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Diamond Power reports 29% rise in Q2 consolidated net profit

11 Oct 2014 Evaluate

Diamond Power Infrastructure has reported results for second quarter ended September 30, 2014.

On the consolidated basis, the company’s net profit surged 29.23% to Rs 40.32 crore for the Q2 FY15 as compared to Rs 31.20 crore in Q2 FY14. Moreover, the total income from operation gained around 34.51% to Rs 895.58 crore in the quarter under review as compared to Rs 665.79 crore in the corresponding quarter previous year.

Diamond Power Infrastructure is engaged in five business verticals--cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects-- where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.

Peers
Company Name CMP
Polycab India 8439.00
KEI Industries 4718.00
RR Kabel Ltd. 2470.00
Finolex Cables 1455.50
Precision Wire India 498.60
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