Earning Call Transcript for the quarter ended June 30, 2026.

TD Power Systems Limited August 18, 2026 (CIN -L31103KA1999PLC025071) REGISTERED OFFICE & FACTORY: 27, 28 and 29, KIADB Industrial Area Dabaspet, Nelamangala Taluk The Corporate Service The Listing Department B e n g a l u r u R u ra l D i s t ri c t Department T h e N a t i o n a l S t o c k E x c h a n g e of India Ltd. Bengaluru – 562 111 India BSE Limited Exchange Plaza, Bandra- Kurla Complex Tel +91 80 229 95700 / 6633 7700 P J Towers, Dalal Street Bandra (East) Fax +91 80 7734439 / 2299 5718 Mumbai – 400 001 Mumbai- 400 051 Mail tdps@tdps.co.in Scrip Code: 533553 S y m b o l : T D P O W E R S Y S www.tdps.co.in Dear Sir/Madam, SUB: TRANSCRIPT OF EARNING CONFERENCE CALL – QUARTER EN DED JUNE 30, 2026. In furtherance of our letter dated August 03, 2026 regarding intimation of earnings conference call, the transcript of Q1 FY 2027 earning conference call held on August 12, 2026 , is enclosed and same has been uploaded on the website of the Company at www.tdps.co.in. Kindly take the above on record. Yours faithfully, For TD Power Systems Limited Bharat Rajwani Company Secretary & Compliance Officer Encl: A/a “TD Power Systems Limited Q1 FY ‘27 Earnings Conference Call” August 12, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recording uploaded on the stock exchange on 12th August 2026 will prevail. MANAGEMENT: MR. NIKHIL KUMAR – MANAGING DIRECTOR MR. DEEPAK KUMAR SINHA – CHIEF EXECUTIVE OFFICER MS. M.N VARALAKSHMI – CHIEF FINANCIAL OFFICER MR. VINAY HEGDE – GLOBAL HEAD- SALES & MARKETING Page 1 of 17 TD Power Systems Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to TD Power Systems Limited Q1 FY '27 Earnings Conference Call. Before we begin, I would like to point out that this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to questions after the presentation concludes. Should you need assistance in the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Nikhil Kumar, Managing Director of TD Power Systems Limited. Thank you, and over to you, Mr. Kumar. Nikhil Kumar: Good morning and thank you for joining us on this call today to discuss the financial results of TD Power Systems Limited for the quarter ended 30th June 2026. I trust all of you would have received our results and investor presentation. Now I'll discuss with you the financial performance of TDPS for this quarter ended 30th June. Standalone, our total income for Q1 on a stand-alone basis was INR6.3 billion versus INR3.63 billion over the same period in the previous year, an increase of 74%. EBITDA for the quarter is 19.34%, including other income, excluding exceptional and treasury income versus 18.7% over the same period in the previous year. Profit after tax and comprehensive income for the quarter is INR853 million versus the profit of INR471 million for the same period in the previous year, an increase of 81%. Order book for the Manufacturing segment is INR22.08 billion, out of which INR19.29 billion is the generator and motor manufacturing business, INR2.11 billion is railway business, spares and aftermarket is INR0.22 billion and INR0.46 billion is the Turkey business. Export and deemed exports, excluding railway order for both domestic and exports is 57%. Order inflow statistics. Order inflow during the quarter is INR7.34 billion, an increase of 87% on a Q-on-Q basis. Order inflow from direct and deemed exports is INR6.84 billion compared to INR2.57 billion, 93% of our quarterly order inflows, exports by 7% is domestic. Consolidated, our total consol performance for Q1 is sales of INR6.43 billion versus INR3.76 billion, increase of 71%, and profit after tax and other comprehensive income for the quarter is INR860 million versus a profit of INR500 million, increase of 72%. We continue to maintain a strong cash position of INR2.4 billion. Coming to the order book, market conditions and guidance. In general, we see a very buoyant market for TDPS in all segments of business. The basic factors that are driving growth continue to play out, AI data centres, grid stabilization, basic power generation push towards renewables, which drives demand for geothermal, hydro, waste-to-energy, etcetera. With all sectors in full force, we see strong order inflow situation continuing and the focus is still heavily on execution. Page 2 of 17 TD Power Systems Limited August 12, 2026 Despite differing views on the sustainability of this buoyancy in the media, the ground reality is that there is a tremendous shortage of power generation equipment, specifically in gas turbines, gas engines, transformers and generators. The forecast of demand at the moment are very strong and TDPS is taking the position to maximize the order inflow and on the capacity side, we are focusing on efficiency as well as debottlenecking to increase output for FY '28. We will most likely go in for another round of capacity addition for generators below 100 megawatt [inaudible 0:04:10] design. We'll inform the market about these investments and plans in the next earnings call since we are still in the process of assessing which products and which capacities need to be enhanced. As mentioned above, at the moment, we have sufficient capacity for FY '28 around INR22 billion. Although we will do some debottlenecking with investments around INR500 million. Next, we're looking at what we should be doing for FY '29 and FY '30 to move the capacity to INR40 billion and above. Regarding the opportunity in the large generator segment, we are close to signing agreements with the relevant parties and we will inform the market growth probably in the month of August about these unique opportunities. These opportunities are over and above the current business of the company, which is generators below 100 megawatt. Now let me come to the segments one by one. The steam turbine market continues to grow at the rate we predicted with no surprises on the upside or downside. The market is steady with around 10% to 12% growth taking place in the captive power plant business, biomass, waste to heat recovery. Gas engines and gas turbines. This growth is -- still continues to be massive and rolls on without pause. As mentioned in the investor presentation, we're getting large volume orders and forecast for the next year continue to show strong upward growth. Hydro, we have a busy year ahead of us. This year will be one of the highest for TDPS in hydro. TDPS is very active in the refurbishment business in India and abroad. This segment will result in some high-value orders for TDPS in this quarter. Motors, remains a key area of our business and teams are working on increasing the footprint. In railways, we are not taking any fresh orders in this segment and we will review the sustainability of this segment at the end of this year. Once the Indian railway contract is completed, the production spacing capacity that we have will be used for generator and motor products. Guidance, we revised our guidance for FY '27 at INR2,600 crores with a small chance that we may even cross this number. This brings me to the end of my initial remarks. I'll now be happy to address any queries that you may have. Thank you. Moderator: Thank you. The first question comes from the line of Mohit Surana with Monarch Networth Capital. Please go ahead. Page 3 of 17 TD Power Systems Limited August 12, 2026 Mohit Surana: Sir, first of all, congratulations on the great set of numbers. You continue to out beat the Stree [Showing first 8,000 characters — download PDF for full document]