TD Power Systems Share Price Jumps Up to 9.6% on 13 November 2026 After Q2 Profit More Than Doubles to Rs 123.75 Crore and Rs 0.65 Interim Dividend

TD Power Systems share price opened near Rs 655 on Friday, 13 November 2026, against a previous close of Rs 625.90, and climbed to Rs 685.90 before easing. By 11:24 AM IST the stock was at Rs 669.50, up 6.97%, on heavy volume of more than 3.6 crore shares on the NSE.

The move follows results declared on 12 November. This article sets out the quarter's numbers, the order book, the dividend and the valuation, then weighs what could go right and wrong. It does not recommend a trade, and all prices are intraday figures. TD Power Systems stock has been among the strongest in its sector this year. TD Power Systems stock had already risen before the results.

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Q2 FY27 Results: Profit More Than Doubles

Consolidated metric	Q2 FY27	Year earlier	Change
Revenue from operations	Rs 841.32 crore	Rs 452.5 crore (our own calculation)	Up 85.94%
Profit before tax	Rs 167.75 crore	Rs 81.82 crore	Up 105%
Profit after tax	Rs 123.75 crore	Rs 60.19 crore	Up 105.6%
EBITDA margin	20.64%	18.83%	Up 1.81 points
PAT margin	14.7%	13.2%	Up 1.5 points

Profit after tax also rose 43.4% from Rs 86.29 crore in the June quarter, so the improvement is not only a year-on-year effect. Profit grew faster than revenue because the EBITDA margin widened and finance costs fell to Rs 0.29 crore from Rs 0.68 crore. TD Power Systems shares reacted to this sequential gain as well. TD Power Systems shares are supported by this momentum.

Tax expense rose to Rs 44.01 crore from Rs 21.63 crore, which is in line with higher profit. Gross margin was little changed at 33.5%, which suggests the margin gain came mainly from operating costs growing more slowly than sales. TD Power Systems stock keeps a normal tax rate of about a quarter of profit before tax.

First-Half Numbers Show the Trend

Consolidated H1 FY27	Value	Change
Total income	Rs 1,481.52 crore	Up 79%
EBITDA	Rs 295.37 crore	Up 89%
Profit after tax	Rs 210.04 crore	Up 90%
EBITDA margin	19.94%	From 18.88%
Earnings per share	Rs 6.72	Up 90.37%

Half-year profit of Rs 210.04 crore is already about 88% of the Rs 238.8 crore earned in the four quarters to March 2026, our own calculation from quarterly profits. That shows how fast earnings have stepped up this year. TD Power Systems shares now price in a repeat of this pace.

Order Book and Inflow: What Supports Future Revenue

Order data	Value
Order book at 30 September 2026	Rs 2,318.7 crore
Export share of order book	74.2% (Rs 1,720.8 crore)
Q2 order inflow	Rs 824.4 crore, up 57%
H1 order inflow	Rs 1,558.5 crore, up 70%
Export share of H1 inflow	About 90%

The order book equals about 2.8 quarters of current revenue, our own calculation. Q2 inflow of Rs 824.4 crore was close to Q2 revenue of Rs 841.32 crore, so the book was filled about as fast as it was used. TD Power Systems stock therefore depends on a steady flow of new orders.

Management expects large vertical and horizontal hydro-generator orders across several projects and cites enquiries from South Asia, Europe and India. No order values or timing were given, so these are possibilities and not firm numbers. TD Power Systems shares could respond to any such order announcement. TD Power Systems stock investors will watch for confirmation.

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Interim Dividend and Record Date

The board declared an interim dividend of Rs 0.65 per share for FY27 and fixed 18 November 2026 as the record date. Under the current settlement cycle the ex-dividend date is normally the same as the record date, so check the exchange notice before planning any trade around it. TD Power Systems stock goes ex-dividend around that date.

At Rs 669.50 the dividend is about 0.1% of the price, and the total payout is roughly Rs 21 crore across all shares, our own calculation. It is a small signal of confidence, not a reason by itself to own the stock. TD Power Systems shares are not an income stock.

TD Power Systems Share Price and Valuation After the Jump

Data point	Value
Previous close (12 November)	Rs 625.90
Price at 11:24 AM, 13 November	Rs 669.50 (up 6.97%)
Day range	Rs 638.50 to Rs 685.90
Market cap (our own estimate at current price)	About Rs 21,500 crore
Trailing PE (our own calculation)	About 78 times
Industry PE	About 43 times
Return on equity	22.28%
Debt to equity	0.02

A PE of about 78 times is well above the industry figure, so the market is paying for continued growth. The business has almost no debt and a return on equity above 22%, which explains part of the premium. A year-to-date gain of more than 90% means expectations are already high. TD Power Systems stock already reflects strong expectations. TD Power Systems stock trades at a clear premium to peers.

Bull Case and Bear Case for TD Power Systems Stock

The bull case rests on the margin gain, the strong order inflow in the first half, a high share of export orders and a pipeline in hydro generators. If inflow stays near current levels and margins hold above 20%, earnings could keep rising. TD Power Systems shares could keep climbing in that case. TD Power Systems shares also benefit from strong export demand.

The bear case starts with valuation and concentration. A slowdown in orders, a stronger rupee or a margin slip could lead to a sharp fall from a high multiple. About three-quarters of the order book is exports, so overseas demand and currency moves matter. TD Power Systems stock could correct quickly in that case.

Risks and What to Watch Next

Watch the next order announcements, the quarter-end order book and whether the EBITDA margin stays near 20%. The company has fully impaired its small subsidiary D F Power Systems, with a cumulative impairment of Rs 20.41 crore as of March 2026, but no charge hit the latest quarter. TD Power Systems stock tends to move on such news. Any slowdown would weigh on TD Power Systems shares.

A stock that jumps on results can also give back gains if broader markets weaken. Setting position limits and reading the exchange filings help to manage that risk. TD Power Systems shares could see profit booking if markets weaken.

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Conclusion

TD Power Systems delivered a quarter in which revenue grew 86% and profit more than doubled, with a wider margin, a larger export order book and a small interim dividend. The stock has already gained more than 90% this year and trades at a premium multiple, so what happens next depends on whether orders and margins keep pace. Investors should read the filings and decide based on their own risk limits. The TD Power Systems share price now reflects that strong run.

Frequently Asked Questions

Why did TD Power Systems shares rise on 13 November 2026?

Ans. The stock rose after Q2 FY27 consolidated net profit more than doubled to Rs 123.75 crore from Rs 60.19 crore a year earlier, on revenue from operations of Rs 841.32 crore, up 85.94%. The board also declared an interim dividend of Rs 0.65 per share. The stock touched Rs 685.90, up about 9.6% from the previous close of Rs 625.90, and traded near Rs 669.50 at 11:24 AM IST.

What are the dividend details and the record date?

Ans. The board declared an interim dividend of Rs 0.65 per equity share of face value Re 1, which is 65% of face value, for the year ending 31 March 2027. The record date is 18 November 2026. At a price of Rs 669.50 the payout is about 0.1% of the share price, our own calculation, so the dividend is a small part of the investment case.

How strong were the Q2 FY27 results?

Ans. Consolidated profit after tax rose 105.6% year on year and 43.4% from the previous quarter. Profit before tax rose 105% to Rs 167.75 crore, and the EBITDA margin improved to 20.64% from 18.83%. For the first half, profit after tax was Rs 210.04 crore, up 90%, on total income of Rs 1,481.52 crore, up 79%.

How big is the TD Power Systems order book?

Ans. The order book stood at Rs 2,318.7 crore on 30 September 2026, of which exports including deemed exports were Rs 1,720.8 crore, or 74.2%. Q2 order inflow was Rs 824.4 crore, up 57%, and first-half inflow was Rs 1,558.5 crore, up 70%. Order inflow in Q2 was close to quarterly revenue, so the book needs steady refilling to support growth.

Is the stock expensive after the rally?

Ans. On trailing earnings per share of Rs 8.55, the price of Rs 669.50 implies a PE of about 78 times by our own calculation, against an industry PE of about 43 at the time of the data. Return on equity of about 22% and almost no debt support a premium, but the multiple leaves little room if growth slows.

How much has the stock gained this year?

Ans. A market report earlier on 13 November put the year-to-date gain at about 93%. A rise of that size means a large part of the good news may already be in the price, and profit booking is common after results-day jumps. Past returns do not predict future returns.

What are the main risks for TD Power Systems investors?

Ans. About three-quarters of the order book is export business, so currency moves and overseas demand matter. Orders for large generators arrive in uneven lumps, and the margin gain may not hold if input costs rise. The company has also fully impaired a small subsidiary, though no new charge hit the latest quarter.

Should I buy TD Power Systems shares now?

Ans. Univest does not give buy or sell calls. Investors can weigh the doubling of profit, the improving margin and the export order book against the high PE, the dependence on a few large orders and the strong run this year. Reading the company's presentation and filings and setting your own risk limits is a sensible way to decide.