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Vadodara-based power cables maker, Diamond Power Infrastructure Ltd (DIPL) has posted 29 per cent higher net profit at Rs 40 crore for the second quarter ended September 30 vis-à-vis corresponding period last year.
The company’s net sales increased to Rs 896 crore during the quarter against Rs 666 crore in the same period last year.
For the half year period, company’s net profits were up by 18 per cent to Rs 77 crore against Rs 65 crore last year. Net income increased to Rs 1,700 crore for the half-year period against Rs 1,242 crore reported last year.
Company shares were down by over 4 per cent on the Bombay Stock Exchange (BSE) to close at Rs 115.75 on Friday.
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