Diamond Power Infrastructure Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2016
November 15, 2016 at 03:53 am EST
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Diamond Power Infrastructure Ltd. reported unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2016. For the quarter, on standalone basis, net sales were INR 3,426.024 million against INR 3,963.997 million for the same period in the last year. Loss from operation before other income, interest and exceptional items was INR 1,442.388 million against profit from operation before other income, interest and exceptional items of INR 255.604 million for the same period in the last year. Loss from ordinary activities before tax was INR 2,086.140 million against profit from ordinary activities before tax of INR 8.557 million for the same period in the last year. Net loss for the period was INR 2,086.140 million or INR 31.87 per basic and diluted share against net profit for the period of INR 5.705 million or INR 0.11 per basic and diluted share for the same period in the last year.
For the quarter, on consolidated basis, net sales were INR 3,426.024 million against INR 5,072.711 million for the same period in the last year. Loss from operation before other income, interest and exceptional items was INR 1,442.535 million against profit from operation before other income, interest and exceptional items of INR 405.970 million for the same period in the last year. Loss from ordinary activities before tax was INR 2,086.293 million against profit from ordinary activities before tax of INR 138.428 million for the same period in the last year. Net loss for the period was INR 2,086.293 million or INR 32.02 per basic and diluted share against net profit for the period of INR 92.290 million or INR 1.71 per basic and diluted share for the same period in the last year.
Diamond Power Infrastructure Limited is an India-based integrated manufacturer of power transmission equipment. The Company is engaged in the manufacturing and sale of conductors, cables, and transmission towers. The Company operates in the Transmission and Distribution of Power (T&D) related business segment. It designs and manufactures a range of power transmission equipment that includes conductors, power cables (HV, LV, and UHV), and transmission towers. The Companyâs product portfolio includes power and control cables, MV and EHV cables, conductors, and transmission towers. Its conductor products include EC Grade Aluminum Wire Rods, Aluminum Alloy Wire Rods, All Aluminum Conductors (AAC), All Aluminum Alloy Conductors (AAAC), Aluminum Conductor Steel Reinforced (ACSR), Aluminum Alloy Conductor Steel Reinforced (AACSR), Aluminum Conductor Alloy Reinforced (ACAR), Stay Wire / Galvanized Steel Earth Wire, and others. Its subsidiary is Diamond Power Global Holdings Limited.