The call ran from 10:01 AM to 11:02 AM IST (1 h 1 min).
Key takeaways
Diamond Power hit its first ₹1,000 Cr revenue quarter, exiting NCLT with a cleaned balance sheet and aggressive capacity expansion plans.
| Management target | Revenue FY27 |
|---|
| Revenue growth | 135% YoY to ₹1,032 Cr; volume-led growth exceeding 60%. |
|---|---|
| Margins | EBITDA margins expanded 240 bps to 12.9% via operating leverage. |
| Order book | ₹3,735 Cr as of Sept 30; book-to-bill at 1.29x. |
| Demand visibility | Strong visibility from grid build-out, renewables, and data centers. |
| Management confidence | Extremely bullish; focusing on transition to EHV and specialized segments. |
Growth
Revenue grew 135% YoY to ₹1,032 Cr, primarily volume-driven (60-70%) despite metal price inflation masking real gains.
Outlook
Management maintained FY27 revenue guidance of ₹4,300–4,500 Cr; targeting ₹10,000 Cr top-line in 3-4 years.
Risks
Heavy dependence on Adani Group (43% of order book) and execution risk of complex EHV polymer plant.
Last quarter's promises, checked
Delivered
- EBITDA margin guided 11–13% → 12.9% (= BEAT)
Partly delivered
- FY27 revenue ₹4,300–4,500 Cr → maintained; current qtr ₹1,032 Cr (= PARTIAL)
- Order inflow ₹275–325 Cr/mo → book ₹3,688 Cr (Aug 11) to ₹3,735 Cr (Sep 30); gross inflow undisclosed (= PARTIAL)
- FY28 ₹7,500 Cr → ₹10,000 Cr in 3–4 yrs (= PARTIAL, re-based)
Missed
- Adani ≤20% of book by FY27-end, from 40%+ → 43% (= MISS)
- Q1 internal target ₹700 Cr → ₹690 Cr, claimed met (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Diamond Power Infrastructure Q2 FY27 Results: Net Profit ₹107.9 Cr, Up 349.6% YoY
Diamond Power Infrastructure Ltd reported revenue from operations of ₹1,032 Cr (+135.4% YoY) and net profit of ₹107.9 Cr (+349.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹107.9 Cr · +349.6% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided FY27 revenue of ₹4,300–4,500 Cr and FY28 target of ₹7,500 Cr.
Growth they described
Consolidated revenue grew 129% YoY to ₹690 Cr; PAT surged 191% as margins expanded through operational efficiency and product mix.
Call details
| Company | Diamond Power Infrastructure Ltd |
|---|---|
| NSE symbol | DIACABS |
| ISIN | INE989C01038 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 10:00 AM IST |
| Length | 1 h 1 min |
| Audio | Our stream on YouTube ↗ |
Diamond Power Infrastructure Ltd: key numbers
- Share price
- ₹385.85
- Market cap
- ₹23,077 Cr
- Revenue (annual)
- ₹1,910 Cr
- Net profit (annual)
- ₹158.2 Cr
- P/E (TTM)
- 83.4×Sector 43.1×
- Promoter holding
- 74.03%-9.99% QoQ
- FII holding
- 4.14%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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