Delta Corp’s net loss narrows 49.81% QoQ as other-income drag eases
Revenue fell 5.46% while expenses fell 5.24%, trimming operating margin by 0.20 percentage points.
Filed 19 Oct 2026, 20:36 IST · after market close · Delta Corp Ltd (DELTACORP)
Key takeaways
- Consolidated net loss narrowed 49.81% QoQ to Rs -106.68 cr as the negative other-income impact eased.
- Operating margin slipped 0.20 percentage points QoQ because expenses fell 5.24%, less than the 5.46% revenue decline, to 18.02%.
- Negative other income amounted to 114.54% of pre-tax loss, making reported earnings heavily dependent on non-operating items.
Price around the results
Loss narrows as the non-operating drag reduces
Delta Corp’s consolidated net loss narrowed 49.81% QoQ, but the company remained loss-making because other income was negative at Rs -132.82 cr. The other-income drag was smaller than in Q1FY27, when it was Rs -297.94 cr, helping reduce the loss despite lower revenue.
Costs fell slower than revenue, while tax and interest helped
Revenue declined 5.46% QoQ, while expenses declined 5.24%, so costs fell less than revenue and operating margin narrowed by 0.20 percentage points. Interest expense fell 28.76%, and the tax rate declined 16.03 percentage points to 8.00%, which also supported the sequential reduction in net loss.
Operating margin remains above the sector median
Delta Corp’s 18.02% operating margin was 8.42 percentage points above the 9.60% median for the 19 Consumer Discretionary peers that had reported the quarter. The results were filed at 20:36 IST on 19 October 2026, after market close, so there was no immediate market reaction to assess.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹159 cr | ₹169 cr | -5.46% |
| Other income | ₹-133 cr | ₹-298 cr | +55.42% |
| Expenses | ₹131 cr | ₹138 cr | -5.24% |
| Operating profit | ₹29 cr | ₹31 cr | -6.48% |
| Operating margin (%) | 18.02% | 18.22% | — |
| Interest | ₹2 cr | ₹2 cr | -28.76% |
| Depreciation | ₹10 cr | ₹10 cr | -0.29% |
| Profit before tax | ₹-116 cr | ₹-280 cr | +58.55% |
| Tax | ₹-9 cr | ₹-67 cr | +86.19% |
| Net profit | ₹-107 cr | ₹-213 cr | +49.81% |
| EPS (₹) | ₹-3.97 | ₹-7.93 | +49.94% |
Operating margin of 18.02% compares with a Consumer Discretionary sector median of 9.60% across 19 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds above 18.02% in the next quarter.
- Whether other income remains a drag after the Rs -132.82 cr impact in Q2FY27.
- Whether expenses continue to decline faster than revenue after falling 5.24% versus the 5.46% revenue decline.