FY27 Revenue: ₹2,600 crore
Full year FY27 revenue guidance raised to ₹2,600 crore with small chance of crossing this number, up from prior expectations, supported by strong order book and execution capabilities.
TDPOWERSYS / guidance tracker
Keep management guidance in view.
TD Power Systems · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
revenue
FY28 Capacity: ₹3,200 crore
Post ₹50 crore debottlenecking capex, capacity target for FY28 is approximately ₹3,200 crore, with potential upside if market demand warrants.
FY29-30 Expansion to ₹4,000+ crore
Management plans another round of capacity expansion for FY29-30 to push capacity beyond ₹4,000 crore, with specific investment plans to be detailed in the next earnings call (3 months).
EBITDA Margin: 18-19% band
Management maintains EBITDA margin guidance within 18-19% band, utilizing levers including pricing, cost reduction, capacity utilization, and exchange rates.
FY26 Revenue: Cross 1,800 crore
Management stated confidence to cross 1,800 crore for full year FY26 based on current quarterly run-rate of approximately 600 crore.
FY27 Revenue: 2,200+ crore (conservative)
Upward guidance of 2,200+ crore for FY27, based on quarterly inflow of 575-600 crore with high probability of further upward revision.
Q4 Production Target: 550-575 crore
Q4 production and sales targeted at 550-575 crore per quarter, with ramping to 600 crore per quarter from Q1 FY27 onwards.
Capacity Ceiling: 2,600-2,800 crore till FY28
No bulk capacity additions planned till FY28; maximum revenue potential of 2,600-2,800 crore with existing assets before new investment decision next year.
FY27 revenue target: ₹2,400+ crore
Management revised FY27 guidance upward with "extremely high probability" to increase further, driven by Q4 order inflow momentum and strong execution pipeline.
FY28 capacity ceiling: ₹3,200 crore
With ₹100 crore total debottlenecking capex over FY27-28, current facilities can address up to ₹3,200 crore revenue, covering sales projections through FY28.
Large generator ramp-up: Calendar 2028
Capacity for 200 MW range large generators will be operational by late calendar 2027 (15-16 month equipment lead times), with big ramp-up expected in calendar 2028.
Margins: Back to historical levels
Gross contribution margins expected to revert to historical 33-34% average, excluding the one-off Turkey contract impact (~3% hit in Q4).