Shares of this small-cap company, providing business of manufacturing of Transmission & distribution of power products & services up 3 percent to Rs.3,9255 per share, following the announcement of a board meeting to finalize plans for issuing bonus shares.
Price Variation
In Monday’s session, Diamond Power Infrastructure Limited’s share price jumped 2.6 percent to a day’s high of Rs.1,478.80 per share, from the previous close of Rs.1,439.95 apiece, the stock has a 52W high price of Rs. 1,935.80 per share. It has delivered returns of over 1,457 percent return in the past year.
What happened
Diamond Power Infrastructure Ltd has released a report on a stock split for a 1:10 ratio (For the face value of Rs. 10 currently it will be split into 10 shares with a face value of Rs. 1 each). The ex-date for this event is set on Tuesday, 3rd December 2024.
Financial Performance
Looking at the company’s financials, Diamond Power Infrastructure reported a revenue of Rs.250.30 crore for Q2 FY25, marking a 235 percent increase from Rs.74.55 crore in the same quarter last year. However, Profit After Tax (PAT) rose by 68 percent to Rs.3.97 crore, up from Rs.2.36 crore in the previous year’s quarter.
Products and services
Diamond Power Infrastructure Limited offers a diverse range of products and services primarily in the electrical equipment sector. Their key offerings include Conductors related to overhead and underground conductors for power transmission, Transformers related to manufacturing of power and distribution transformers tailored to different voltage requirements, Switchgear related to providing medium and low voltage switchgear solutions for safe electrical distribution, Cables related to a wide array of cables for various applications, including power and control cables and EPC Services (Engineering, procurement, and construction) for power projects.
Segmental Revenue
The company recognises the revenue segment from a single source which is manufacturing cables and conductors as of the September 2024 quarter.
Shareholding Pattern
As of September 2024, the shareholding pattern includes promoters holding a major share of 90.58 percent stake in Diamond Power Infrastructure, Foreign Institutional Investors (FII) holding around 0.03 percent, Domestic Institutional investors (DII) standing at 0.01 percent, and public holdings standing at 31.55 percent.
Company Profile
Diamond Power Infrastructure Limited is an Indian company specializing in the manufacturing and supply of electrical equipment. Their business model focuses on providing a range of products, including conductors, transformers, and switchgear, catering to the power sector’s needs.
The company focuses on innovation and quality, ensuring efficient energy solutions for utility, industrial, and infrastructure projects. By leveraging these technologies and sustainable practices, Diamond Power aims to improve operational efficiency and support the growing demand for reliable power infrastructure in India. The company has an installed capacity of 2,50,000 MT
Written by – Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
