Diamond Power Q1 FY27 Revenue ₹690 Cr, Up 129% YoY; PAT ₹58.5 Cr, Up 191%
Diamond Power's Q1 FY27 revenue reached ₹690 Cr, up 129% YoY. PAT grew 191% to ₹58.5 Cr. The company raised ₹1,640 Cr via QIP. Full-year revenue is projected at ₹4,300-4,500 Cr. Order book stands at ₹3,688 Cr. Capacity expansions and strategic focus on MV/EHV segments are underway.
The substantial revenue and profit growth, coupled with a significant QIP fundraising and clear capacity expansion plans, indicate a material positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and profit, significant margin expansion, and successful fundraising through QIP. Future outlook and strategic initiatives appear positive.
Diamond Power Infrastructure Limited announced its financial results for the quarter ended June 30, 2026 (Q1 FY2027), reporting a consolidated revenue of ₹690 crores, a significant increase of 129% year-on-year. This growth was achieved despite disruptions from heavy rainfall in Gujarat, which impacted installation sites. The company's EBITDA grew by 172% to ₹85 crores, with a margin expansion of nearly 200 basis points to 12.3%. Profit after tax surged by 191% to ₹58.5 crores, resulting in a net margin of 8.5%. Earnings per share stood at ₹1.11.
The company highlighted that its profit is growing considerably faster than its revenue, indicating operating leverage. Despite gross margin pressures due to raw material price fluctuations, the EBITDA margin expanded due to better absorption of fixed costs over a larger top line. The company expects this trend to continue as product mix and utilization improve.
Diamond Power also completed a Qualified Institutional Placement (QIP) in the quarter, raising ₹1,640 crores. These funds are being deployed into capacity expansion, with the impact expected to be visible in the second half of the fiscal year. The company is strategically shifting towards leadership in the medium voltage (MV) and extra high voltage (EHV) segments.
Planned capacity expansions include two aluminum corrugation lines to expand 66 kV and 132 kV cable capacity, a sixth CCV line expected to be commissioned by December 2027, and two additional medium voltage cable lines currently under installation. A new Low Voltage (LV) cable facility, converting an old rod mill, is expected to be operational by FY2027-28, with a revenue potential of ₹1,880 crores.
The company's order book stood at ₹3,688 crores as of August 11, 2026, with expectations to add ₹275-325 crores of orders monthly. Diamond Power is on track to achieve a full-year revenue target of ₹4,300 crores to ₹4,500 crores in FY2027, maintaining its current margin profile. The company sees strong demand driven by India's power infrastructure expansion, renewable energy evacuation, grid reinforcement, smart city mandates, and climate resilience initiatives.
Key management changes include the addition of Mr. Umesh Chhaya as Whole-Time Director. The company is also building a dedicated export team and targeting geographies in the U.S., Middle East, and Africa.
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