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Shares of TD Power Systems Ltd. declined as much as 8% after witnessing block deals in early trade on Thursday, May 22.
As many as 1.3 crore shares or 8.1% equity of TD Power changed hands in the block deals.
The buyers and sellers and the price at which the deal took place are not yet know.
As per data available on the Bombay Stock Exchange, the company's promoter Nikhil Kumar held 11.18% stake in the company at the end of the March quarter. Its other promoter Saphire Finman Services Llp held 15.34% equity in the company.
Among public shareholders, India's Domestic Mutual Funds have a 23.5% stake in the company where funds like UTI MF, HSBC MF, Mirae Asset MF, HDFC MF, among others own shares.
Goldman Sachs has a 3.11% stake in TD Power, while Oxbow Master Fund had a 4.13% stake.
As many as 96,452 retail shareholders, or those who have authorised share capital of up to ₹2 lakh, had a 14.24% stake in the company.
TD Power reported its fourth quarter earnings on May 12, 2022.
Its net profit for the quarter under review increased 82.8% to ₹53 crore from ₹29 crore in the previous year.
Its revenue was up 31.9% to ₹348 crore from ₹263.9 crore in the year-ago period.
The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) was up ₹56.2% at ₹65.3 crore from ₹41.8 crore in the previous year.
The company's margin expanded to 18.8% in the fourth quarter in comparison to 15.8% in the year-ago period.
Shares of TD Power and Systems declined 7.8% to hit an intraday low of ₹455 per share on Thursday, May 22. The stock was down 4.55% lower at ₹471.3 apiece at 10 am. It has gained 5.6% this year, so far.
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