This multibagger small-cap company, which had the highest revenue and net profit in FY23, posted another strong quarter!

Shares have delivered multibagger returns of around 102 per cent over the last year!

Indian benchmark indices ended the session lower, weighed down by heavy losses in the fast-moving consumer goods, telecommunication and banking sectors. The BSE Sensex fell 0.47 per cent to 65,688 level at the close. The Nifty 50 index declined 0.46 per cent to a level of 19,543.

TD Power Systems Limited, a Small-Cap company, made headlines after reporting strong Quarterly Results and announcing the highest revenue and profit after tax in the financial year 2022-23 since its inception.

Considering the company's quarterly performance, it reported growth of 7.7 per cent from Rs 204.54 crore registered in Q1FY23, recording total revenue of Rs 220.29 crore in Q1FY24. It has reported operating profit growth of 23.24 per cent. Compared to the same quarter last year, the net profit for the first quarter of FY24 soared 24.04 per cent, from Rs 21.49 crore to Rs 26.65 crore. Shares have delivered multibagger returns of around 102 per cent over the last year and are currently trading at Rs 251 per share on the BSE.

The company revealed that it installed 124 generators in the quarter ending June 2023, with 47 per cent of them provided in the domestic market and the remaining 53 per cent exported. Order inflows from domestic markets grew around 58 per cent year-on-year in Q1FY24.

Incorporated in 1999, TD Power Systems Limited is one of the leaders in the production of AC generators worldwide, manufacturing units with outputs ranging from 1 MW to 200 MW for prime movers including steam turbines, gas turbines, hydro turbines, wind turbines and diesel engines. The company has a healthy and diversified order book, with orders from railways accounting for a sizeable portion.

Disclaimer: The article is for informational purposes only and not investment advice.