Delta Manufacturing's margin slips to 7.69% as quarterly loss widens
Revenue fell 4.72% sequentially, while expenses declined only 3.12%; higher interest and a larger other-income loss deepened the consolidated loss.
Filed 04 Nov 2026, 18:33 IST · after market close · Delta Manufacturing Ltd (DELTAMAGNT)
Key takeaways
- Consolidated operating margin fell 1.54 percentage points sequentially to 7.69% as expenses declined less than revenue.
- Net loss widened to Rs 1.40 cr from Rs 0.31 cr in Q1FY27, with interest expense rising 9.20% and other income turning more negative.
- Delta Manufacturing's 7.69% operating margin was 4.55 percentage points below the 12.24% median for 143 Industrials peers.
Price around the results
Revenue fell faster than expenses in Q2FY27
Consolidated revenue fell 4.72% sequentially to Rs 18.18 cr, while expenses declined 3.12% to Rs 16.78 cr. Because costs fell less than revenue, operating profit dropped 20.45% and operating margin narrowed 1.54 percentage points to 7.69%.
Higher interest and negative other income worsened the loss
Interest expense rose 9.20% to Rs 0.95 cr and depreciation increased 3.85% to Rs 1.08 cr. Other income moved from negative Rs 0.30 cr to negative Rs 0.60 cr, and its share of pre-tax profit was 48.78%; the zero tax rate did not cushion earnings because the company remained loss-making.
Margin remains below the Industrials peer median
The 7.69% operating margin was 4.55 percentage points below the 12.24% median among 143 Industrials companies that had reported the quarter.
Results were filed after market close
The consolidated results were filed at 18:33 IST on 4 November 2026, after market close. No post-results stock reaction is covered here.
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 | ₹18 cr | ₹19 cr | -4.72% |
| Other income | ₹-1 cr | ₹-0 cr | -100.00% |
| Expenses | ₹17 cr | ₹17 cr | -3.12% |
| Operating profit | ₹1 cr | ₹2 cr | -20.45% |
| Operating margin (%) | 7.69% | 9.23% | — |
| Interest | ₹1 cr | ₹1 cr | +9.20% |
| Depreciation | ₹1 cr | ₹1 cr | +3.85% |
| Profit before tax | ₹-1 cr | ₹-0 cr | -167.39% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-1 cr | ₹-0 cr | -351.61% |
| EPS (₹) | ₹-1.29 | ₹-0.29 | -344.83% |
Operating margin of 7.69% compares with a Industrials sector median of 12.24% across 143 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 7.69% after the 1.54-percentage-point sequential decline.
- Whether interest expense moves below Rs 0.95 cr.
- Whether other income improves from negative Rs 0.60 cr.