Net sales jumped 34.5 percent to Rs 895.6 crore in the quarter ended September 2014 compared to Rs 665.8 crore in same quarter last year driven by power cables, transformer, conductors and towers businesses.
Diamond Power Infrastructure , the manufacturer of power transmission equipment and turnkey services provider (EPC), has reported a 29.2 percent growth in second quarter (July-September) net profit at Rs 40.3 crore led by higher revenue growth, lower raw material cost and other expenditures but impacted by higher depreciation and tax expenses. Profit in the year-ago period was Rs 31.2 crore.
Net sales jumped 34.5 percent to Rs 895.6 crore in the quarter ended September 2014 compared to Rs 665.8 crore in same quarter last year driven by power cables, transformer, conductors and towers businesses.
Raw material cost declined to Rs 595.5 crore from Rs 720.4 crore while depreciation jumped to Rs 15.7 crore from Rs 6.8 crore. Interest cost climbed to Rs 29.26 crore from Rs 26.7 crore and tax expenses increased to Rs 10.62 crore from Rs 8 crore on year-on-year basis.
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Diamond Power Q2 net up 29% to Rs 40.3 cr on sales growth
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