Diamond Power Infrastructure Limited — Q1FY27 earnings call summary

Filed 14 August 2026 · Company audio recording

New LV cable facility (42,000 km capacity, ₹130 crore capex) to commission by March FY28, targeting copper LV cables for data centers.
Despite raw material price volatility (aluminum and copper), EBITDA margin expanded 200 bps to 12.3% in Q1 FY27 due to operating leverage.
Contracts have metal price pass-through with lag; gross margin headwinds expected to ease as utilization and mix improve.
Operating costs reduced to 6.5% of sales, with internal target to reach 6%, supporting margin sustainability.
FY27 revenue guidance at ₹4,300-4,500 crore, driven by seasonality, ramp-up in utilization, and strong ₹3,688 crore order book (₹2,800 crore executable this year).
FY28 revenue target set at ₹7,500 crore with capacity utilization expected to reach ~60% for cables and conductors.
Export order book target of ₹500 crore for FY27, focusing on US and Europe markets.
EBITDA margin guidance maintained at 11-13%, with margin expansion expected from higher mix of medium & extra high voltage (MV & EHV) cables.