Delton Cables Share Price: Q3 mein ek 'one-off' se profit, 9 mahine mein Profit **48%** down! Kya chal raha hai?

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AuthorAnanya Iyer|Published at:
Delton Cables Share Price: Q3 mein ek 'one-off' se profit, 9 mahine mein Profit **48%** down! Kya chal raha hai?
Overview

Arre yaar, Delton Cables ka Q3 ka result dekh ke sab confuse hain. Revenue toh **42.2%** badh gaya, **₹268.39 Cr** tak pahunch gaya, aur net profit bhi **21.0%** badh kar **₹4.09 Cr** ho gaya. Lekin ye sab hua ek special income, matlab insurance claim se aaye **₹5.18 Cr** ki wajah se. Asal mein, core business lagbhag loss mein tha!

Toh kya hai asli kahani? (The Real Story)

Dekho, Delton Cables ne FY26 ke third quarter (December tak) ka result nikala hai. Quarter mein toh revenue 42.2% bhaga aur ₹268.39 Crore ho gaya. Net profit bhi 21.0% badh kar ₹4.09 Crore ho gaya. Share price bhi thoda upar gaya hoga. Lekin bhai, is profit mein ₹5.18 Crore ka ek 'one-off' gain tha, jo puraane fire accident wale insurance claim settlement se mila tha. Agar ye paisa nahi aata na, toh company quarter mein ₹1.09 Crore ka loss dikhati! Matlab, asli kaam toh ghata mein chal raha tha.

9 Mahine ka Dukhda (9-Month Woes)

Ab dekho, agar hum poore 9 mahine (April se December) ki baat karein toh revenue toh 31.4% badh kar ₹666.07 Crore ho gaya. Lekin asli picture yahan hai – net profit 48.3% gir gaya aur ₹10.61 Crore par aa gaya. Basic EPS bhi 9.5% kam ho kar ₹15.58 ho gaya. Toh, paisa toh aa raha hai, par bach kyu nahi raha? Issi liye toh broker log aur investors sawaal pooch rahe hain.

Margins par Pressure Hai Kya? (Margin Pressure)

Experts keh rahe hain ki revenue badhne ke baad bhi profit itna girne ka matlab hai ki ya toh operating expenses bahut badh gaye hain, ya phir margins par pressure aa raha hai. Company ne yeh bhi bataya ki New Labour Codes ki wajah se employee benefit expenses (jaise gratuity) mein bhi thoda one-time impact pada tha. Toh basically, ek quarter ka profit sirf ek insurance claim se aaya, aur saal bhar ka profit zabardast gira. Yeh investors ke liye worrying baat hai.

Aage Kya? (What Next?)

Abhi tak company ne koi specific outlook ya guidance nahi diya hai. Jo main risk hai woh yehi hai ki company apne core business se consistently profit nahi bana pa rahi aur 'one-off' gains par depend kar rahi hai. Investors ko ab agle results ka wait karna hoga yeh dekhne ke liye ki company apne business ko profitable bana pati hai ya nahi.

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