Diamond Power Infrastructure Limited’s Board of Directors has approved the audited financial results for the quarter and year ended March 31, 2026. The board also accepted the resignation of Mr. Samir Naik as Chief Financial Officer and Whole-time Director, appointing Mr. Pawan Lohiya as his successor. The company announced these key decisions following its board meeting on May 26, 2026.
Board Approves Audited Financial Results
Diamond Power Infrastructure Limited announced today, May 26, 2026, that its Board of Directors has reviewed and approved the Audited Financial Results for both the quarter and the full financial year ending March 31, 2026. These results were previously recommended by the Audit Committee and will be published along with the Auditors’ Report, which includes a modified opinion.
Key Leadership Transitions
In significant personnel changes, the Board has accepted the resignation of Mr. Samir Naik from his positions as Chief Financial Officer and Whole-time Director, effective May 25, 2026, due to personal family reasons. Following this, the Board has approved the appointment of Mr. Pawan Lohiya as the new Chief Financial Officer, effective May 26, 2026. Mr. Lohiya, who has served as Deputy CFO for the past two years, was recommended for the role by the Audit Committee and the Nomination and Remuneration Committee.
Auditors’ Report Highlights Qualified Opinion
The independent auditors, Naresh & Co., have issued a report on the consolidated financial results for the quarter and year ended March 31, 2026. While presenting a true and fair view, their opinion is qualified. The qualification stems from an ongoing exercise related to the updation of the Property, Plant & Equipment Register, including physical verification and reconciliation, which is being conducted by an independent agency. The final determination of value-in-use and estimated remaining useful lives for these assets is still in process, impacting the accuracy of prospective depreciation calculations. This matter is expected to be resolved in the next fiscal year.
Financial Performance Snapshot (Consolidated)
Quarter Ended March 31, 2026
- Total Income: ₹70,291.06 Lakhs
- Total Expenses: ₹64,071.07 Lakhs
- Net Profit: ₹6,061.48 Lakhs
- Total Comprehensive Income: ₹6,067.37 Lakhs
Year Ended March 31, 2026
- Total Income: ₹1,91,809.83 Lakhs
- Total Expenses: ₹1,75,616.08 Lakhs
- Net Profit: ₹16,193.75 Lakhs
- Total Comprehensive Income: ₹15,816.04 Lakhs
Earnings Per Share (EPS) for the year ended March 31, 2026, stands at ₹3.00 (Basic) and ₹3.00 (Diluted).
Standalone Financials Also Approved
Similarly, the Board approved the Standalone Audited Financial Results for the quarter and year ended March 31, 2026. The auditors’ report on the standalone results also carries a qualified opinion due to the same ongoing issues with the Property, Plant & Equipment Register. For the year ended March 31, 2026, the standalone Net Profit was ₹14,727.70 Lakhs, with Basic and Diluted EPS at ₹2.80.
Source: BSE
