Diamond Power profit quadruples. CFO exits in the same filing.
FY26 revenue jumped 74% and net profit surged more than fourfold. The company replaced its whole-time CFO and director within the same announcement.
— 3 earlier stories on Diamond Power Infrastructure Ltd. →What's new
- FY26 standalone revenue rose 74% to ₹1,944 cr; net profit quadrupled to ₹147.6 cr.
- CFO and whole-time director Samir Naik resigned for personal reasons, effective May 25.
- Deputy CFO Pawan Lohiya was appointed his replacement immediately.
Why this matters
The results show a company riding a strong demand cycle for power cables. The leadership change is the more intriguing element. A CFO and whole-time director departing in the same filing as a record profit print demands scrutiny. The reason given is 'personal reasons'.
What we're watching
- Any further management commentary on the sustainability of the demand surge.
- Whether Naik's exit signals deeper strategic or governance shifts.
- The new CFO's first set of quarterly results and capital-allocation priorities.
The full read
Diamond Power Infrastructure closed a blockbuster year. Standalone revenue for FY26 surged 74% to ₹1,944 crore, and net profit jumped more than fourfold to ₹147.6 crore from ₹34.7 crore in FY25. The company points to strong cable and conductor demand. Q4 revenue came in at ₹714.6 crore with net profit of ₹57.2 crore, indicating the momentum held through the year. But buried in the same filing is a leadership shake-up. CFO and whole-time director Samir Naik has resigned for personal reasons, effective May 25. Deputy CFO Pawan Lohiya took over immediately. The departure was previously flagged, but its pairing with record earnings is notable. A whole-time director exiting at the peak of a demand cycle is worth watching. The numbers are clean. The timing of the exit is not.
Questions answered
- What drove the sharp profit jump in FY26?
- The company cites strong demand for cables and conductors. Revenue grew 74% to ₹1,944 crore, which translated to a more than fourfold increase in net profit to ₹147.6 crore.
- Why did the CFO resign?
- Samir Naik resigned citing personal reasons. His departure as both CFO and whole-time director was accepted by the board on May 25, the same day the strong results were approved.
- What were Q4's specific numbers?
- The fourth quarter contributed ₹714.6 crore in revenue and ₹57.2 crore in net profit. This indicates the strong performance was sustained through the final three months of the fiscal year.
- Was the CFO's departure disclosed earlier?
- Yes, the analyst rationale notes the details of Naik's resignation and Lohiya's appointment were 'already disclosed in a prior filing'. The earnings release formalized the change alongside the financials.
Story so far
All notes on DIACABS →- 26 May 2026 · 2:47 PM IST Diamond Power profit quadruples. CFO exits in the same filing.
- today Diamond Power adds 150 km of monthly cable capacity for ₹30 cr
- 8d ago Diamond Power's profit surges 355% in FY26 on power-infrastructure demand
- 8d ago Diamond Power profit surges 4x on cable demand, but CFO exits