CYBER ATTACK: AC Generators Maker TD Power Systems' Website Hacked; Stock Unfazed, Up 4%

One of the leading AC generators manufacturer, TD Power Systems on Friday announced that its website is non-functional due to a cyber attack. However, the smallcap stock shrugged off the development and continued to trade on a bullish note even when broader markets were falling. TD Power gained more than 4% in the day on BSE.

In its regulatory filing, TD Power Systems said, "We wish to inform you that, the Company's website (www.tdps.co.in) is currently non-functional due to an incident of cyber-attack."

If you go on Google for TD Power Systems, it will display a cryptic message "Hacked By Alfaz".

TD Power said, "The Company's IT team is working to resolve this issue & get the website operational at the earliest. However, all systems for operations of the Company are functioning."

At the time of writing, TD Power Systems traded at Rs 252.85 apiece, soaring by Rs 6.20 or 2.51% on BSE. The stock gained by over 4% with an intraday high of Rs 256.90 piece -- which was near its 52-week high of Rs 269.70 apiece.

The smallcap stock's market value is nearly Rs 3,948.76 crore.

TD Power has a diversified product portfolio customized for a wide range of turbines (steam, gas, hydro and wind) and engines (diesel and gas). Specially designed and tailor-made to suit the needs of the customers. Since its inception, the company, manufactured 5,811 generators, including generators exported to 103 countries, with an aggregate output capacity of 41,697 MW.

It is also one of the leading manufacturers of AC generators, delivering across a wide product spectrum - from 1 to 250MVA.

In the June 2023 quarter, the company posted a standalone net profit of Rs 29.53 crore versus Rs 18.74 crore in the corresponding period of the previous year. Revenue from operations jumped to Rs 230.28 crore as against Rs 199.01 crore in the same quarter a year ago.

The company offers end-to-end, flexible solutions with state-of-the-art manufacturing systems, custom-built for the diverse needs of clients from across the globe. Headquartered in India and with sales offices in Japan, USA & Germany, TDPS also has a vast network of service providers in 6 continents; helping it address customer needs with an exceedingly high level of precision and agility.