Diamond Power Infrastructure Delivers Strong Quarter, Names New CFO

Kalpana Kanungo - Mumbai Bureau May 26, 2026 1,000 Views

Diamond Power Infrastructure Ltd has appointed Pawan Lohiya as Chief Financial Officer, effective May 26, 2026, alongside a solid March-quarter performance. The company reported consolidated revenue from operations of 6.96 billion rupees and consolidated net profit of 606.1 million rupees. The twin developments underline both operational momentum and a renewed emphasis on financial stewardship and governance.

The announcement comes at a time when the power equipment and infrastructure segment is benefiting from robust capex in transmission, distribution and grid modernisation, supporting healthy order inflows and execution.

Leadership Change In Finance Function

The appointment of Pawan Lohiya as CFO signals a strategic strengthening of Diamond Power Infrastructure’s finance function. A focused CFO will be critical in managing capital allocation, working-capital intensity, debt profile and compliance in a project-heavy business. Investors will watch for his approach to balance sheet optimisation and margin protection as the company scales up.

Earnings Underscore Growth Momentum

With March-quarter consolidated revenue from operations at 6.96 billion rupees, the company is demonstrating strong execution across cables, conductors and power infrastructure solutions. A consolidated net profit of 606.1 million rupees points to improving operating leverage and disciplined cost control. Continued demand from utilities and infrastructure projects should support the growth runway, provided execution remains tight and receivables are well managed.

What Investors Should Track Next

From here, markets will focus on order book visibility, margin trajectory, cash flows and leverage levels. Any commentary on government and state utility spending, payment cycles and project mix will be important for assessing earnings quality. The interplay between growth, capital discipline and governance under the new CFO will largely shape the medium-term equity story.