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Earnings Call Transcript

Diamond Power Infrastructure Earnings Call Transcript: Key Takeaways

Diamond Power hit its first ₹1,000 Cr revenue quarter, exiting NCLT with a cleaned balance sheet and aggressive capacity expansion plans.

Diamond Power Infrastructure Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth135% YoY to ₹1,032 Cr; volume-led growth exceeding 60%.
MarginsEBITDA 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 visibilityStrong visibility from grid build-out, renewables, and data centers.
Management confidenceExtremely 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)
Source

Earnings Call Transcript filed with NSE, NSE: DIACABS. Summary written with AI assistance from the document.

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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.

More from Diamond Power Infrastructure Ltd

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13:01 IST BSE
Financial Results

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
11:15 IST NSE
Capacity Expansion

Diamond Power Infrastructure Capacity Expansion: ₹25 Cr Investment

DICABS will add a CCV line for 132 kV cables at its Vadodara plant at Rs 25 crore cost. Commissioning targeted by December 2027 via internal accruals.

Value
₹25.00 Cr
Execution
Commissioning by December 31, 2027
CCV line for cables up to 132 kV
1 CCV lines