Diamond Power Infrastructure Announces CFO Change and Shares Financial Results for FY 2025-26
Diamond Power Infrastructure Limited announced significant corporate governance updates and released its audited financial results for the quarter and financial year ended March 31, 2026. The company also provided details regarding the ongoing audit qualification related to its fixed assets.Key Management Changes
The Board of Directors accepted the resignation of Mr. Samir Naik, Chief Financial Officer and Whole-time Director, effective May 25, 2026, citing personal reasons.The Board subsequently approved the appointment of Mr. Pawan Lohiya as the Chief Financial Officer of the Company, effective May 26, 2026. Mr. Lohiya, a Qualified Chartered Accountant, succeeds Mr. Naik and previously served as the Deputy CFO for the last two years.
Financial Results Review
The Board of Directors approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ending March 31, 2026, as recommended by the Audit Committee.The audited financials for the Standalone and Consolidated results for the period ending March 31, 2026, are presented below.
Consolidated Statement of Financial Results (in Lakh)
| Particulars | Quarter Ended 31.03.2026 | Quarter Ended 31.12.2025 | Quarter Ended 31.03.2025 | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|---|---|---|
| Total Income | 70,291.06 | 47,471.89 | 33,404.49 | 1,91,809.83 | 1,11,594.82 |
| Total Expenses | 64,071.07 | 42,392.13 | 32,639.88 | 1,75,616.08 | 1,08,153.62 |
| Net Profit/(Loss) | 6,061.48 | 4,971.96 | 766.40 | 15,816.93 | 3,449.77 |
| Total Comprehensive Income | 6,067.37 | 4,965.19 | 768.02 | 15,816.04 | 3,451.39 |
Standalone Statement of Financial Results (in Lakh)
| Particulars | Quarter Ended 31.03.2026 | Quarter Ended 31.12.2025 | Quarter Ended 31.03.2025 | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|---|---|---|
| Total Income | 72,054.90 | 48,114.43 | 33,409.79 | 1,95,100.05 | 1,11,607.31 |
| Total Expenses | 66,340.93 | 43,532.29 | 32,636.20 | 1,80,372.35 | 1,08,142.37 |
| Net Profit/(Loss) | 5,720.88 | 4,600.39 | 775.38 | 14,757.36 | 3,473.51 |
Audit Qualification on Fixed Assets
The independent audit report issued by Naresh & Co. qualified the financial results, citing ongoing complexities related to fixed assets.The qualified opinion pertains to the updation and reconciliation of the Property, Plant & Equipment (PPE) Register and Capital Work-in-Progress (CWIP). The process, which was allotted to an Independent Agency, has completed primary Physical Verification and preliminary value allocation of costs and accumulated depreciation based on data available up to March 31, 2024. However, determining the final value-in-use and estimated remaining useful lives of the PPE items is still under process.
The depreciation charge for the year amounted to Rs. 2,922.33 lacs. This figure included depreciation of Rs. 1,903.69 on pre-NCLT PPE (calculated at 20%) and Rs. 1,018.64 lacs on new additions made post takeover by the new management at regular rates.
Corporate Milestone and Liquidity Boost
On a separate note, the Company reported a major milestone: it has been discharged from CBI/ED/PLMA matters from criminal consequences. This development is expected to benefit the Company by facilitating suitable working capital borrowings from lenders and enhancing recoveries against Pre-NCLT Receivables amounting to Rs. 97,804.65 lacs.DIACABS Stock Price Movement
Shares of Diamond Power Infrastructure Limited are gaining momentum in live trading, edging up 1.99% as of 2:57 PM to trade at ₹200.5. The equity surged to hit its 52-week high of ₹204.8, with over 7.71 million shares traded in the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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