TD Power Systems slumps after poor Q4 earnings

TD Power Systems tumbled 4.89% to Rs 318.80 at 9:36 IST on BSE after consolidated net profit declined 95.42% to Rs 0.65 crore on 2.16% growth in total income from operations (net) to Rs 187.06 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 20 May 2015.

Meanwhile, the S&P BSE Sensex was down 31.59 points or 0.11% at 27,805.62.

On BSE, so far 3,869 shares were traded in the counter as against average daily volume of 2,094 shares in the past two weeks.

The stock hit a high of Rs 326.30 and a low of Rs 309 so far during the day.

TD Power Systems is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines. It also manufactures special application generators for Geo Thermal and Solar thermal applications.

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