TD Power Systems Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 03:18 am EST
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TD Power Systems Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,426.03 million compared to INR 2,052.77 million a year ago. Revenue was INR 2,479.29 million compared to INR 2,056.54 million a year ago. Net income was INR 298.97 million compared to INR 200.71 million a year ago. Basic earnings per share from continuing operations was INR 1.91 compared to INR 1.29 a year ago. Diluted earnings per share from continuing operations was INR 1.91 compared to INR 1.29 a year ago.
For the nine months, sales was INR 7,366.26 million compared to INR 6,224.5 million a year ago. Revenue was INR 7,482.94 million compared to INR 6,357.37 million a year ago. Net income was INR 893.23 million compared to INR 614.62 million a year ago. Basic earnings per share from continuing operations was INR 5.72 compared to INR 3.96 a year ago. Diluted earnings per share from continuing operations was INR 5.71 compared to INR 3.95 a year ago.
TD Power Systems Limited is an India-based manufacturer of air-condition (AC) generators and electric motors for various applications, which are specifically designed and tailor-made to suit the needs of the customers based on their requirements and specifications. The Companyâs products include generators, motors, replacement, refurbishment and spares. It offers various types of generators, including Steam Turbine Generators, Gas Turbine Generators, Hydro Turbine Generators, Wind Turbine Generators, Gas Engine Generators, Diesel Engine Generators, Generators for Marine Application, Generators for Testing Application and Generators for Geothermal Application. The Company offers a range of motors, including Induction Motor, Traction Motor and Synchronous Motor. The Company has its own technology for generators up to 60 megawatts (MW) for four pole generators and is a licensee of Siemens AG for two pole generators from 60 MW up to 200 MW.