Delta Corp Limited

Result Analysis Q3 FY22

Delta corp limited announced the result for Q3 FY22 today. I have tried to analyze the quarter result.

There are some very interesting key points as mentioned below

Total Income : + 205.62% QoQ and + 95.61% YoY

Gross Profit : + 201.25% QoQ and + 94.58 % YoY

Gross Profit Margin : - 1.36% QoQ and - 0.5% YoY

EBITDA : + 1108.72% QoQ and + 465.09% YoY

EBITDA Margin : + 57.95% QoQ and + 29.08% YoY

Operating Profit Margin : + 69.06% QoQ and + 34.28% YoY

Net Profit Margin: + 55.69% QoQ and + 27.89% YoY

	Figures are ₹ in Crores
Particulars	QoQ		YoY	Performance QVsQ	Performance YVsY
	31 December 2021	30 September 2021	31 December 2020
Total Income	252.20	82.52	128.93	205.62%	95.61%
Expenses
Cost of material consumed	20.83	12.88	8.77
Purchase of traded goods
Changes in inventories of finished goods, work-in-progress and stock-in-trade	-5.47	-8.98	-1.56

COGS	15.36	3.90	7.21	293.85%	113.04%
Gross Profit	236.84	78.62	121.72	201.25%	94.58%
Gross Profit Margin	93.91%	95.27%	94.41%	-1.36%	-0.50%

Employee benefits expense	29.81	23.71	24.76
Other expenses	69.49	41.81	51.65
License and Registration fee	25.37	24.22	25.46
SG&A	124.67	89.74	101.87	38.92%	22.38%
EBITDA	112.17	-11.12	19.85	1108.72%	465.09%
EBITDA Margin	44.48%	-13.48%	15.40%	57.95%	29.08%

Depreciation and amortisation expense	13.60	13.62	13.66

EBIT	98.57	-24.74	6.19	498.42%	1492.41%
EBIT Margin (OPM)	39.08%	-29.98%	4.80%	69.06%	34.28%

Finance costs	1.9	1.11	1.39
PBT	96.67	-25.85	4.80	-473.97%	1913.96%
Tax	24.3	-3.57	3.76
Net Profit	72.37	-22.28	1.04	-424.82%	6858.65%
Net Profit Margin	28.70%	-27.00%	0.81%	55.69%	27.89%


Cost of material as % of sales	6.09%	4.73%	5.59%	1.36%	0.50%

So, Q2 FY22 result is Good...

Its my own view, not holding just trying to analyze the result.