Delton Cables Q4 FY26: Net profit drops 78%, revenue rises

Key takeaway for investors

Delton Cables Ltd reported a steep decline in profitability in the March 2026 quarter (Q4 FY26) even as sales stayed strong. Net profit for the quarter fell 77.66% year-on-year to ₹1.26 crore, and also declined 69.19% on a sequential basis versus the previous quarter. The latest numbers matter because they arrive alongside a multi-year expansion in reported annual revenue, but also show that costs and interest outgo can quickly compress earnings.

What the quarterly numbers show

For Q4 FY26 (quarter ended March 2026), Delton Cables posted net sales of ₹320.31 crore, as per the quarterly result table. Total expenditure for the same period stood at ₹305.93 crore. Operating profit was reported at ₹14.39 crore, supported by other income of ₹0.99 crore.

But interest cost remained elevated at ₹11.75 crore for the quarter, and depreciation was ₹1.91 crore. The quarter also had exceptional items of -₹0.29 crore. Profit before tax (PBT) for Q4 FY26 was ₹1.41 crore, and profit after tax (PAT) was ₹1.26 crore, with tax of ₹0.15 crore.

Q4 FY26 profit slump in context

A separate disclosure in the provided data states that Delton Cables’ net profit fell 77.66% since the same period last year to ₹1.26 crore in Q4 FY25-26. On a quarterly growth basis, the company recorded a 69.19% fall in net profit versus the prior quarter.

The quarterly table covering Q3 FY25 to Q4 FY26 shows how margins narrowed through the year. Net profit margin (NPM) reduced to 0.4% in Q4 FY26, compared with 1.5% in Q3 FY26 and 2.6% in Q2 FY26. This indicates that even with a revenue base above ₹300 crore in the quarter, profitability remained thin.

QoQ and YoY snapshot from the Q1 results table

Another table (labelled “Quarterly - Delton Cables Q1 Results”) provides a direct comparison between Jun 25 and Mar 26, and also shows Jun 24 as the year-ago quarter for some lines. As per that table, total revenue was ₹320.31 crore in Mar 26 versus ₹156.33 crore in Jun 25, while total operating expense was ₹308.13 crore in Mar 26.

That table also reports net income of ₹1.26 crore in Mar 26 versus ₹3.08 crore in Jun 25, reflecting a -45.32% QoQ decline between those two points. It also shows diluted normalized EPS of 1.76 in Mar 26 versus 3.57 in Jun 25, a -45.52% change.

Full-year trajectory: annual revenue scaled up, margins steady

Annual financials (2015 to 2026) show a marked expansion in the reported top line in recent years. Revenue rose from ₹274 crore in 2023 to ₹403 crore in 2024, ₹711 crore in 2025, and ₹986 crore in 2026. Over the same period, expenses increased from ₹254 crore (2023) to ₹372 crore (2024), ₹663 crore (2025), and ₹922 crore (2026).

EBITDA expanded from ₹20 crore in 2023 to ₹31 crore in 2024, ₹48 crore in 2025, and ₹64 crore in 2026. Operating profit percentage, however, stayed in a narrow band in recent years, reported at 7% in 2023, 7% in 2024, 7% in 2025, and 6% in 2026.

A notable point in the annual table is the rise in interest cost, from ₹12 crore in 2023 to ₹18 crore in 2024, ₹26 crore in 2025, and ₹40 crore in 2026. Net profit was ₹1 crore in 2023, ₹15 crore in 2024, ₹21 crore in 2025, and ₹20 crore in 2026.

India vs overseas: revenue contribution snapshot

The provided country split indicates that India is the key contributor. India contributed ₹709 crore in the latest year referenced, versus ₹401 crore in the year before. The chart also shows India at ₹122 crore (2021), ₹159 crore (2022), and ₹272 crore (2023), implying a sharp ramp-up over five years.

Overseas contribution shown in the same dataset is small: ₹0.94 crore and ₹0.393 crore in the years displayed. This reinforces that Delton Cables’ reported performance is predominantly linked to domestic demand and execution.

Dividend detail and shareholder returns

In the quarter ending March 2025, Delton Cables declared a dividend of ₹2.00 per share on 30 May 2025. The data notes that this translated into a dividend yield of 0.76%.

While the dividend is from an earlier period, it is relevant context because current quarter profitability has weakened sharply. Investors typically track whether cash returns remain consistent when earnings volatility increases.

Stock price references in the dataset

The dataset includes multiple price points: 411.90 (-0.35, -0.08%), “Today: 406.05”, and another move showing 438.00 (-48.55, -9.98%). It also states, “The current share price of Delton Cables is Rs 486.55.”

Because these figures appear without a single timestamp, they should be read as reference levels captured across different points in the source data rather than a single day’s move.

Summary table: latest quarter and annual snapshot

What to watch next

The data also notes that the company will consider and approve the unaudited financial results for the quarter ended June 30, 2026. That event will be important for confirming whether the March-quarter margin compression was temporary or continues into the next quarter.

Another metric mentioned is “Quarterly Earnings Growth YOY -77.66” along with “EPS (TTM) 0”. These indicators, taken together with the sharp drop in the latest quarter’s profit, highlight why investors will likely focus on operational efficiency, interest costs, and consistency of margins in upcoming results.

Conclusion

Delton Cables’ March-quarter FY26 results show that revenue scale has not translated into stable quarterly profitability, with PAT dropping to ₹1.26 crore and NPM at 0.4%. Annual financials still reflect strong growth in revenue to ₹986 crore in FY26, but rising interest costs and thin margins remain key constraints. The next defined catalyst in the dataset is the board’s consideration of unaudited results for the quarter ended June 30, 2026.