Outcome of Board Meeting-26.05.2026
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Diamond Power Infrastructure Limited reported strong FY2026 results with consolidated revenue from operations at Rs 1,91,010.22 lakh (up 71% YoY from Rs 1,11,539.25 lakh) and net profit at Rs 15,816.93 lakh (up 359% YoY from Rs 3,449.77 lakh). EPS improved to Rs 3.00 from Rs 0.65. However, both standalone and consolidated auditor reports carry a Qualified Opinion due to incomplete Fixed Asset Register maintenance and unresolved depreciation calculations (still at 20% on pre-NCLT assets). This qualification has persisted since FY 22-23 post NCLT takeover. The company also disclosed discharge from CBI/ED/PLMA criminal matters. CFO Mr. Samir Naik resigned for personal reasons and Mr. Pawan Lohiya (previously Deputy CFO) appointed as new CFO. Additional provision of Rs 321.16 lakh made for gratuity and Rs 19.88 lakh for leave liability under new labour codes.
Strong revenue and profit growth demonstrates operational recovery, but the persistent qualified audit opinion and negative net worth of Rs 60,420.36 lakh raise material concerns about asset valuations and going concern status that investors should monitor closely.