Diamond Power Infrastructure Ltd Reports Robust Q1 Profit Growth

Diamond Power Infrastructure Ltd posted a net profit of Rs 16.55 crore for the June 2024 quarter, primarily due to higher income. This is a significant increase from the Rs 5.51 crore profit reported during the same period last year. Total income for the company surged to Rs 223.90 crore.

Diamond Power Infrastructure Ltd on Thursday reported a net profit of Rs 16.55 crore during the June 2024 quarter, mainly on increased income.

It had clocked a net profit of Rs 5.51 crore during the April-June period of the preceding 2023-24 fiscal, the company said in a regulatory filing.

The company's total income jumped to Rs 223.90 crore from Rs 74.51 crore in the year-ago period.

During the period under review, expenses surged to Rs 207.28 crore from Rs 68.99 crore a year ago.

(With inputs from agencies.)