Results-Financial Year ended 31.03.2026
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Diamond Power Infrastructure Limited reported FY26 consolidated revenue of Rs. 1,91,010 lakh, up 71% from Rs. 1,11,539 lakh in FY25. Net profit surged to Rs. 15,817 lakh from Rs. 3,450 lakh (358% growth), with EPS at Rs. 3.00 vs Rs. 0.65 prior year. However, auditors issued a Qualified Opinion due to unresolved Fixed Asset Register issues since the new management takeover in FY22-23 - physical verification and value-in-use determination remain incomplete, with depreciation provided at only 20% of applicable rates on pre-NCLT assets. The company has negative net worth of Rs. 60,420 lakh and negative operating cash flow of Rs. 8,043 lakh. CFO Samir Naik resigned for personal reasons and has been replaced by Deputy CFO Pawan Lohiya. The company has been discharged from CBI/ED criminal matters, which may help unlock Rs. 97,805 lakh in pre-NCLT receivables.
Strong top-line and bottom-line growth masks significant auditor concerns about asset valuations and negative cash flows. The qualified opinion and unresolved asset verification issues could keep institutional investors cautious despite improved profitability.