Diamond Power Infrastructure (522163) Q1 26/27 earnings summary

Executive summary

• Achieved consolidated Q1 FY27 revenue of INR 690 crore, up 129% year-over-year, despite severe monsoon disruptions impacting project execution.

• EBITDA rose 172% to INR 85 crore with margin expansion to 12.3%, and profit after tax increased 191% to INR 58.5 crore, reflecting strong operating leverage.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved, with auditors issuing an unmodified opinion.

• Successfully completed a QIP, raising INR 1,640 crore, turning net worth positive and achieving full minimum public shareholding compliance.

• Major milestone achieved as the company was discharged from CBI/ED/PLMA matters, facilitating asset release and improved liquidity.

Financial highlights

• Revenue: INR 690 crore for Q1 FY27, up 129% year-over-year.

• EBITDA: INR 85 crore, up 172% year-over-year, margin at 12.3% (up nearly 200 bps).

• Profit after tax: INR 58.5 crore, up 191% year-over-year, net margin at 8.5%.

• EPS: INR 1.11 per share (face value INR 1).

• Negligible tax charge due to carried forward losses; benefit expected to last at least 2 more years.

Outlook and guidance

• FY27 revenue guidance: INR 4,300–4,500 crore, with margin profile maintained at 11–13%.

• FY28 revenue target: INR 7,500 crore; aiming for 75% utilization in three years.

• Discharge from regulatory matters is expected to enhance liquidity, enable working capital borrowings, and facilitate recoveries against pre-NCLT receivables.

• Data center cable orders targeted at INR 1,000 crore by March 2027, with 20% of cable revenue expected from this segment.

• Export order book target of INR 500 crore for the current year, with focus on Europe and US markets.