99
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Historical Financial Data
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*including other operational income PAT (Rs. in Mn) EBIDTA* (Rs. in Mn) Total Revenue (Rs. in Mn) EBIDTA Margins* (%) PAT Margins (%) 5,948 8,060 8,833 10,052 12,911 18,695 FY21 FY22 FY23 FY24 FY25 FY26 +25.7% 672 1,004 1,412 1,721 2,431 3,429 FY21 FY22 FY23 FY24 FY25 FY26 +38.6% 437 614 945 1,156 1,734 2,360 FY21 FY22 FY23 FY24 FY25 FY26 +40.1% 16.0 FY21 FY22 FY23 FY24 FY25 FY26 11.3% 12.5% 17.1% 18.8% 18.3% +700 bps FY21 FY22 FY23 FY24 FY25 FY26 7.6% 8.8% 11.0% 11.8% 13.4% 12.6% +500 bps Historical Financial Highlights
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Historical Consolidated Profit and Loss Account Particulars (Rs. in Mn) FY26 FY25 FY24 FY23 FY22 FY21 CAGR Revenue from Operations 18,562.34 12,787.62 10,005.20 8,722.97 7,974.25 5,935.84 Other Operational Income 132.25 123.19 46.97 110.13 85.36 12.24 Total Income 18,694.59 12,910.80 10,052.16 8,833.10 8,059.61 5,948.08 26% Cost of Goods Sold 12,410.08 8,308.45 6,551.87 5,903.67 5,698.83 3,958.92 Gross Profit 6,284.51 4,602.35 3,500.30 2,929.43 2,360.78 1,989.16 Gross Profit Margin (%) 33.6% 35.6% 34.8% 33.2% 29.3% 33.4% Employee Cost 1,655.69 1,237.49 1,077.82 905.63 805.70 794.03 Other Expenses 1,199.40 934.08 701.58 611.51 550.92 523.41 EBITDA 3,429.41 2,430.78 1,720.90 1,412.29 1,004.16 671.72 39% EBITDA Margin (%) 18.3% 18.8% 17.1% 16.0% 12.5% 11.3% Depreciation 229.93 196.98 210.89 207.05 220.40 214.98 EBIT 3,199.48 2,233.80 1,510.02 1,205.24 783.77 456.75 Finance Cost 19.04 30.58 3.10 10.64 20.57 44.65 Exceptional Item Gain / (Loss) - - - 13.44 75.77 71.75 Other Income - Interest 80.74 113.31 115.09 87.42 81.78 80.99 Profit before Tax 3,261.18 2,316.53 1,622.01 1,295.46 920.75 564.83 Tax 873.42 570.78 438.53 327.34 214.26 112.79 Profit After Tax (PAT) 2,387.76 1,745.75 1,183.48 968.12 706.49 452.04 PAT Margin (%) 12.8% 13.5% 11.8% 11.0% 8.8% 7.6% Other Comprehensive Income - 27.32 - 12.16 - 27.02 - 22.74 - 92.16 - 15.39 Total Comprehensive Income 2,360.44 1,733.58 1,156.46 945.38 614.33 436.65 40%
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Shareholding Pattern
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Shareholding Pattern as on 30 th June 2026 26.9% 23.2% 24.4% 25.5% Promoters Mutual Funds & AIF FII Others Shareholders more than 1% holding (Excl. Promoters) Aditya Birla Sun Life Mutual Fund Axis Mutual Fund BoFA Securities - Europe Goldman Sachs Asset Management (FII) HSBC Mutual Fund ICICI Prudential Mutual Fund Nippon Mutual Fund Oxbow Master Fund (FII) Sundaram Mutual Fund Vanguard Fund (FII) Particulars % Holding Promoters 26.9% Mutual Funds & AIF 23.9% FII’s 26.2% Others 23.0% Total Holding 100%
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Business Outlook
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Business Outlook TDPS continues to see very strong demand across all verticals of the generator business . ➢ Order inflow is very strong with pipeline extremely buoyant . ➢ Delivered highest - ever quarterly order inflow and sales during Q 1 FY 27 . ➢ The current rate of order inflow has exceeded Rs . 700 crores per quarter and this puts pressure squarely on execution and the company is well positioned to deliver close to the inflow rate . ➢ The outlook for FY 27 and FY 28 is strong, the company has upgraded its FY 27 guidance to Rs 2 , 6 00 crores . Business Outlook
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TD Power Systems Limited CIN: L31103KA1999PLC025071 Ms. M N Varalakshmi – Chief Financial Officer www.tdps.co.in Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Tanay Shah s agar.shroff@sgapl.net / tanay.shah@sgapl.net +91 98205 19303 / +91 98333 91899 www.sgapl.net Contact us !