70,000 Multibagger Return in Just 1 Year: This Power Infra Stock Hits Upper Circuit; Q1 FY25 Revenue Soars 200 per cent and PAT Jumps 180 per cent!
The company’s shares have delivered a multibagger return of around 1,49,300 per cent in the past 3 years.
Diamond Power Infrastructure Limited specializes in the manufacturing of transmission and distribution power products and services within India. The company's product range includes conductors up to 765 kV, cables up to 550 kV, power and distribution transformers up to 220 kV, and transmission towers. Additionally, Diamond Power offers EPC (Engineering, Procurement, and Construction) services. Nearly all of the company's revenue is derived from its transmission and distribution of power products and services.
At the start of the day's trading session, the share of Diamond Power Infrastructure Limited opened at Rs 1358 per share, compared to the previous day's closing figure of Rs 1294.60 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1359.30 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 7163.12 crore, and the stock has generated an impressive multibagger return of around 142984 per cent in just 3 years.
The company announced its Q1 FY25 recently, as per the Quarterly Results, in Q1 FY25, Diamond Power Infrastructure Limited recorded a revenue of Rs 224 crore representing a gain of around 201 per cent compared to Rs 74 crore in Q1 FY24. The operating profit for Q1 FY25 stood at Rs 24 crore compared to Rs 11 crore representing an operating profit margin of 11 per cent. The net profit for Q1 FY25 was Rs 17 crore compared to Rs 6 crore representing a gain of over 180 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 343 crore in FY24. The operating profit for FY24 was Rs 43 crore with a net profit of Rs 17 crore.
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According to the shareholding pattern of Diamond Power Infrastructure Limited, promoters own a 90 per cent stake, while public investors hold 9.93 per cent. Foreign Institutional Investors (FIIs) hold a 0.08 per cent stake.
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Disclaimer: The article is for informational purposes only and not investment advice.