Outcome of Board Meeting
DELTAMAGNT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Delta Manufacturing Ltd's Board approved audited financial results for Q4 and FY ended March 31, 2026. From continuing operations (Textile segment), standalone revenue grew 18.6% year-on-year to Rs 1,848.51 lakhs in Q4 and 10.8% to Rs 6,186.74 lakhs for full year. The company reported standalone profit after tax of Rs 220.52 lakhs from continuing operations, more than doubling from Rs 77.77 lakhs in FY25. However, total standalone net loss was Rs 914.10 lakhs due to Rs 1,134.62 lakhs loss from discontinued operations (Hard Ferrite, Soft Ferrite, Rhine businesses). The Hard Ferrite division closure has been completed. Consolidated net loss was Rs 1,240.84 lakhs, impacted by Rs 326.54 lakhs share of loss from joint venture MMG Ferrites Private Limited. Equity has turned negative at Rs 230.55 lakhs on consolidated basis, down from Rs 1,460.16 lakhs.
The company shows improving operational performance in textiles but is burdened by legacy ferrite business losses and a weak joint venture. The negative equity position and substantial debt levels (total borrowings Rs 3,911.63 lakhs) raise concerns about financial stability despite the completed hard ferrite division closure.