Diamond Power Infrastructure Ltd , engaged in manufacturing transmission and distribution power products including conductors, cables (LV/HV/EHV), and transmission towers under the DICABS brand, reported exceptional financial turnaround for Q2FY26.
Financial Highlights:
- Revenues surged 75.2% year-on-year to ₹438 crore from ₹250 crore, marking record quarterly sales with 45% sequential growth.
- Total expenses rose 66.26% to ₹409 crore from ₹246 crore.
- Consolidated net profit skyrocketed 600% to ₹28 crore from ₹4 crore, with operating margins expanding to 10.48%.
- Earnings per share leaped 562.50% to ₹0.53 from ₹0.08.
Robust order execution in power T&D sector, operational leverage, and cost discipline drove the dramatic profitability improvement despite rising interest costs.
Outlook:
Diamond Power Infrastructure Ltd approved ₹1,000 crore QIP fundraising and focuses on capacity expansion to capitalize on power sector demand growth.
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