Diamond Power Infrastructure Limited has seen its shares skyrocket from ₹163 at the start of the year to ₹1,427.35 today, marking a staggering 750% increase. This remarkable rise underscores the company’s impressive performance and recent developments.
Stock Performance
– Year-to-Date (YTD): The stock price has surged from ₹163 to ₹1,427.35, representing a 750% increase.
The company announced its Q1 FY25 results earlier:
– Revenue: ₹224 crore, up 201% from ₹74 crore in Q1 FY24.
– Operating Profit: ₹24 crore, compared to ₹11 crore in Q1 FY24, with a margin of 11%.
– Net Profit: ₹17 crore, up over 180% from ₹6 crore in the previous year.
– FY24 Annual Performance: Revenue of ₹343 crore, operating profit of ₹43 crore, and a net profit of ₹17 crore.
Recent Financial Results
|
Financial Metric |
Q1 FY25 |
Q1 FY24 |
FY24 |
|
Revenue |
₹224 crore |
₹74 crore |
₹343 crore |
|
Operating Profit |
₹24 crore |
₹11 crore |
₹43 crore |
|
Operating Profit Margin |
11% |
– |
– |
|
Net Profit |
₹17 crore |
₹6 crore |
₹17 crore |
Major Contracts Secured
Diamond Power Infra has recently won significant orders:
– From Adani Energy Solutions Limited: A letter of intent for ₹899.75 crore, covering the supply of AL 59 Conductors, to be completed by April 2025.
– From Adani Green Energy Limited: Another letter of intent worth ₹409 crore for the supply of various LV/MV Cables, scheduled for completion by December 2024.
About the Company
Diamond Power Infrastructure Limited specializes in manufacturing and supplying transmission and distribution power products and services across India. Their product range includes:
– Conductors up to 765 kV
– Cables up to 550 kV
– Power and distribution transformers up to 220 kV
– Transmission towers
The company also offers EPC (Engineering, Procurement, and Construction) services. Most of their revenue comes from transmission and distribution power products and services.
