Delta Manufacturing Limited has submitted to the Exchange, the Audited financial results for the period ended March 31, 2026.
DELTAMAGNT · price
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Delta Manufacturing Limited reported audited results for FY2026. Standalone revenue from continuing operations grew 10.8% to Rs 6,186.74 lakhs from Rs 5,583.52 lakhs. However, total comprehensive loss was Rs 903.19 lakhs (vs loss of Rs 1,171.92 lakhs in prior year). The company completed closure of its Hard Ferrite division at Ambad, Nashik during the year. Discontinued operations (Hard Ferrite, Soft Ferrite, and Rhine businesses) posted a pre-tax loss of Rs 1,141.73 lakhs. Consolidated equity turned negative at Rs 230.55 lakhs (down from Rs 1,460.16 lakhs), reflecting accumulated losses. The auditors issued clean unqualified opinions on both standalone and consolidated financial statements.
The stock may face pressure due to significant consolidated losses and negative equity, despite improved revenue. The closure of the Hard Ferrite division and ongoing losses from discontinued operations continue to weigh on shareholder value. Investors should monitor the company's ability to turn around its continuing textile operations.