DIACABS has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a profit of ₹5,844.66 crore for the quarter, with total income reaching ₹69,755.63 crore. Key highlights include the appointment of Mr. Umeshkumar Chhaya as Additional & Whole-time Director and the proposed shifting of the registered office. The financial results were reviewed by M/s. Naresh & Co., Chartered Accountants.
DIACABS Reports Strong Q1 FY27 Performance
Diamond Power Infrastructure Limited (DIACABS) has declared its unaudited financial results for the first quarter of the financial year 2026-27, ending June 30, 2026. The company posted a net profit of ₹5,844.66 crore for the quarter, reflecting a robust financial performance. Total income for the period stood at ₹69,755.63 crore, supported by revenue from operations of ₹68,987.64 crore and other income of ₹767.99 crore.
Key Corporate Developments
Appointment of New Director
In a significant corporate move, the Board of Directors approved the appointment of Mr. Umeshkumar Chhaya (DIN: 11881011) as an Additional Director and Whole-time Director. This appointment is effective from August 13, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Chhaya brings over three decades of experience in the Wire & Cable industry.
Registered Office Relocation
The company also approved the proposal to shift its Registered Office from Vadodara, Gujarat, to Ahmedabad, Gujarat. The new address will be Westgate (True Value), Block D, 17th Floor, Office No. 1703 to 1707, Nr. YMCA Club, S.G. Highway, Makarba, Ahmedabad – 380051. This relocation aims to enhance administrative and operational convenience and is also subject to shareholder approval.
Financial Highlights
Expenses for the quarter were reported at ₹63,886.35 crore. The profit before exceptional items and tax was ₹5,869.28 crore. Exceptional items, specifically a short provision of depreciation for the prior year, amounted to ₹370.08 crore. After tax expenses of ₹24.62 crore, the net profit stood at ₹5,844.66 crore.
Other Comprehensive Income (Net of Taxes) contributed negatively at (₹14.29) crore. Consequently, the Total Comprehensive Income for the period was ₹5,830.37 crore. Earnings per share (EPS) for the quarter were basic at ₹1.11 and diluted at ₹1.11.
Auditor’s Review
The financial results, both standalone and consolidated, along with their Limited Review Reports issued by M/s. Naresh & Co., Chartered Accountants, have been reviewed and approved by the Audit Committee and the Board of Directors. The auditors issued an unmodified opinion on the financial results.
Source: BSE
