Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March,2026
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Delta Manufacturing reported FY26 revenue of ₹6,186.74 lakhs, up 10.8% from ₹5,583.52 lakhs in FY25. Profit after tax from continuing operations surged to ₹220.52 lakhs from ₹77.77 lakhs (183.5% growth). However, total comprehensive income remained negative at ₹(903.19) lakhs due to massive losses from discontinued operations (hard ferrite, soft ferrite, Rhine businesses) totaling ₹(1,134.62) lakhs after tax. The hard ferrite division closure was completed during the year. The auditors issued an unqualified opinion with no going concern or qualified opinion flags. However, the balance sheet shows significant stress: total equity collapsed to ₹581.39 lakhs (from ₹1,484.58 lakhs) and total borrowings stand at ₹3,911.63 lakhs against this thin equity base. Cash flow from operations was marginally positive at ₹64.48 lakhs, but investing activities consumed ₹974.68 lakhs (capex), funded by additional debt.
The continuing textile operations are profitable and growing, but the company carries heavy losses from discontinued businesses, negative equity, and high leverage. The debt-to-equity ratio is severely stretched, indicating high financial risk for shareholders despite the clean audit opinion.