TD Power Systems on Tuesday reported a 43.3 percent rise in net profit at Rs 35.4 crore for the fourth quarter ended March 31, 2023 (Q4FY23). It posted a profit of Rs 24.7 crore in the corresponding quarter of the previous financial year (Q4FY22).
The engineering services company’s revenue from operations grew 9.9 percent to Rs 35.4 249.8 crore in the reported quarter against Rs 24.7 crore posted last year.
TD Power’s EBITDA stood at Rs 43.3 crore, up 41.5 percent, against Rs 30.6 percent posted last year. The company has posted a margin of 17.3 percent in Q4FY23 against 13.5 percent posted in Q4FY22.
The company’s board has recommended a final dividend of Rs.0.50 per equity share for the financial year ended March 31. 2023.
Shares of TD Power Systems were trading with gain of 3.77 percent, at Rs 181.80 per share, at 2:58 pm on NSE today, May 9, 2023.
