Cable stock jumps after receiving ₹113 Cr order from Bondada Engineering and Rajesh Power Services

Synopsis: Diamond Power Infrastructure Limited has received a work order from Rajesh Power Services Limited and Bondada Engineering Limited for the supply of power cables. Combined order is worth Rs. 113 Crores.

The shares of this cable stock is engaged in manufacturing conductors, cables and transmission towers, jumps upon receiving work orders from Bondada Engineering and Rajesh Power Services. 

With the market capitalisation of Rs. 7,378 Crores, the shares of Diamond Power Infrastructure is trading at around Rs. 140 per equity, which is 23 percent less from its 52-week high of Rs. 183 per share

What is the NEWS: 

Diamond power has recently received a work order worth Rs. 57.58 Crores from Rajesh Power Services Limited for the supply of power cable, which includes 11 KV XLPE aluminium armoured cables, manufactured as per UGVCL Robust 2.0 specifications. These cables are used in electricity distribution networks, which are priced on a kilometre rate basis with a price variation formula. This enables the company to adjust the final billing based on raw material prices. 

The company has also received a work order worth Rs. 55.54 Crores from Bondada Engineering Limited for the supply of power cables. Like the first order, this contract is also awarded on a kilometre basis with a price variation formula, offering protection against fluctuations in input costs. 

The collective work order of both the project sums to Rs. ~113 Crores where projects are scheduled to be executed from January 1, 2026 to July 31, 2026 strengthening the revenue visibility for FY26. 

Company Overview and Financial Highlights

Diamond Power is majorly engaged in the manufacturing business of conductor, cables and transmission towers which provides turnkey services in T&D, manufacture’s Power Cables upto 550KV, Power & Distribution Transformers upto 220KV, Transmission and Distribution Conductors upto 765KV and Transmission Towers. The company’s product portfolio includes EHV cables, medium voltage cables and AL 59 conductors. The company has commissioned 2 mills in march 2025 and has an outstanding order book of Rs. 2,555 Crores

Year-on-Year analysis: Its revenue from operations has increased from Rs. 250 Crores to Rs. 438 Crores, up 75.2 percent. Operating profit has increased from Rs. 13 Crores to Rs.46 Crores, up 254 percent and its net profit has increased from Rs. 4 Crores to 28 Crores, up 600 percent. 

Quarter on Quarter analysis : Its revenue from operations has increased from Rs. 302 Crores to Rs. 438 Crores, up 45 percent. Operating profit has increased from Rs. 13 Crores to Rs.46 Crores, up 253 percent and its net profit has increased from Rs. 20 Crores to 28 Crores, up 40 percent. 

Written By Vachan Kadli

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