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View Claim Ledger →Delta Autocorp Limited — Q4 FY26
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.
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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% growth in two-wheeler channel sales, but overall revenue declined due to a 20 crore government order not materializing and a one-time expense of 1.58 crore. 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 crore in FY27. Guidance for FY27 revenue is 105 crore, 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.
डेल्टा ऑटोकॉर्प का FY26 मुश्किल भरा रहा। सरकारी ऑर्डर में देरी और तिपहिया वाहनों के L3 से L5 मॉडल में बदलाव से कमाई और मुनाफा प्रभावित हुआ। दोपहिया वाहनों की बिक्री में 69% का उछाल आया, लेकिन कुल कमाई घट गई क्योंकि 20 करोड़ का सरकारी ऑर्डर नहीं मिला और 1.58 करोड़ का एक बार का खर्च हुआ। कंपनी नए उत्पादों पर भारी निवेश कर रही है। एक नया स्कूटर 24-26 महीनों में आएगा। FY27 में 8.5-10 करोड़ का निवेश (capex) होगा। FY27 में 105 करोड़ और FY28 में 150-155 करोड़ कमाई का लक्ष्य है। जोखिमों में तिपहिया वाहनों की कमजोरी, सरकारी ऑर्डर में देरी और शेयरधारकों की नाराज़गी शामिल है।
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Delayed government order execution
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Two-wheeler channel sales growth
69%
+69% YoY
Channel sales in two-wheeler segment grew 69% YoY, driven by price corrections and improved product-market fit.
Total two-wheeler units sold
11,844
+15% YoY
Two-wheeler unit sales increased from 10,299 to 11,844 units, including OEM and channel sales.
Three-wheeler units sold
2,909
-22% YoY
Three-wheeler unit sales declined from 3,722 to 2,909 units due to industry shift from L3 to L5.
Order book pipeline
18-20 crore
N/A
Government order pipeline of 18-20 crore, with 8-10 crore expected to convert in FY27.
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Guidance and risk preview
Management guided for FY27 revenue of approximately 105 crore, with 60 crore from two-wheeler channel, 20 crore from government orders, 15 crore fr...
A 20 crore government order expected in FY26 did not materialize due to elections and government changes; only 8-10 crore may convert in FY27.
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