Diamond Power Infrastructure (522163) Q1 26/27 earnings summary

Executive summary

• Achieved consolidated Q1 FY27 revenue of INR 690 crore, up 129% year-over-year, despite severe monsoon disruptions impacting project execution in Gujarat.

• EBITDA rose 172% to INR 85 crore with margin expansion to 12.3%, and profit after tax surged 191% to INR 58.5 crore, reflecting strong operating leverage.

• Successfully completed a QIP raising INR 1,640 crore, turning net worth positive and achieving full minimum public shareholding compliance.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved, with auditors issuing an unmodified opinion.

• Major milestone achieved as the company was discharged from CBI/ED/PLMA matters, facilitating asset release and improved liquidity.

Financial highlights

• Consolidated revenue from operations for Q1 FY27 was INR 690 crore, up 129% year-over-year.

• EBITDA: INR 85 crore, up 172% year-over-year, margin at 12.3%.

• Net profit: INR 58.5 crore, up 191% year-over-year, net margin at 8.5%.

• EPS: INR 1.11 per share (face value INR 1).

• Tax charge negligible due to accumulated losses carried forward.

Outlook and guidance

• FY27 revenue guidance: INR 4,300–4,500 crore, with margin profile of 11–13%.

• FY28 revenue target: INR 7,500 crore; utilization expected to rise to 60% for both cables and conductors.

• Peak revenue potential at full utilization estimated at INR 14,000 crore.

• Discharge from regulatory matters is expected to enhance liquidity, enable working capital borrowings, and facilitate recoveries against pre-NCLT receivables.

• Gradual ramp-up expected, with strongest quarters in H2 due to seasonality and new capacity commissioning.