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.
A third player starts operations, pointing to the potential of this nascent business
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.