Diamond Power Infrastructure Limited reported a robust first quarter for FY27, with revenue increasing by 129% year-on-year to INR690 crore. EBITDA grew by 172% to INR85 crore, and profit after tax surged by 191% to INR58.5 crore. The company highlighted its strategic shift towards high-value segments and capacity expansions, positioning for continued growth.
Diamond Power Infrastructure Limited Reports Strong Q1 FY27 Financials
Diamond Power Infrastructure Limited has announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ended June 30, 2026. The company demonstrated significant year-on-year growth across key financial metrics.
Key Financial Highlights (Q1 FY27):
- Revenue: INR 690 crore (up 129% YoY)
- EBITDA: INR 85 crore (up 172% YoY), with a margin of 12.3%
- Profit After Tax: INR 58.5 crore (up 191% YoY), with a net margin of 8.5%
- Earnings Per Share (EPS): INR 1.11 (on a face value of INR 1)
Operational Performance and Market Strategy
Despite facing adverse weather conditions impacting project execution, the company met its internal target of INR 700 crore. The strong profit growth relative to revenue underscores the positive impact of operating leverage. Diamond Power is strategically focusing on the medium voltage (MV) and extra-high voltage (EHV) cable segments, which offer higher value and better realizations compared to the commoditized low-voltage (LV) market.
The company is undertaking significant capacity expansions, including new aluminum corrugation lines to expand 66 kV and 132 kV cable capacity, and ordering a sixth CCV line. Additionally, a new LV cable project is underway, expected to add substantial capacity and revenue potential. These initiatives are supported by a recent INR1,640 crore QIP placement, which has made the company’s net worth positive.
Future Outlook and Guidance
Diamond Power is confident in its trajectory, with an order book of INR3,688 crore as of August 11, 2026. The company projects a full-year revenue in the range of INR4,300 crore to INR4,500 crore for FY27, driven by increasing utilization, capacity ramp-up, and a strong order pipeline. The company aims to achieve INR7,500 crore in revenue by FY28, with a continued focus on improving margins and operational efficiency.
Source: BSE
