Generator manufacturer stock at record high after Q2 results; Up 2,700% since 2018

Shares of TD Power Systems Ltd. are trading with gains of over 7% on Friday, October 31, in response to their September quarter results. The stock has gained every single day this week. The 15% surge seen this week is the best one that the stock has had since May this year.

The stock surged after the company revised its topline guidance for the full year to ₹1,800 crore from ₹1,500 crore earlier.

TD Power also said that there is a steady inflow of orders coming from both domestic and international markets with the current order book at ₹1,587 crore.

For the September quarter, TD Power's revenue increased by ₹457 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by nearly 40% from the year-ago period to ₹87 crore.

Net profit also increased by 46% from last year, while margins remained steady at 19% from 19.9% earlier.

Going forward, TD Power expects Gas engine and Gas turbine segments to remain buoyant, with robust global demand and a healthy order pipeline.

With Friday's surge, share of TD Power has gained 64% so far in 2025. The stock has delivered positive annual returns every single year since 2019.

At the end of 2018, the stock had traded at ₹26. Since then, till date, the stock has gained over 2,700%, to hit a record high in today's session.

Year	Returns
2018	-33%
2019	6.2%
2020	10.4%
2021	194%
2022	32%
2023	119%
2024	73%
2025 (YTD)	64%

Shares of TD Power are trading 7.8% higher at ₹737.25. The stock has risen 25% in the last one month.