Diamond Power Infrastructure Limited (DPIL) released its Investor Update for Q3 FY26, highlighting substantial year-over-year (YoY) growth across key metrics. Revenue reached ₹47,408 Lakhs, marking a 54% YoY increase. Gross Margin and PAT also showed robust improvements, with PAT surging 692% YoY to ₹4,972 Lakhs. The company emphasizes commercial momentum, strategic margin management, and ongoing digital transformation initiatives.
Q3 FY2025-26 Key Financial Highlights
Diamond Power Infrastructure Limited reported exceptional performance for the quarter ended December 31, 2025. The company achieved a Revenue of ₹47,408 Lakhs in Q3 FY26, representing a 54% YoY growth and 8% QoQ increase. For the Nine Months (9M) ended the same date, Revenue stood at ₹1,21,424 Lakhs, up 55% YoY.
Profitability metrics demonstrated exponential growth:
- Gross Margin (Q3 FY26): ₹11,025 Lakhs (150% YoY increase).
- EBITDA (Q3 FY26): ₹6,976 Lakhs, marking a massive 335% YoY growth and 52% QoQ rise.
- PAT (Q3 FY26): ₹4,972 Lakhs, an impressive 692% YoY jump and 79% QoQ growth.
The outstanding order position remains strong at ₹3300 CR+, supported by 521* Key approvals and a customer base of 275 Customers.
Profit & Loss Statement Summary (INR in Lacs)
The comparison of Q3 FY26 results against previous periods shows significant margin expansion:
The EBIDTA margin for Q3 FY26 was 14.7%, up from 10.5% in Q2 FY26 and 5.2% in Q3 FY25. Similarly, the PAT margin rose to 10.5% in Q3 FY26, compared to 6.3% in the previous quarter and just 2.0% in the year-ago quarter.
Drivers of Quarterly Profitability
The strong performance this quarter was driven by three primary areas:
- Commercial Momentum: Achieved 100% Growth in Retail Sales (QoQ), bolstered by the successful introduction of EHV (Extra High Voltage) Cables.
- Margin Management: Implemented Risk Mitigation strategies, including enforced Price Variation Clauses linked to the metal index and securing Polymers & Steel at favorable contract rates.
- Operational Excellence: Executed a rigorous Cost Optimisation Programme leading to tangible savings in Raw Material Consumption, Packaging, and Logistics.
Product Sales Analysis (FY 2025-26)
Analysis of product-wise sales for Q3 FY26 shows that Conductors accounted for 41% of the sales (₹18,798 Lakhs), followed by HT Cable at 36% (₹16,514 Lakhs).
Strategic Roadmaps and Future Focus
Capital Expenditure Orientation
The company’s CAPEX orientation for the next two years focuses on technological advancement and product expansion. Key areas include investing in Newer Technologies, launching New Products, upgrading to Energy Efficient machines, and focusing on Retail and New Energy Products.
Market Capturing Roadmap
DPIL is strategically aiming to increase its voltage rating up to 400kv. Furthermore, the company intends to rapidly increase its customer base from the current 275 to 2000 in Two years, with significant focus on MENA, EU & USA Exports.
Digital Transformation Initiatives
DPIL is undergoing a comprehensive digital overhaul supported by Grant & Thornton (GT Bharat) to become paperless and retailer-centric. Key deadlines include implementing HRMS/CRM/Online pricing software by March 31, 2026, and fully digitizing the procurement process by June 30, 2026.
Sustainability Credentials (ESG)
The company is emphasizing its commitment to Environmental, Social, and Governance (ESG) standards. This includes achieving Environmental Product Declaration (EPD) Certification for products like 33kV Aluminium Cables, which show an 90% Aluminium Recycling at End-of-Life and a 35-Year Lifecycle Assessed. Governance structure includes a board with independent directors and active risk governance frameworks.
Source: BSE
