Diamond Power Infrastructure Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 1 Sept 2026 | Electrical Equipment | Market Cap: ₹21.3K Cr
Target revenue of INR4,300 to INR4,500 crores for FY27, with gradual quarter-on-quarter ramp-up, especially strong in Q3 and Q4 due to seasonality and project commissioning deadlines. Revenue is expected to grow from INR4,300-4,500 crores in FY27 to INR7,500 crores in FY28, with potential to reach INR14,000 crores in the coming years as capacity utilization increases.
From Diamond Power Infrastructure Ltd's Q1 FY27 earnings-call transcript · updated 1 Sept 2026.
Price
₹341
Market Cap
₹21.3K Cr
P/E Ratio
114.8
Revenue Rank
Margin Rank
How does Diamond Power Infrastructure Ltd rank in Electrical Equipment?
Compare Diamond Power Infrastructure Ltd against every Electrical Equipment company this quarter on revenue, margins and earnings-call signals.
Diamond Power Infrastructure Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹696 Cr, net profit ₹61 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 1- →Target revenue of INR4,300 to INR4,500 crores for FY27, with gradual quarter-on-quarter ramp-up, especially strong in Q3 and Q4 due to seasonality and project commissioning deadlines.
- →Expecting INR7,500 crores revenue in FY28 with increased utilization of capacities (conductors at ~60%, cables at ~60%).
- →Capacity expansions (LV cables and CCV lines) commissioning by FY27 and FY28 will support growth.
- →Aiming for INR14,000 crores revenue by FY29, contingent on full utilization and further scaling.
- →Data center business targeted to contribute around 20% of revenues, with INR750 crores expected in current year and INR1,500 crores next year.
- →Export business in early development, targeting INR500 crores order book by end of the year, focusing initially on US, Europe, Middle East, and Africa.
- →Growth driven by demand in medium and extra high voltage cables, urbanization, disaster management, renewable energy, and data center projects.
📈 Profitability & Margins
Rank 3- →Revenue is expected to grow from INR4,300-4,500 crores in FY27 to INR7,500 crores in FY28, with potential to reach INR14,000 crores in the coming years as capacity utilization increases.
- →EBITDA margin guidance for FY27 is maintained between 11%-13%, with potential improvement from better product mix (medium and extra high voltage cables).
- →Profit after tax showed strong growth (191% YoY in Q1 FY27), benefiting from operating leverage and margin expansion despite raw material cost pressures.
- →EPS in Q1 FY27 was INR1.11, reflecting significant profitability improvement and growth.
- →Operating leverage and automation initiatives, including AI adoption, aim to improve operational efficiency and profit growth sustainably.
- →Promoters' confidence and zero net debt position strengthen the financial base for scaling up.
- →Profit margins expected to improve as utilization increases and higher value products gain share.
🏗️ Capital Expenditure Plans
Yes- →Two aluminum corrugation lines approved to expand 66 kV and 132 kV cable capacity with minimal capex (~INR17 crores).
- →Sixth CCV (Continuous Casing Vulcanization) line in final ordering stages; expected commissioning by December 2027; no additional civil or infrastructure cost.
- →Two additional medium voltage cable lines under installation, on schedule; key to 11 to 220 kV segment capacity.
- →Brownfield upgrade for low voltage (LV) cable project converting old rod mill and conductor plant into modern LV and control cable facility, adding ~42,000 kms LV capacity (revenue potential ~INR1,880 crores).
- →Capex per silane-based line: INR15-20 crores; CCV line cost: ~INR100 crores (equipment + utilities/civil construction).
- →No significant external borrowing expected for FY27-FY28 capex, leveraging QIP proceeds (~INR1,600 crores) and working capital.
- →Focus on automation and AI to increase output without proportional workforce increase.
💰 Fundraising & Capital Structure
Yes- →Currently, Diamond Power Infrastructure Limited has virtually zero debt on the books due to QIP proceeds and prudent financial management.
- →The company raised around INR1,640 crores through QIP recently, which has been used for capacity expansion, working capital, and clearing promoter unsecured loans.
- →Presently, the company is not utilizing its INR75 crores LC and INR5 crores CC bank limits due to sufficient funds from QIP.
- →The management does not expect any substantial new debt up to March 2028 unless they pursue new opportunities or additional plans.
- →They are exploring vendor financing and dealer financing to support operations and improve cash flow, not direct borrowing.
- →For equity, no explicit future fundraising plan was mentioned within the next few years; however, management remains open to organic or inorganic growth opportunities over the longer term.
📋 Order Book & Pipeline
Yes- →As of August 11, 2026, the order book stands at INR 3,688 crores (~$445 million), about twice last year’s revenue.
- →It covers 12 product lines with over INR 1,000 crores of fresh wins since April 2026.
- →Approximately INR 845 crores of the order book is scheduled for execution in the next year.
- →For the current year, expected order book to be delivered is around INR 2,800 crores.
- →New orders are being added at a pace of INR 275 to 325 crores per month.
- →In the last 6-7 days, orders worth INR 400 crores were secured.
- →Targeting at least INR 500 crores in export orders by year-end 2026.
- →Ambition to secure INR 750 crores data center sales in the current year, and INR 1,500 crores next year.
- →Large ongoing order examples include 1,370 km medium voltage cable order for Gujarat distribution and a high tension cable order from UP Electricity Board.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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Frequently Asked Questions
What were Diamond Power Infrastructure Ltd Q1 FY27 results?
Target revenue of INR4,300 to INR4,500 crores for FY27, with gradual quarter-on-quarter ramp-up, especially strong in Q3 and Q4 due to seasonality and project commissioning deadlines. Revenue is expected to grow from INR4,300-4,500 crores in FY27 to INR7,500 crores in FY28, with potential to reach INR14,000 crores in the coming years as capacity utilization increases.
What is Diamond Power Infrastructure Ltd share price analysis?
Diamond Power Infrastructure Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 114.8 with a market cap of ₹21,297 Cr. Investors should review the full earnings analysis for detailed insights.
Is Diamond Power Infrastructure Ltd planning capital expenditure?
Two aluminum corrugation lines approved to expand 66 kV and 132 kV cable capacity with minimal capex (~INR17 crores).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.