Diamond Power Infrastructure Ltd

Diamond Power Infrastructure Limited reported Q1 FY27 revenue of INR690 crores, up 129% YoY, with EBITDA of INR85 crores (12.3% margin) and net profit of INR58.5 crores (8.5% margin). The company achieved these results despite early and heavy monsoon rains disrupting operations, highlighting strong operating leverage as revenue growth outpaced profit growth. Management emphasized strategic shifts toward medium and extra high voltage (MV/EHV) cables, with new production lines increasing capacity for 66 kV and 132 kV cables. The order book stood at INR3,688 crores as of August 11, 2026, with INR400 crores in new orders in the past week. The company raised INR1,640 crores via QIP, improving net worth to INR691 crores. Capacity expansion, including new CCV and MV lines, is expected to drive FY27 revenue of INR4,300–4,500 crores. Management noted that EBITDA margins are expected to remain stable at 11–13% despite metal price fluctuations. The company is also expanding into data center cables and international markets, with export plans targeting Europe and the U.S. in FY27–28. Utilization rates are projected to rise to 40–50% for conductors and 50–52% for cables in FY27, with further growth anticipated in FY28. The company aims to achieve INR7,500 crores in FY28 and INR14,000 crores in subsequent years, with data center orders expected to contribute 20% of revenue. Challenges include managing rapid growth, macroeconomic factors like metal prices, and operational scaling, though the company is investing in automation and AI to improve efficiency.

The document emphasizes strong financial performance, strategic capacity expansion, and confidence in future growth despite challenges.