Delta Autocorp

Delta Autocorp reported a challenging FY26 with revenue and profitability impacted by delayed government orders and a structural shift in the three-wheeler segment from L3 to L5 vehicles. Management highlighted a 69% growthCurrent 69% growth. Reported change: +69% YoY. in two-wheeler channel sales, but overall revenue declined due to a 20 croreCurrent reported value: 20 crore. No comparable prior figure is available in the source record. government order not materializing and a one-time expense of 1.58 croreCurrent reported value: 1.58 crore. No comparable prior figure is available in the source record.. The company is investing heavily in new product development, with a flagship scooter expected in 24-26 months and a capex of 8.5-10 croreCurrent reported value: 8.5-10 crore. No comparable prior figure is available in the source record. in FY27. Guidance for FY27 revenue is 105 croreCurrent reported value: 105 crore. No comparable prior figure is available in the source record., with a target of 150-155 crore in FY28. Risks include continued weakness in the three-wheeler segment, execution delays in government orders, and shareholder dissatisfaction over capital allocation and lack of buyback.