Diamond Power rises 15% on strong growth in Q2 earnings

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Investors lapped up shares of Diamond Power Infrastructure on Monday after it reported stellar performance in the quarter ended September 2014. The stock rallied as much as 15 percent intraday.

The power transmission equipment manufacturer and turnkey services provider reported a 29.2 percent growth in second quarter net profit at Rs 40.3 crore led by higher revenue growth, lower raw material cost and other expenditures but impacted by higher depreciation and tax expenses. Profit in the year-ago period was Rs 31.2 crore.

Net sales shot up 34.5 percent to Rs 895.6 crore in the quarter ended September 2014 compared to Rs 665.8 crore in same quarter last year driven by power cables, transformer, conductors and towers businesses.

At 10:36 hours IST, the stock was quoting at Rs 129.60, up Rs 13.85, or 11.97 percent on the BSE.

Posted by Sunil Shankar Matkar