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The sales slipped to Rs. 1050.34 millions, down -58.33% for the December 2017 quarter as against Rs. 2520.89 millions during the year-ago period.The Net Loss for the quarter ended December 2017 is Rs. -297.02 millions as compared to Net Loss of Rs. -1898.87 millions of corresponding quarter ended December 2016 Operating profit Margin for the quarter ended December 2017 improved to -49.81% as compared to -2270.84% of corresponding quarter ended December 2016 (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 1050.34 2520.89 -58.33 5054.06 9568.69 -47.18 11528.63 20824.05 -44.64 Other Income 72.89 2.08 3404.33 100.50 94.97 5.82 105.25 74.02 42.19 PBIDT -49.81 -2270.84 -97.81 -302.76 -3407.89 -91.12 -6438.44 -419.19 1435.92 Interest 8.25 333.75 -97.53 33.34 1618.26 -97.94 1840.25 1845.96 -0.31 PBDT -58.06 -1669.93 -96.52 -336.10 -4091.49 -91.79 -7139.02 -2265.15 215.17 Depreciation 238.96 228.94 4.38 716.88 686.82 4.38 939.46 574.61 63.50 PBT -297.02 -1898.87 -84.36 -1052.98 -4778.31 -77.96 -8078.49 -2839.76 184.48 TAX 0.00 0.00 0.00 0.00 0.00 0.00 -131.21 -146.20 -10.25 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -146.20 0.00 PAT -297.02 -1898.87 -84.36 -1052.98 -4778.31 -77.96 -7947.28 -2693.56 195.05 Equity 2697.11 690.26 290.74 2697.11 690.26 290.74 2697.11 570.01 373.17 PBIDTM(%) -4.74 -90.08 -94.74 -5.99 -35.62 -83.18 -55.85 -2.01 2674.34
Diamond Power Infrastructure has informed that the Board Meeting of the Directors of the Company will scheduled to be held on March 04, 2017 to discuss and approve Appointment of Surinder Kumar Negi as a Professional Managing Director of the Company. Further, in accordance with the Company’s Code of Conduct for Prevention of Insider Trading as per Security Exchange Board of India (Prohibition of Insider Trading) Regulation, 2015, the trading window for dealing in the Company’s Shares will remain closed for the all the designated employees including the Directors of the Company from February 27, 2017 to March 07, 2017.The above information is a part of company’s filings submitted to BSE.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Bank The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure has informed that the meeting of the committee of the Board of Directors, to allot shares to the various lenders under SDR Scheme of RBI will be preponed and scheduled to be held on January 23, 2017 at 3 p.m. at Karvy Computershare, Karvy Selenium, Tower-8, Plot-31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad-500032.The above information is a part of company’s filings submitted to BSE.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Axis Trustee Services.The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure is currently trading at Rs. 41.60, up by 3.75 points or 9.91% from its previous closing of Rs. 37.85 on the BSE.The scrip opened at Rs. 41.60 and has touched a high and low of Rs. 41.60 and Rs. 40.70 respectively. So far 5,09,000 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.65 on 13-May-2016 and a 52 week low of Rs. 22.05 on 29-Mar-2016.Last one week high and low of the scrip stood at Rs. 42.75 and Rs. 37.60 respectively. The current market cap of the company is Rs. 237.12 crore.The promoters holding in the company stood at 32.89%, while Institutions and Non-Institutions held 15.66% and 51.45% respectively.Chinese conglomerate Jiangsu Longzhe is reportedly all set to buy majority stake in Diamond Power Infrastructure for around Rs 840 crore or $125 million. In this regard, the banks had invoked the strategic debt restructuring (SDR) clause last week, which will help them in acquiring control of the company.Jiangsu Longzhe is likely to invest in $25 million as equity; the remaining $100 million will be infused as debt. Initially, the Chinese company would buy 26% from lenders and will increase stake to 51% though an open offer to public subsequently. Diamond Power Infrastructure is engaged in five business verticals--cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects-- where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.
The Exchange has sought clarification from Diamond Power Infrastructure on August 01, 2016, with reference to news article appeared in The Economic Times stating ‘Chinese conglomerate Jiangsu Longzhe to buy Diamond Power Infrastructure for Rs 840 Crore’.The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure has informed about Standalone and Consolidated Financial Results and Auditors Report for the period ended March 31, 2016.The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure has informed about Outcome of Core Committee Meeting and Joint Lenders forum meeting of Company’s lenders held on June 29, 2016.The above information is a part of company’s filings submitted to BSE.
Diamond Power Infrastructure has informed that Core Committee of Lenders met on June 23, 2016 and evaluated all options put forwarded by E&Y regarding debt re-alignment. The Core Committee along with the promoters have reached to consensus on way forward and a Joint Lenders Forum has been called on June 29, 2016 to finalize the matter.The above information is a part of company’s filings submitted to BSE.