News ArticleDiamond Power Infrastructure Posts ₹1,032 Crore Revenue with Data Centre Cables Driving Growth in Q2 FY27
Company reports EBITDA of ₹133 crore and PAT of ₹108 crore amid a strong order book of ₹4,829 crore
Diamond Power Infrastructure announced a 135% year-on-year revenue increase to ₹1,032 crore for Q2 FY27, driven by high-voltage cables and a new data centre cables product line contributing ₹242 crore, representing 23% of quarterly revenue. The company also reported a 189% rise in EBITDA to ₹133 crore and a 3.9 times increase in PAT to ₹108 crore, supported by a live order book of ₹4,829 crore.
Diamond Power Infrastructure Limited
Investor Presentation
Diamond Power Infrastructure Limited reported a 135% year-on-year revenue increase to ₹1,032 crore for the second quarter of fiscal year 2027, led by MV cables, 66 kV EHV cables, AL-59 conductors, and a new data centre cables product line contributing ₹242 crore, or 23% of revenue.
The company's EBITDA for Q2 FY27 rose by 189% to ₹133 crore, representing a margin of 12.9%. Profit after tax (PAT) increased by 3.9 times year-on-year to ₹108 crore, with a margin of 10.5%.
Data centre cables, a new and independent product line from the copper cable segment, accounted for ₹242 crore of revenue in Q2, making up 23% of total revenue, while cables overall contributed 40%.
The revenue breakdown for cables excluding data centre cables included 48% from 33 kV, 31% from 11 kV, 10% from 3.3 kV solar cables, and 8% from 66 kV EHV cables.
The live order book stood at ₹4,829 crore as of September 2026, with ₹1,094 crore already executed. This includes ₹974 crore worth of AL-59 Lapwing conductors for the HVDC programme and ₹485 crore basic orders for data centre cables.
The company also provided revenue guidance of ₹7,500 crore for FY27 and targets of ₹10,000 crore by FY29, reflecting expected growth in demand across its product lines.
Highlights
- Q2 FY27 revenue reached ₹1,032 crore, up 135% YoY
- EBITDA increased 189% YoY to ₹133 crore with 12.9% margin
- PAT grew 3.9 times to ₹108 crore, 10.5% margin in Q2 FY27
- Data centre cables contributed ₹242 crore, 23% of Q2 revenue
- Live order book totalled ₹4,829 crore with ₹1,094 crore executed
- AL-59 conductors orders for HVDC programme valued at ₹974 crore
Key Data Snapshot
What happened
- Diamond Power Infrastructure reported significant revenue growth of 135% year-on-year to ₹1,032 crore for Q2 FY27.
- EBITDA rose 189% to ₹133 crore and PAT increased nearly fourfold to ₹108 crore during the quarter.
- A new product line, data centre cables, contributed ₹242 crore, comprising 23% of Q2 revenue.
- Live order book remained strong at ₹4,829 crore with substantial order execution of ₹1,094 crore in Q2.
Key details
- Revenue mix includes cables (40%), data centre cables (23%), conductors (31%), and others (6%).
- Major cable revenues were from 33 kV (48%), 11 kV (31%), 3.3 kV solar (10%), and 66 kV EHV (8%) segments.
- AL-59 Lapwing conductors orders worth ₹974 crore are part of the HVDC programme.
- Data centre cables orders amount to ₹485 crore with major clients including L&T, AurionPro, Sterling & Wilson, and Blue Star EPC.
Order and execution details
- Total live orders stand at ₹4,829 crore, with ₹1,094 crore executed in Q2 FY27.
- All orders have price-variation clauses; current market prices estimated to increase outstanding order book valuation by about 15%.
- Data centre cable revenue executed ₹242 crore in Q2, part of ₹485 crore basic order book with a 28% price-variation clause.
Strategic context
- Data centre cables form an independent new product line separate from copper cables, showing diversification in product portfolio.
- Continuous order inflow outpaces revenue execution, indicating robust project pipeline and business expansion.
Highlights
- Q2 FY27 revenue reached ₹1,032 crore, up 135% YoY
- EBITDA increased 189% YoY to ₹133 crore with 12.9% margin
- PAT grew 3.9 times to ₹108 crore, 10.5% margin in Q2 FY27
- Data centre cables contributed ₹242 crore, 23% of Q2 revenue
- Live order book totalled ₹4,829 crore with ₹1,094 crore executed
- AL-59 conductors orders for HVDC programme valued at ₹974 crore
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Source Information
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