Diamond Power Q1FY11 net sales up 124.64% at Rs 381.61 cr

Diamond Power Infrastructure Limited (DPIL), the most diversified power transmission and distribution player in the country, has posted a 124.64  per cent rise in net sales at Rs 381.61 crore for the quarter-ended June 2010 compared to Rs 169.87 crore in the corresponding quarter last year. During the quarter, the contribution from EPC business stood at 31%, conductors 29%, cables 28% and transformer business at 12%. 

Net Profit during the quarter grew by 123.95 per cent to Rs 31.22 crore compared to Rs 13.94 crore in the corresponding quarter-ended June 2009. EBITDA during the quarter under review increased by 115.82 per cent to Rs 54.90 crore compared to Rs 25.94 crore in the corresponding quarter last year.

Outstanding orders at the end of the quarter stood at Rs 1,450 crore. During the quarter, the company received orders worth Rs. 946 crore from various agencies like Gujarat Urja Vikas Nigam, MSEDCL, HVPNL, PSEB, Areva T&D and Larsen and Toubro Ltd

Recently, the company raised Rs 114 crore through the issue of 55.9 lakh shares at a price of Rs. 203.80 per Equity Share.

On an equity capital of Rs 28.06 crore, the Earning Per Share (fully diluted) stood at Rs 11.13.

About Diamond Power Infrastructure Ltd (BSE code: 522163)
Diamond Power Infrastructure (DPIL) is an integrated turnkey player with strong presence in cables and transformers. It manufactures a complete range of products to cater the Power transmission & distribution sector. Its product range includes EC grade Aluminium wire Rods, Aluminium Alloy Rods, Aluminium Conductors Steel Reinforced (ACSR) and All Aluminium Alloy Conductors (AAAC), Specialty Cables, LT Electrical Power Cables, Control & Instrumentation Cables and are sold under ‘DICABS’ brand. With its product profile, the company has an in-house control over 80% of average cost of an EPC project.