Analysis of Delton’s FY23 Financial Numbers
YoY Comparison of Delton Cables’ Financials: Q4 FY-23 vs. Q4 FY-22 & FY-23 vs. FY-22
For the quarter ended 31st March 2023, Delton Cables reported a revenue of Rs. 80.50 crore from operations as compared to Rs. 47.97 crore clocked during Q4 of FY-22, exhibiting a remarkable quarterly growth of 67.81% YoY.
However, the company reported a net loss of Rs. 4.33 crore for Q4 FY23. For the corresponding quarter of 2021-22 financial year, Delton had posted a profit of Rs. 2.94 crore.
Taking the entire financial year into consideration, Delton Cables earned a revenue of Rs. 272.15 crore in FY-23 as compared to Rs. 159.12 crore in FY-22. This portrays an impressive leap by 71.03% in the company’s revenue.
Despite this increase in revenue, PAT of the company showed a contracting trend, shrinking by 24.68% YoY to Rs. 0.58 crore during the year ended 31st March 2023 from Rs. 0.77 crore reported for FY-22.
EPS for Delton was Negative Rs. 5.01 in Q4 of FY-23, which is in contrast to the company’s Earnings Per Share (EPS) of Rs. 3.41 during the corresponding quarter of FY-22. For the entire FY-23, Delton’s EPS was Rs. 0.67, registering a YoY decrease of 24.72% from Rs. 0.89 in FY-22.
QoQ Comparison of Delton’s Financials: Q4 FY-23 vs. Q3 FY-23
On a Quarter-over-Quarter (QoQ) basis, Delton’s revenue from operations grew by a healthy margin of 18.92% from Rs. 67.69 crore clocked during the quarter ended 31st December 2022.
PAT of the company was Rs. 1.57 crore during the third quarter of FY23, after which Delton logged a net loss for Q4 of FY-23.
About Delton Cables Ltd.: Delhi-headquartered Delton Cables Ltd. is a manufacturer of electric cables, communication cables and switchgear products. The company was established in 1948. Delton’s clientele spans several sectors including telecommunication, defence, power and mining, cement, oil and gas, steel and infrastructure.