TD Power Systems Reports Remarkable Profit Increase
TD Power Systems achieved an 83% increase in consolidated profit, reaching Rs 53.02 crore in the March quarter, driven by higher income. The board proposed a Rs 0.65 dividend per equity share. Nikhil Kumar's re-appointment as Managing Director for another five-year term was approved, pending shareholder approval.
- Country:
- India
TD Power Systems has reported a significant 83% rise in consolidated profit, amounting to Rs 53.02 crore for the March quarter, a substantial increase attributed to higher income levels.
The company had posted a net profit of Rs 29.02 crore in the same period last year, as stated in its financial disclosures.
Additionally, TD Power Systems' total income surged to Rs 358.94 crore from Rs 263.89 crore a year earlier. Meanwhile, net profit for the full FY25 dropped to Rs 174.57 crore from Rs 118.34 crore in FY24. The board recommended a dividend of Rs 0.65 per equity share and approved Nikhil Kumar's re-appointment as Managing Director for a further five years, subject to shareholder approval at the annual general meeting.
(With inputs from agencies.)
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