Diamond Power Infrastructure Limited’s Board of Directors approved the Unaudited Financial Results for Q3 FY2026 (ended December 31, 2025) on February 14, 2026. The Board also approved seeking shareholder consent for material related-party transactions and borrowing limits. Crucially, Mr. Kalpesh Patel was appointed as the new Chief Operating Officer (COO) effective April 30, 2026. Financial statements are subject to a qualified audit opinion related to the ongoing P,P&E register updation.
Board Meeting Outcome: February 14, 2026
The Board of Directors of Diamond Power Infrastructure Limited met on February 14, 2026, to review and approve key operational and financial matters. The primary outcomes included the approval of the Unaudited Financial Results for the quarter and nine months ended December 31, 2025, along with the Limited Review Reports.
Key Financial Highlights (Consolidated)
For the nine months ended December 31, 2025, the Consolidated Total Income stood at ₹1,21,518.77 Lakhs, compared to ₹78,190.32 Lakhs in the previous comparable period (nine months ended December 31, 2024). The Net Profit for the period was ₹9,755.45 Lakhs. The Earnings Per Share (Basic and Diluted) for the nine months stood at ₹1.85.
Governance and Appointments
The Board formally approved the appointment of Mr. Kalpesh Patel as the Chief Operating Officer (COO) and Senior Managerial Personnel, effective April 30, 2026. This appointment was reviewed and recommended by the Nomination and Remuneration Committee. The board also resolved to seek shareholder approval via Postal Ballot concerning Material Related Party Transactions for FY 2026-27 and approve borrowing limits under Section 180 of the Companies Act, 2013.
Profile of New COO
Mr. Kalpesh Patel brings over 34 years of leadership experience in manufacturing operations, specializing in lean transformation and cost optimization. He holds an MBA in Finance and Capital Project Management. His prior roles include Director Operations at Virginia Transformers Corp., and leadership positions at Hitachi Energy and GE Power.
Auditor’s Qualification and Notes
The Independent Auditor issued a Qualified Conclusion on both the Consolidated and Standalone results due to an ongoing exercise concerning the updation/preparation of the Property, Plant, and Equipment (PPE) Register and reconciliation of Capital Work-in-Progress (CWIP). This work, allotted to an external agency, involves technical estimations of value-in-use and remaining useful lives, which is causing a delay in final accounting adjustments, including depreciation.
Furthermore, the notes detail that the Enforcement Directorate’s attachment on company assets has not been released, though management believes the assets are protected under the IBC proceedings.
Standalone Performance Snapshot
For the nine months ended December 31, 2025, the Standalone Total Income was ₹1,23,045.15 Lakhs. The Net Profit for the period reached ₹9,036.48 Lakhs. The Basic and Diluted EPS for the nine-month period was reported as ₹1.71.
Statutory Compliance and EPS Restatement
The financial statements reflect compliance with the new Labour Codes effective from November 21, 2025, resulting in additional provisions of ₹21.16 Lakhs for gratuity and ₹19.88 Lakhs for leave liability.
EPS figures across all presented periods have been restated following the 1:10 stock split approved in the previous financial year, which fixed the record date as December 3, 2024.
Source: BSE
