Delta Manufacturing Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
DELTAMAGNT · price
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Delta Manufacturing's Board met on August 12, 2025 and approved unaudited financial results for the quarter ended June 30, 2025. Standalone revenue from operations fell to ₹1,431.67 lakhs from ₹1,571.97 lakhs in the previous quarter and ₹1,578.31 lakhs a year ago. The company reported a standalone net loss of ₹154.62 lakhs for the quarter (including a small profit of ₹3.29 lakhs from discontinued operations), improving from a loss of ₹258.03 lakhs in Q1 FY25. Consolidated net loss widened to ₹218.47 lakhs due to a ₹63.80 lakh share of losses from its joint venture MMG Ferrites. The Board also approved the re-appointment of Dr. Ram H. Shroff as Managing Director and Executive Vice Chairman for three years starting October 1, 2025, subject to shareholder approval. The 43rd Annual General Meeting was scheduled for September 29, 2025 via video conferencing.
Revenue continues to decline year-on-year and the company remains in losses, though standalone losses have narrowed versus the year-ago quarter. The hard ferrites segment is still a major drag with a ₹149.82 lakh loss, while textiles turned profitable. Continuing losses are likely to weigh on the stock in the short term, but leadership continuity under Dr. Shroff provides some stability for the turnaround story.