Conference Cal Highlights

1. TD Power Systems reported net profit of Rs 12.68 crore during the quarter ended September 2011 on standalone basis, while sales was reported to Rs 175.21 crore. The Company shares were listed on 8 September 2011 and accordingly the figures relating to the corresponding quarter ended September 2010 are not available.
2. Of the total amount of Rs 227 crore received from IPO – Rs 20.83 crore was utilized to finance the expansion of its manufacturing plant in Dabaspet and Rs 14.04 crore was utilized for general corporate purposes as of 30 September 2011. While, of the remaining Rs 192.13 crore, Rs 81.90 crore would be utilized to finance the expansion of its manufacturing plant in Dabaspet, Rs 28.91 crore towards construction of a project office in Bangalore city, Rs 32.81 crore towards repayment of debt, Rs 40 crore towards funding working capital requirement and Rs 8.51 crore towards general corporate purposes.
3. Order book was at Rs 1200 crore as at the end of September 2011. Pending orders were worth Rs 322 crore for manufacturing business and Rs 544 crore for EPC business. Presently, the capital goods business in India is tough.
4. Generator business order inflow was down however order book was up by 14% in the six months ended September 2011. For its EPC business the company is well positioned to secure new orders.
5. The company has provided guideline for Financial Year 2012. It would end the year with a sales of Rs 1000 crore, of which Rs 400 crore would be from generator business, Rs 100 crore from turbine business. Sales would grow by 18% and PAT would grow by 20%.
6. For the fiscal 2013, generator business is expected to be strong due to strong export business. But, EPC business is expected to be flat.
7. The company is seeing overall slowdown in India. Business is coming from Japan.
8. Exports from manufacturing were 27% in H1 against 20% in last year.
9. Inventory levels have increased by Rs 11 crore.
10. Of the order inflows into EPC business, Rs 80 crore worth orders has been from Jindal.
11. New plant which is coming up in Dabaspet will be ready by March or April 2012.
12. For the half year ended September 2011, EBITA margin from turbine generator (TG) business was 17.2%.
13. TG business will grow in the range of 10% to 12% for FY2012. EPC business growth will be flat.