1:2 Stock Split: This small-cap company announces share split after 41% jump in FY26 profit

Stock Split: TD Power Systems Ltd reported a 41 per cent increase in standalone net profit for the financial year ended March 31, 2026, supported by higher revenue from operations during the year.

According to the audited financial results approved by the company’s Board of Directors, standalone net profit for FY26 stood at Rs 216.44 crore, compared with Rs 153.71 crore in the previous financial year.

Standalone revenue from operations rose to Rs 1,716.66 crore in FY26 from Rs 1,265.39 crore in FY25. Profit before tax increased to Rs 294.07 crore from Rs 209.16 crore in the previous year.

Total comprehensive income on a standalone basis came in at Rs 217.51 crore for FY26, against Rs 152.95 crore in FY25.

Standalone basic earnings per share (EPS) for the year stood at Rs 13.86, while diluted EPS was Rs 13.85. In FY25, the company had reported basic and diluted EPS of Rs 9.84 each.

March quarter results

For the quarter ended March 31, 2026, standalone revenue from operations stood at Rs 534.26 crore, compared with Rs 376.34 crore in the corresponding quarter of the previous financial year.

Standalone profit after tax for the quarter rose to Rs 62.74 crore from Rs 43.96 crore a year earlier. Profit before tax increased to Rs 87.42 crore from Rs 60.66 crore during the same period.

Total comprehensive income for the March quarter stood at Rs 63.51 crore, compared with Rs 43.70 crore in the year-ago quarter.

Basic earnings per share for the quarter stood at Rs 4.02 against Rs 2.81 in the corresponding period last year.

Consolidated performance

On a consolidated basis, the company reported revenue from operations of Rs 1,856.23 crore for FY26, compared with Rs 1,278.76 crore in FY25.

Consolidated profit for the year rose to Rs 238.77 crore from Rs 174.57 crore in the previous financial year. Total comprehensive income stood at Rs 236.04 crore, compared with Rs 173.35 crore in FY25.

Consolidated profit before tax for FY26 came in at Rs 326.11 crore, up from Rs 231.65 crore in the previous year.

For the March quarter, consolidated revenue from operations stood at Rs 589.19 crore, compared with Rs 348.20 crore in the corresponding quarter last year.

Consolidated quarterly profit increased to Rs 72.19 crore from Rs 53.02 crore a year ago, while profit before tax rose to Rs 98.70 crore from Rs 70.34 crore.

Consolidated basic EPS for FY26 stood at Rs 15.29, while diluted EPS came in at Rs 15.28. In FY25, the company had reported basic EPS of Rs 11.18 and diluted EPS of Rs 11.17.

Board approves stock split

The company’s board approved a stock split in the ratio of 1:2, subject to shareholder approval.

Under the proposal, each equity share having a face value of Rs 2 will be subdivided into two equity shares with a face value of Re 1 each.

The company said the move will take effect after obtaining the required approvals from shareholders and regulatory authorities.

Final dividend announced

The board also recommended a final dividend of Rs 1.10 per equity share of face value Rs 2 each for FY26.

In the previous financial year, the company had declared a dividend of Rs 0.65 per share.

According to the company, the dividend will be paid within 30 days from the date of the Annual General Meeting, subject to shareholder approval.

Balance sheet position

As of March 31, 2026, consolidated total assets stood at Rs 1,876.59 crore, compared with Rs 1,363.79 crore as of March 31, 2025.

Standalone total assets increased to Rs 1,771.82 crore from Rs 1,312.43 crore in the previous year.

Consolidated other equity rose to Rs 1,040.52 crore from Rs 829.06 crore, while standalone other equity increased to Rs 997.57 crore from Rs 804.64 crore.

The company’s paid-up share capital stood at Rs 31.24 crore at the end of FY26.