Diamond Power Infrastructure Limited has announced the approval of its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also granted in-principle approval for a ₹170 crore capital expenditure plan to establish an Integrated Polymer Complex in Vadodara. This new facility aims to manufacture advanced polymer compounds, positioning the company for significant growth and integration in the cable manufacturing value chain.
Diamond Power Approves Financial Results and Expansion Plan
Diamond Power Infrastructure Limited has declared key strategic and financial updates following a Board of Directors meeting held on November 3, 2026. The company’s Board has officially approved the unaudited financial results, both standalone and consolidated, for the quarter and half-year ended September 30, 2026. These results were reviewed by the Audit Committee and presented with unmodified Limited Review Reports from statutory auditors.
Significant Capital Expenditure for Polymer Complex
A major highlight of the board meeting was the in-principle approval of a significant capital expenditure plan amounting to ₹170 crore. This investment is earmarked for the development of an Integrated Polymer Complex in Vadodara, which will be executed in two phases. The complex is set to manufacture advanced materials including PVC/FRLS compounds, silane and peroxide cross-linked XLPE compounds, and super-clean XLPE compounds suitable for cables rated up to 400 kV. Upon completion, this facility is expected to be India’s first super-clean cable-grade polymer facility, enhancing the company’s integrated value chain from aluminium rod to high-voltage insulation.
Key Financial Disclosures
The Board also reviewed and took note of the Statement of utilization of funds raised through Qualified Institutions Placement (QIP) for the quarter ended September 30, 2026. There were no deviations noted in the utilization of QIP proceeds compared to the objects stated in the Placement Document. Additionally, a Monitoring Agency Report for the same quarter, issued by CARE Ratings Limited, was also acknowledged, confirming adherence to regulatory requirements.
Operational and Financial Performance Highlights
For the quarter ended September 30, 2026, the company reported total income from operations of ₹1,03,190.38 lakh, with a net profit after tax of ₹2.88 lakh. The total comprehensive income stood at ₹10,790.36 lakh. Basic earnings per share for the period were ₹1.87. The consolidated assets and liabilities statement as of September 30, 2026, indicates total assets of ₹3,21,171.48 lakh and total liabilities of ₹3,21,171.48 lakh. The company also highlighted a ₹1,613.97 crore QIP during the quarter, with ₹1,097.78 crore utilized and ₹516.19 crore unutilized as of the reporting date.
Regulatory Filings and Disclosures
The company submitted its Consolidated Unaudited Financial Results and Consolidated Statement of Assets and Liabilities as of September 30, 2026. The financial statements were subject to a limited review by independent auditors, Naresh & Co., Chartered Accountants, who provided an unmodified conclusion. The disclosures also included details on the regularization of depreciation charges related to the company’s takeover and restructuring process, with adjustments made to Capital Reserve and Retained Earnings.
Source: BSE
