Quarterly Results: TD Power Systems Ltd

Technical View: 

TD Power Systems Ltd ended at Rs. 192.6, up by 0.3 points or 0.16% from its previous closing of Rs. 192.3 on the BSE.

The scrip touched a high and low of Rs. 200.5 and Rs. 192.55 respectively after opening at 193.25. 39942 (NSE+BSE) shares in totality were traded on the counter. The stock is now trading above its 200 DMA.

Consolidated Results Q2FY17: (Rs. in crore)


***EBITDA margin change is bps

Bloomberg estimates were higher than the actual T D Power Systems’ Q2FY17 consolidated numbers that have come in. Revenue for the quarter stands 11.1% lower than the estimated figure of Rs 119 cr.  EBITDA has come in 37.4% lower than the estimated figure of Rs 3.4 cr.  Reported net profit for the period  has also come in 46.8% lesser than the estimated figure of Rs 2.5 cr.

The quarter's net revenue has  come in at Rs 106 cr , which has declined by 39.8% yoy.

TD Power Systems' reported EBITDA has fallen sharply by 71.3% yoy to Rs 2.13 cr led by 221 bps yoy decrease in EBITDA margin to 2%, and this was due to poor operating performance.

However, net profit for the period jumped 18.8% yoy to Rs 1.33 cr led by a 35% yoy increase in other income and 21.2% decline in finance cost.