Delta Autocorp's revenue slipped. Now it's plotting a path to ₹210 cr.
The scooter maker posted FY26 revenue of ₹82.66 cr, down from the prior year. Management laid out a three-year plan to more than double the business.
What's new
- FY26 revenue was ₹82.66 cr with a profit of ₹6.91 cr, a year-on-year decline.
- Management guided for ₹105 cr in FY27 revenue, citing an ₹18-20 cr government order pipeline.
- The company outlined a longer-term path to ₹210 cr in revenue by FY29.
Why this matters
Delta Autocorp is using the concall to chart an aggressive recovery. The guidance requires the company to more than double its revenue in three years from a compressed base. Execution hinges on converting a government order pipeline and launching a new flagship scooter into booked growth.
What we're watching
- The Q1 FY27 launch and initial sales trajectory of the Dream scooter.
- Actual conversion of the ₹18-20 cr government order pipeline into revenue.
- Whether spare parts revenue stabilizes after a sharp industry-wide margin decline.
The full read
Delta Autocorp closed FY26 with revenue of ₹82.66 crore and a profit of ₹6.91 crore. That's a decline. The company is now planning a steep ramp. Management guided for ₹105 crore in FY27, then ₹150-155 crore in FY28 and ₹210 crore in FY29. That's a near tripling from the FY26 base in three years. The immediate hook is a ₹18-20 crore government order pipeline and the Q1 FY27 launch of the Dream scooter. The longer-term path requires doubling revenue in two years from an already compressed base. Spare parts revenue, a traditional support line, fell sharply during the year amid industry-wide margin pressure. The company is also investing in design and engineering capabilities to support the new product push. Hardly a safe bet. The guidance sets a high bar; the next step is seeing the Dream scooter translate orders into booked revenue.
Questions answered
- How did Delta Autocorp perform in FY26?
- Revenue declined to ₹82.66 crore from the prior year, with a PAT of ₹6.91 crore. Spare parts revenue fell sharply amid industry-wide margin pressure.
- What is the three-year revenue guidance?
- Management guided for ₹105 crore in FY27, ₹150-155 crore in FY28, and ₹210 crore in FY29. This is nearly triple the FY26 base.
- What supports the growth plan?
- The plan relies on a government order pipeline worth ₹18-20 crore and the Q1 FY27 launch of the Dream flagship scooter. The company is also investing in design and engineering.
- What is the main risk to this outlook?
- The guidance requires rapid growth after a year of decline, with execution depending on government contracts and new product uptake. The sharp fall in spare parts revenue shows existing margin pressures.
An independent reading of the company's own disclosure — the primary filing above is the final word.