TD Power Systems

TD Power Systems share price jumped after the company announced that it has secured an order worth Rs 142 crore from two major international gas engine Original Equipment Manufacturers (OEMs)

TD Power Systems on Thursday posted a nearly 49 per cent rise in its consolidated net profit to Rs 29.89 crore in the December quarter, on the back of higher revenues. Its consolidated net profit was Rs 20.07 crore in the quarter ended on December 31, 2022, according to a regulatory filing. Total income rose to Rs 247.92 crore in the quarter from Rs 205.65 crore in the same period a year ago. The company's board has appointed Rahul Matthan and Karl Olof Alexander Olsson as additional directors in the capacity of its non-executive Independent Directors for a term of 5 years, with effect from April 1, 2024, the filing said. The appointment is subject to the approval of the shareholders, it added.

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The High Court of Karnataka has restrained the chairman of TD Power System Ltd (TDPSL) and several others from transferring shares worth Rs 555 crore of the company. The court passed the interim order on a petition by Vijay Ravindra Kirloskar, the chairman of city-based Kirloskar Electric Company (KEC) who founded TDPSL in 1999. Kirloskar along with the several KEC Welfare Trusts had moved the high court seeking a direction to several persons who hold 2.51 crore shares worth Rs 555 crore in the company, not to transfer or sell them in the stock market. Kirloskar and the Trusts had approached a commercial court in Bengaluru seeking an injunction against the chairman of TDPSL and a family friend of Kirloskar, Mohib Nomanbhai Khericha, Kirloskar's nephew Nikhil Kumar and others from alienating Rs 2.51 crore shares of TDPSL held by them. The Commercial Court had refused to give a temporary injunction following which Kirloskar and the Trusts petitioned the HC. A single judge bench of .

TD Power Systems on Wednesday posted nearly three per cent rise in its consolidated net profit at Rs 20.07 crore in the quarter ended December 2022. The consolidated net profit of the company was Rs 19.53 crore in the corresponding quarter that ended on December 31, 2021, showed a BSE filing. Total income rose to Rs 205.65 crore in the quarter from Rs 183.06 crore in the same period a year ago. Board has also declared an interim dividend of Rs 0.50 (fifty paise) per equity share of face value of Rs 2 each to the equity shareholders of the company for the financial year ending March 31, 2023. The payment of dividend will be made within 30 days of its declaration.

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As of 11:09 am; these stocks rallied up to 14 per cent on the BSE in intra-day trade today. In comparison, the S&P BSE Sensex was down 0.04 per cent.

TD Power Systems reported a seven per cent dip in consolidated net profit at Rs 19.53 crore for December quarter 2021-22

The company on Wednesday reported a dip in its consolidated net profits

The management said we are seeing very strong demand from export markets, as well as a very significant pickup of order booking and sales in the domestic market

The stock moved higher by 13% to Rs 145, extending its past three days 16.5% rally on the BSE ahead of the board meeting today to consider a share buyback proposal.

The stock surged 19% to Rs 137, extending its Friday's 5% gain on the BSE after the company said that its board will meet on Wednesday, September 26, to consider share buyback proposal.

The stock up 15% to Rs 225 after the company received an order for supply of 45 railway application generators from a major MNC for installation in North America.