Delta Manufacturing posts ₹12.41 cr loss as it exits ferrite business
The company shuttered its loss-making Nashik hard ferrite division to focus on textiles, which grew revenue to ₹61.87 crore.
— 1 earlier story on Delta Manufacturing Ltd. →What's new
- Delta Manufacturing reported a net loss of ₹12.41 cr for FY26.
- Revenue from continuing textile operations rose to ₹61.87 cr from ₹55.84 cr.
- The company finalized the closure of its hard ferrite division in Nashik.
Why this matters
Exiting the hard ferrite division removes a source of chronic losses. With a market valuation of only ₹68 cr, the transition to a pure-play textile business is a high-stakes attempt at stabilization.
What we're watching
- Whether the textile segment can reach profitability without the drag of discontinued units.
- Any further restructuring costs or asset write-downs.
- Cash flow performance in the coming quarters.
The full read
Delta Manufacturing is shedding its legacy hard ferrite division to stabilize its balance sheet. The company reported a consolidated net loss of ₹12.41 crore for the fiscal year ended March 31, 2026.
Textile revenue rose to ₹61.87 crore from ₹55.84 crore the prior year.
It is a pivot.
The formal closure of the Nashik-based ferrite unit finally ends a long-running effort to exit unprofitable, obsolete technology that has plagued the company's financial performance for years. For a company with a market valuation of just ₹68 crore, this transition is the only path forward. The auditor's report is unmodified, providing a clean look at the firm's state as it pivots toward textile manufacturing. The next test is whether the core business can generate enough margin to offset the losses that have defined the company's recent history.
Questions answered
- What caused the net loss of ₹12.41 crore?
- The loss stems from legacy business segments that the company has been restructuring. While the core textile business grew, these discontinued operations continued to weigh on the bottom line.
- What is the status of the hard ferrite division?
- The division is now officially closed. This concludes a restructuring plan aimed at eliminating losses from obsolete technology.
- How did the textile business perform?
- Revenue from continuing textile operations rose to ₹61.87 crore for FY26, up from ₹55.84 crore in the previous year.
- Did the auditor raise any concerns?
- No. The auditor provided an unmodified report on the financial results.
Story so far
All notes on DELTAMAGNT →- 27 May 2026 · 6:33 PM IST Delta Manufacturing posts ₹12.41 cr loss as it exits ferrite business
- today Delta Manufacturing shuts loss-making division to clear path for textiles