Diamond Power Infrastructure Limited reported a strong financial performance for the year ended March 31, 2026, with consolidated net profit rising 355% to ₹15,817 lakh from ₹3,474 lakh in the previous year. Revenue from operations for the year increased 71% to ₹1,91,010 lakh compared to ₹1,11,539 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. The company also released an investor presentation detailing its strategic positioning and operational capabilities.

Financial Performance

The company’s standalone net profit for FY26 stood at ₹14,757.36 lakh, up from ₹3,473.51 lakh in the previous year. Standalone revenue for the year was ₹1,94,446.68 lakh, compared to ₹1,11,539.25 lakh in FY25. For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹6,061 lakh on revenue of ₹69,587 lakh. EBITDA for FY26 increased sharply by 243% to ₹23,162 lakh compared to ₹6,757 lakh in FY25, while the EBITDA margin improved to 12.1% from 6.1%.

The following table summarises the key financial metrics for the year ended March 31, 2026:

Business Highlights

During FY26, the company’s revenue order book crossed approximately ₹3,498 crore. The company continued expansion in EHV and premium cable offerings with capability up to 400 kV and expanded its manufacturing footprint with additional MV cable lines. The strong performance reflects improving operating leverage, higher utilization levels, and increasing contribution from premium products including AL-59 conductors, HTLS conductors, MVCC conductors and EHV cables.

Strategic Positioning

The management stated that India is entering a multi-year power infrastructure supercycle driven by renewable energy expansion, grid modernization, and data centre investments. Diamond Power Infrastructure Limited is strategically positioned to benefit from these opportunities through its integrated manufacturing platform, EHV capability, and premium product portfolio. The company continues to focus on expanding its pan-India retail network, growing EHV and high-margin specialty products, and export expansion across Europe, Middle East, and Africa.

Auditor's Qualified Opinion

Naresh & Co., the statutory auditors, issued a qualified opinion on the consolidated and standalone financial results. The qualification relates to the ongoing updation of the Property, Plant and Equipment (PPE) register. The management has disclosed that an independent agency is conducting a physical verification and reconciliation of PPE and Capital Work-in-Progress (CWIP). Pending the completion of this exercise, the PPE block from the pre-NCLT/Resolution Plan period is being carried forward at existing balances. Depreciation on these pre-NCLT assets is provided at 20% of the applicable rate, based on management estimates of capacity utilisation and wear and tear.

Diamond Power Infrastructure Limited has disclosed a penalty imposed for non-compliance with Minimum Public Shareholding (MPS) requirements for the quarter ended March 31, 2026. The company received a letter and email from both BSE Limited and National Stock Exchange of India Limited regarding the violation of Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchanges levied a fine of ₹5,31,000 on the company, inclusive of 18% GST. According to the disclosure, the penalty was paid on May 20, 2026. The non-compliance status is currently continuing, and the company has been advised to rectify the shareholding pattern to meet the required norms.

Financial Implications

The company stated that there are no financial implications other than the penalty amount. The base fine of ₹4,50,000 was imposed by each of the stock exchanges, along with an 18% GST component of ₹81,000. The total financial impact includes the payment made to both exchanges.

Regulatory Actions and Next Steps

In addition to the financial penalty, the exchanges warned of further actions, including the freezing of promoter and promoter group holdings, if compliance is not achieved. The notices also restrict promoters and directors from holding new director positions in other listed entities until the company complies with the MPS norms.

Diamond Power Infrastructure has confirmed that the penalty has been paid. The matter regarding the non-compliance will be discussed in detail at the board meeting scheduled for May 26, 2026. The company expressed its commitment to ensuring compliance with the Minimum Public Shareholding requirements at the earliest.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE989C01038/a4a450c5b17f471b.pdf