Delta Manufacturing Limited has informed the Exchange regarding Outcome of Board meeting held on February 12, 2026.
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Delta Manufacturing Limited's board, on February 12, 2026, approved unaudited standalone and consolidated financial results for Q3 FY26 and the nine months ended December 31, 2025. Standalone revenue from operations rose to ₹1,553.23 lakhs in Q3 (vs ₹1,380.18 lakhs in Q2 FY26 and ₹1,499.72 lakhs in Q3 FY25), but the company slipped into a continuing-operations loss of ₹52.12 lakhs after tax compared to a profit of ₹29.88 lakhs in the previous quarter. Discontinued operations (Rhine Estates, Soft Ferrite, and Hard Ferrite segments) posted a loss before tax of ₹403.13 lakhs, dragging total standalone loss for the quarter to ₹434.84 lakhs (basic EPS of -₹4.01). On a consolidated basis, losses were steeper at ₹519.72 lakhs for the quarter, hurt by share of losses from joint venture MMG Ferrites. The hard ferrite division closure at Ambad, Nashik has been fully completed. The board also approved convening an EGM on March 25, 2026 via video conferencing to seek shareholder approval for material related party transactions.
Short-term, the Q3 results are weak, with returning losses in continuing textile operations and heavy ongoing losses from discontinued divisions likely to weigh on the stock. However, nine-month losses have narrowed meaningfully versus the prior year, and completion of the hard ferrite shutdown may reduce future drag. The EGM for related party transactions is a routine governance step but shareholders should review the nature of these transactions before voting.