Diamond Power Infrastructure Ltd

Net profit of Diamond Power Infrastructure declined 46.88% to Rs 7.66 crore in the quarter ended March 2025 as against Rs 14.42 crore during the previous quarter ended March 2024. Sales rose 148.35% to Rs 333.81 crore in the quarter ended March 2025 as against Rs 134.41 crore during the previous quarter ended March 2024. For the full year,net profit rose 102.58% to Rs 34.50 crore in the year ended March 2025 as against Rs 17.03 crore during the previous year ended March 2024. Sales rose 224.84% to Rs 1115.39 crore in the year ended March 2025 as against Rs 343.37 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales333.81134.41 148 1115.39343.37 225 OPM %4.1213.38 -5.9912.44 - PBDT13.1317.39 -24 54.6936.77 49 PBT7.6511.99 -36 34.4117.20 100 NP7.6614.42 -47 34.5017.03 103 Powered by Capital Market - Live

Diamond Power Infrastructure has revised the meeting of the Board of Directors which was scheduled to be held on 27 May 2025. The meeting will now be held on 30 May 2025.Powered by Capital Market - Live

Diamond Power Infrastructure will hold a meeting of the Board of Directors of the Company on 27 May 2025.Powered by Capital Market - Live

Diamond Power Infrastructure has received a letter of intent from Adani Electricity Mumbai worth Rs 71,46,41,200/- basic value for supply of LT Cables. Powered by Capital Market - Live

The company received letters of intent from Rajesh Power Services for a project under Dakshin Gujarat Vij Company, worth Rs 150.99 crore, and from Adani Electricity Mumbai Limited, worth Rs 79.28 crore, for the supply of power cables. The company stated that none of the promoters or promoter group companies had any interest in the entities that awarded the orders. Diamond Power Infrastructure (DPIL) was one of the oldest cable and conductor manufacturers in India and one of the fastest-growing FMEG companies. DPIL had been acquired through the NCLT process by the GSEC-Monarch Group. The company reported a net profit of Rs 6.42 crore in the quarter ended December 2024, compared to a net loss of Rs 5.28 crore in the quarter ended December 2023. Sales rose 412.71% to Rs 307.42 crore in Q3 FY25 from Rs 59.96 crore in Q3 FY24.Powered by Capital Market - Live

Diamond Power Infrastructure has received a letter of intent from Adani Green Energy worth Rs. 214,65,28,200/- for supply of Conductors for Khavda Power Project, Gujarat. Powered by Capital Market - Live

The key equity indices traded with major gains in mid-afternoon trade driven by foreign capital inflows and bargain buying, which boosted investor sentiment. The Nifty traded above the 23,700 level. IT shares extended gains for third consecutive trading sessions. At 14:26 IST, the barometer index, the S&P BSE Sensex, soared 1,180.08 points or 1.53% to 78,085.50. The Nifty 50 index rallied 350.75 points or 1.50% to 23,701.15. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 1.67% and the S&P BSE Small-Cap index gained 1.53%. The market breadth was strong. On the BSE, 2,699 shares rose and 1,373 shares fell. A total of 188 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 7.63% to 13.54. Economy: India's private sector economy ended the 2024/25 fiscal year on a strong footing, sustaining robust expansions in new business intakes and output, according to preliminary HSBC flash PMI data. Although the rates of growth softened from February, they remained well above their respective long-run averages. Outstanding business volumes continued to rise, supporting another round of job creation, while price trends were mixed. The HSBC Flash India Composite Output Index marginally decreased from February's final reading of 58.8 to 58.6 in March. The latest figure was still above its long-run average of 54.7, indicating a sharp rate of expansion. The HSBC Flash India Manufacturing PMI increased from 56.3 in February to 57.6 in March, signaling a notable improvement in operating conditions that was broadly aligned with the average for the 2024/25 fiscal year. The HSBC Flash India Services PMI Business Activity Index dropped to 57.7 in March, down from the 59.0 in February. Pranjul Bhandari, Chief India Economist at HSBC, said, India's manufacturing sector expanded at a faster pace in March, according to the flash PMI. The output index rose to its highest level since July 2024. Yet the margin squeeze on manufacturers intensified as input price inflation ticked up, while factory gate prices rose at the weakest rate in a year. The moderation in new export orders growth was also noteworthy amid tariff announcements. Buzzing Index: The Nifty IT index jumped 1.99% to 37,432.75. The Index increased 3.34% in the three consecutive trading sessions. Tech Mahindra (up 3.54%), Persistent Systems (up 3.21%), Mphasis (up 2.81%), Wipro (up 2.14%) and HCL Technologies (up 2.13%), LTIMindtree (up 2.05%), Tata Consultancy Services (up 1.73%), Coforge (up 1.23%) and Infosys (up 0.41%) advanced. Stocks in Spotlight: Diamond Power Infrastructure was locked in 5% upper circuit after the company announced that it has received a letter of intent (LoI) from Adani Green Energy for a project worth Rs 214.65 crore. Salasar Techno Engineering surged 20% after the company announced that its board will meet on 26 March 2025, to consider the proposed amalgamation of EMC, its wholly owned subsidiary, with the company. Sammaan Capital advanced 1.14% after the company announced that its board has approved the proposed issuance of foreign currency denominated bonds.Powered by Capital Market - Live

The contract is for supplying Conductors for Adani Green's Khavda Power Project, which is located in the state of Gujarat. Diamond Power Infrastructure (DPIL) is one of the oldest cables and conductors manufacturers in India and one of the fastest growing FMEG companies. DPIL was acquired through the NCLT process by GSEC-Monarch Group. The company had reported a net profit of Rs 6.42 crore in the quarter ended December 2024 as against net loss of Rs 5.28 crore during the previous quarter ended December 2023. Sales rose 412.71% to Rs 307.42 crore in Q3 FY25 from Rs 59.96 crore in Q3 FY24. Powered by Capital Market - Live

The order, awarded on a kilometer-rate basis using the PV Formula, will involve the supply of AL-59 conductors for multiple high-voltage transmission line projects, covering a total of 3,569 kilometers as per GETCO Technical Specifications. The projects are expected to be completed in phases, with timelines ranging from May 2025 to November 2025. Key transmission projects under this contract include: 400kV Double Circuit (D/C) Chorania-Kosamba and Fedra-Sanand transmission line, spanning 347 km, is valued at Rs 17.19 crore. The project will use twin AL-59 (61/3.50) conductors and OPGW cable and will be executed on a turnkey basis. The 400kV Double Circuit (D/C) Sanand-Soja line, covering 73 km, is valued at Rs 47.22 crore. The project will utilize twin AL-59 (61/3.50) conductors and OPGW cables, and will be executed on a turnkey basis. The 400kV Double Circuit (D/C) Veloda-Prantij line, covering 39.5 km, is valued at Rs 23.63 crore. The project will use twin AL-59 (61/3.50) conductors and will be executed on a turnkey basis. The total route length for the project is 477 km. The 400kV Double Circuit (D/C) Kalawad-Saurashtra line, which includes a 765kV section covering 968 km, is valued at Rs 48.74 crore. The project will utilize twin AL-59 (61/3.50) conductors and OPGW cables and will be executed on a turnkey basis. Additionally, the scope of work includes the AP-125 to the 765kV Saurashtra gantry. The 400kV Double Circuit (D/C) Saykha-Jhanor line, covering 34 km, is valued at Rs 20.20 crore. The project will feature twin AL-59 (61/3.50) conductors along with Earth Wire/OPGW cables, and will be executed on a turnkey basis. The 220kV Double Circuit (D/C) Maglana-Pachham line, spanning 80 km, is valued at Rs 23.16 crore. The project will utilize AL-59 (61/3.50) conductors and OPGW cables, and will be executed on a turnkey basis under the GEC-II scheme. Diamond Power Infrastructure is engaged in the manufacturing of cables and conductors. The company reported a consolidated net profit of Rs 6.27 crore in Q3 FY25 as against a net loss of Rs 3.79 crore recorded in Q3 FY24. Revenue from operations soared 412.7% YoY to Rs 307.42 crore posted in the quarter ended 31 December 2024. Powered by Capital Market - Live

Diamond Power Infrastructure has received a letter of intent from Associated Power Structures worth Rs. 175.17 crore for supply of AL-59 Conductor as per GETCO Technical Specification.Powered by Capital Market - Live