In , Diamond Power Infrastructure Ltd (Cables - Power) is outperforming Nifty 500 with +40.3% relative strength. Fundamentals: Average. On a 4-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Apr 19, 2026
What: EHV Sales Volume: Substantial
Impact: Margin expansion to 23.3%
“Capitalized on market demand with the successful introduction of EHV (Extra High Voltage) Cables, driving substantial new sales volume.”
What: EBITDA Margin: 14.7%
Impact: 52% QoQ EBITDA growth
“EBITDA rose 52% QoQ & 335% YoY. Executed a rigorous Cost Optimisation Programme resulting in tangible savings”
What: ECHO Conductor Order: 550 KM
Impact: Immediate revenue visibility
“550 KM ORDER SECURED | MARQUEE INDIAN BUYER | IMMEDIATE REVENUE VISIBILITY”
What: Retail Sales Growth: 100% QoQ
Impact: Not Given
“100% Growth in Retail Sales (QoQ). DICABS is actively developing a pan-India network of dealers and distributors”
What: Export Focus: Strategic Priority
Impact: Not Given
“Focus on Higher Voltages, Retail, Exports, Customer base & Niche Products”
What: EBITDA growth of 335% YoY
“EBITDA rose 52% QoQ & 335% YoY. Executed a rigorous Cost Optimisation Programme resulting in tangible savings”
What: Double digits → Higher double digits
“REVENUE To grow in Higher double digits for next few years to meet the global & Domestic demand.”
Earnings deceleration risks from management commentary
Trigger: Raw material costs are a major component of COGS (76.7% in Q3).
Impact: PAT impact: Not Given
Management view: Enforced Price Variation Clauses driven by metal index and secured low rates through firm contracts.
Monitor: commodity
Key quotes from recent conference calls
“REVENUE To grow in double digits for next few years to meet the domestic and global demand. [Previous Revenue Growth guidance]”
“MARKET SHARE To attain the double-digit market share in all our product categories. [Previous Market Share guidance]”
“Entire procurement process from Floating of enquiry to Auction and release of Purchase Order etc. completely online. [Initiative: Digital Transformation of Procurement]”
“Premium Product = Margin Expansion Potential. 550 KM ORDER SECURED | MARQUEE INDIAN BUYER | IMMEDIATE REVENUE VISIBILITY [Initiative: ECHO Conductors Launch]”
Headline numbers from the latest earnings call
Revenue
₹47,408 Lakhs
Why: Growth was driven by the successful introduction of Extra High Voltage (EHV) cables and a 100% QoQ increase in retail sales.
Revenue growth was supported by both new product categories and a significant ramp-up in the retail segment.
EBITDA
₹6,976 Lakhs
Why: EBITDA rose 52% QoQ due to internal cost optimization in raw material consumption, packaging, and logistics.
Margins improved significantly from 10.5% in Q2 to 14.7% in Q3 due to operational efficiencies.
PAT
₹4,972 Lakhs
Why: PAT growth was fueled by higher margins from value-added products and reduced input costs through strategic sourcing.
The bottom line benefited from a combination of volume growth and effective margin management.
Other Highlights
• Retail sales grew 100% QoQ following the introduction of the URJA brand.
• Gross margin expanded to 23.3% in Q3 FY26 from 18.7% in Q2 FY26.
• 9M FY26 Revenue reached ₹1,21,424 Lakhs, a 55% YoY increase.
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Revenue from Operations
₹47,408 Lakhs
Why: Driven by EHV cable sales and 100% growth in retail sales.
EBITDA Margin
14.7%
Why: Improved due to cost optimization in RM consumption and logistics.
Gross Margin
23.3%
Why: Shift towards value-added products like EHV cables and ECHO conductors.
Retail Sales Growth (QoQ)
100%
Why: Successful introduction of the URJA brand and dealer network expansion.
COGS as % of Revenue
76.7%
Why: Strategic sourcing of polymers and steel at low rates.
LV Cables Capacity
34,300 KMPA
EHV Cables Capacity (220KV+)
2000 KMPA
Conductor Installed Capacity
2,50,000 MT
Target Customer Base
2000
Why: Strategic goal to expand market reach over two years.
ECHO Conductor Order Secured
550 KM
Why: Market validation of breakthrough grid technology.
Forward-looking targets from management for Next few years
Higher double digits
Increase customer base from 275 to 2000 in Two years
Guidance Changes
Revenue Growth Target: Double digits → Higher double digits
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +54% | -7% | Stable |
| PAT (Net Profit) | +733% | +80% | Inflection Up |
| OPM | 15.0% | +1000 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 19, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Diamond Power Infrastructure Ltd's latest quarterly results (Dec 2025) show
Diamond Power Infrastructure Ltd's profit is growing with an turning around (inflection up) trend.
Diamond Power Infrastructure Ltd's revenue growth trend is stable.
Diamond Power Infrastructure Ltd's operating margin is volatile.
Diamond Power Infrastructure Ltd's long-term compounding rates
Diamond Power Infrastructure Ltd's earnings growth is turning around (inflection up) with positive momentum on a sequential basis.
Diamond Power Infrastructure Ltd's trailing twelve month (TTM) performance
Diamond Power Infrastructure Ltd appears significantly overvalued based on our fair value analysis.
Diamond Power Infrastructure Ltd's current PE ratio is 86.6x.
Diamond Power Infrastructure Ltd's current PE is 86.6x.
Diamond Power Infrastructure Ltd is rated Average with a fundamental score of 52.09/100. This score is calculated from objective financial metrics
Diamond Power Infrastructure Ltd has a debt-to-equity ratio of N/A.
Diamond Power Infrastructure Ltd's return ratios over recent years
Diamond Power Infrastructure Ltd's operating cash flow is positive (FY2025).
Diamond Power Infrastructure Ltd currently does not pay a significant dividend (yield 0.00%).
Diamond Power Infrastructure Ltd's shareholding pattern (Mar 2026)
Diamond Power Infrastructure Ltd's promoter holding has remained stable recently.
Diamond Power Infrastructure Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.
Diamond Power Infrastructure Ltd is an established outperformer with 4 weeks of consecutive Nifty 500 outperformance.
Diamond Power Infrastructure Ltd has 7 key growth catalysts identified from recent earnings analysis
Diamond Power Infrastructure Ltd has 1 key risk worth monitoring
In Q3 FY26, Diamond Power Infrastructure Ltd's management highlighted
Diamond Power Infrastructure Ltd's management has provided the following forward guidance for Next few years
Diamond Power Infrastructure Ltd's most important sub-sector-specific KPIs from the latest concall
Based on quantitative research signals, here is why Diamond Power Infrastructure Ltd may be worth studying
Diamond Power Infrastructure Ltd investment thesis summary:
Diamond Power Infrastructure Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
