| Market Cap | ₹21,728 CrConsumer Durables |
|---|---|
| P/E TTM | 110.57Sector 42.06 |
| Promoter Holding | 74.03%No pledge |
| 1-Year Return | 138.12%Price growth |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 1,032 | 690 | 438 |
| Other Income | 18.2 | 7.7 | 0.1 |
| Total Income | 1,050 | 698 | 438 |
| Profit Before Tax | 109 | 58.7 | 25.1 |
| Exceptional Items | 0.0 | 0.0 | -3.7 |
| Net Profit | 108 | 58.4 | 24.0 |
| Operating Margin | 10.3% | 8.4% | 5.7% |
| Net Profit QoQ | +84.8% | ||
| Net Profit YoY | +349.6% | ||
| Adj. Profit QoQ | +77.3% | ||
| Adj. Profit YoY | +215.0% | ||
Key highlights
- Net profit surged 349.6% year-on-year to ₹108 crore from ₹24.0 crore in the same period last year
- Revenue from operations crossed the thousand-crore mark to reach ₹1,032 crore in Q2 FY27
- Operating margins expanded significantly to 10.3% compared to 5.7% in the year-ago quarter
- Board approved a ₹170 crore capex plan for an Integrated Polymer Complex at Vadodara
- Company successfully utilised ₹1,097.78 crore from its recent ₹1,613.97 crore QIP fundraise
Net Profit Surges 350% as Revenue Hits Milestone
Diamond Power Infrastructure Ltd demonstrated significant operational scaling in the quarter ended September 30, 2026. Revenue from operations reached ₹1,032 crore, representing a substantial increase from ₹438 crore in the corresponding quarter of the previous year. This revenue growth was accompanied by a sharp rise in net profit, which surged by 349.6% year-on-year to reach ₹108 crore.
The company's operating margin improved to 10.3%, up from 5.7% in Q2-26. This performance marks a continued upward trajectory following the company's successful restart of commercial operations in December 2022 under new management.
Vertical Integration via ₹170 Crore Polymer Complex
The Board of Directors has granted in-principle approval for a capital expenditure plan of ₹170 crore to establish an Integrated Polymer Complex at Vadodara. This project, to be executed in two phases, will focus on manufacturing PVC/FRLS compounds and various grades of XLPE compounds, including super-clean variants for cables rated up to 400 kV. Upon completion, the facility is expected to be India’s first super-clean cable-grade polymer facility.
This strategic move aims to make the company the only Indian cable manufacturer with a fully integrated value chain, spanning from aluminium rods to high-voltage insulation.
QIP Proceeds and Financial Health
- The company raised ₹1,613.97 crore through a Qualified Institutions Placement (QIP) during the period
- As of September 30, 2026, the company has utilised ₹1,097.78 crore of the QIP proceeds for stated objects
- Major QIP allocations include ₹489.08 crore for working capital and ₹340 crore for debt repayment
- Statutory auditors Naresh & Co. issued an unmodified conclusion on the financial results
- Management confirmed that unutilised QIP proceeds of ₹516.19 crore are held in bank fixed deposits
- A comprehensive physical verification and reconciliation of Property, Plant, and Equipment is now complete
Strategic Integration Goals
It would also make the Company the only Indian cable manufacturer with a fully integrated value chain, from aluminium rod to 400 kV insulation.
| Date | Announcement | Amount |
|---|---|---|
| 13 Aug 2026 | Management guidance for FY27 revenueSource: tijorifinance.com | – |
| 13 Aug 2026 | Q1 FY27 consolidated net profitSource: market data.com | ₹58.45 Cr |
| 26 May 2026 | Q4 FY26 consolidated net profitSource: kotakneo.com | ₹60.61 Cr |
| 14 Feb 2026 | Q3 FY26 consolidated net profitSource: hdfcsec.com | ₹49.72 Cr |
| 10 Nov 2025 | Q2 FY26 consolidated net profitSource: earnings.thecore.in | ₹28.00 Cr |
| 08 Aug 2025 | Q1 FY26 consolidated net profitSource: market data.com | ₹20.11 Cr |
What to watch next
- Earnings call scheduled for November 04, 2026, to discuss expansion plans
- Commissioning of new CCV line for cables up to 132 kV expected by December 31, 2027
- Execution of the ₹3,688 crore unexecuted order book reported in August 2026
- Commencement of Phase I construction for the Integrated Polymer Complex at Vadodara
“The complex will manufacture PVC/FRLS compounds, silane and peroxide cross-linked XLPE compounds, and super-clean XLPE compounds for cables rated up to 400 kV.”
| Share price | ₹363.3 |
|---|---|
| Market capitalisation | ₹21,727.92 Cr |
| Revenue (annual) | ₹1,910.10 Cr |
| Net profit (annual) | ₹158.17 Cr |
| Revenue (latest quarter) | ₹689.88 Cr-0.86% vs previous quarter |
| Net profit (latest quarter) | ₹58.45 Cr-3.58% vs previous quarter |
| P/E (TTM) | 110.57×Sector 42.06× |
| Promoter holding | 74.03%-9.99% QoQ |
| FII holding | 4.14%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Diamond Power Infrastructure Ltd announcing its unaudited financial results for the quarter and half year ended September 30, 2026. Market figures from a third-party data provider.
