Diamond Power Infrastructure has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges. The filing discloses the company’s standalone performance across environmental, social, and governance parameters for the financial year ended March 2026.

The report highlights a turnover of ₹19,444.67 crore and a net worth of ₹614.56 crore. The entity operates primarily in the manufacturing of cables and conductors, with 100% of its turnover derived from this segment.

Environmental Performance

The company reported significant changes in its energy consumption and greenhouse gas emissions compared to the previous year. Total energy consumption from non-renewable sources rose to 10,40,78,448 MJ from 7,78,08,636 MJ in FY25.

Despite the increase in absolute energy use, total Scope 1 and Scope 2 GHG emissions fell sharply to 13,933.91 metric tonnes of CO2 equivalent from 27,218.13 metric tonnes in FY25. This reduction drove the emission intensity per rupee of turnover down to 7.17 from 24.41.

Water withdrawal increased to 25,034.52 kilolitres, up from 17,296 kilolitres in the prior year. The company disposed of 5.78 metric tonnes of hazardous waste, a decrease from 8.67 metric tonnes in FY25.

Employee Welfare and Safety

Diamond Power Infrastructure employed 254 permanent employees and engaged 1,200 workers during the year. The workforce is predominantly male, with women constituting 10.63% of employees and none among the worker category. The company reported a permanent employee turnover rate of 7%, down from 8% in FY25.

Training coverage remained high, with 96% of employees and 100% of workers receiving awareness programmes on safety and skills. The cost incurred on well-being measures stood at 0.38% of total revenue, lower than the 0.58% recorded in FY25.

Governance and Stakeholder Engagement

The board comprises six directors, including one woman (16.67% representation). Key Management Personnel included one female member, representing 50% of the KMP group. The company received 10 shareholder complaints during FY26, all of which were resolved by year-end. No complaints were filed regarding sexual harassment or child labour.

What the Numbers Show

A notable divergence exists between the company’s rising operational intensity and its improving carbon efficiency. While total non-renewable energy consumption increased by over 33% and water withdrawal rose by approximately 45%, the combined Scope 1 and Scope 2 GHG emissions dropped by nearly 49%. This suggests that the additional energy input was likely derived from lower-carbon sources or that process efficiencies significantly decoupled energy usage from carbon output, despite the higher volume of physical resources consumed.

Diamond Power Infrastructure reported a 191% year-on-year rise in net profit to ₹58.5 crore for the quarter ended June 30, 2026 (Q1FY27). Revenue more than doubled to ₹690 crore, reflecting strong operational leverage despite monsoon-related disruptions in Gujarat.

Financial Performance

The company’s top line grew 129% YoY to ₹690 crore, meeting internal targets despite heavy rainfall affecting installation sites. EBITDA expanded by 172% to ₹85 crore, with margins widening by nearly 200 basis points to 12.3%. This margin expansion occurred even as raw material costs for aluminum and copper remained firm, indicating effective cost absorption across a larger revenue base.

Profit after tax stood at ₹58.5 crore, translating to an earnings per share of ₹1.11. The tax charge was negligible due to the carry-forward of accumulated losses from the pre-resolution period, a benefit expected to taper over the next two years as profitability continues.

What the Numbers Show

The divergence between revenue growth (129%) and profit growth (191%) highlights significant operating leverage. While gross margins faced pressure from metal price fluctuations and lagged pass-throughs, fixed costs were spread over a substantially larger top line. This structural shift allowed the company to deliver a materially stronger operating margin despite headwinds in input costs.

Order Book and Capacity Expansion

As of August 11, 2026, the order book stood at ₹3,688 crore, approximately twice last year’s revenue. Over ₹1,000 crore in fresh wins were secured since April, including recent orders worth ₹400 crore. Approximately ₹845 crore is scheduled for execution in the next year, supporting management’s guidance for full-year revenue in the range of ₹4,300 crore to ₹4,500 crore.

Management highlighted several capacity expansions:

• Two new aluminum corrugation lines approved to expand 66 kV and 132 kV cable capacity.
• A sixth CCV line ordered, expected to commission before December 2027.
• Two additional medium voltage cable lines under installation.
• A new LV cable project converting legacy plants, targeting commercial production in FY28.

Balance Sheet and Capital Raise

The company completed a Qualified Institutional Placement (QIP) raising ₹1,640 crore, achieving full minimum public shareholding compliance. Post-QIP, the net worth turned positive to ₹691 crore, up from a negative ₹922 crore as of June 30, 2026. Funds will be deployed towards working capital (₹750 crore), promoter debt repayment (₹350 crore), and capital expenditures for LV cable expansion and balancing equipment.

Exports remain negligible currently, but management targets an order book of at least ₹500 crore from exports by the end of FY27, focusing on conductor and medium voltage businesses in Europe and the U.S.