Delta Auto.

- No specific mention of new fundraising plans through debt or equity during the call. - The company has existing IPO proceeds, with INR 26 crore still unutilized and kept in fixed deposits for phased product development. - There's mention of borrowing planned at two years tenure to match cash utilization but no explicit new debt raising announced. - Management indicated all capital allocation is milestone-driven, focused on product development and operational expansion. - No active buyback plans currently, but options remain open for evaluation in the future. - The focus appears to be on utilizing existing funds efficiently over the next 1.5 to 2 years for product launches and capacity expansion.

- Capital allocation is milestone-based, with IPO funds being deployed across FY26 and FY27. - Investments focus on new product development, tooling, mold creation, and setting up a new three-wheeler paint capacity. - Working capital is being allocated to support bulk orders. - The company plans to start the fabrication plant after completing the paint plant, aligning with market shifts from L3 to L5 electric three-wheeler segments. - Product portfolio expansion includes multiple new models under development, such as L5 three-wheelers and scooters like Crossberg, with launches planned through FY27 and FY28. - CRM and sales automation platform deployment is in progress to improve dealer integration and operational transparency. - Capacity utilization improvements ongoing, especially at the North India NCR plant with expansion into two-wheeler production. - Future investments will be tightly controlled based on milestones and operational benchmarks to ensure disciplined growth.

Future Growth Expectations for Delta Autocorp Limited: - Targeting full-year revenue of approximately INR 100 crores for FY '26, with H2 revenue guidance of INR 55-58 crores. - Expecting strong sales comeback in H2 FY '26, aiming for total unit sales of 15,000 to 16,000 for the year. - Planning an aggressive revenue target of INR 125-130 crores for FY '27. - Expansion in product portfolio, including multiple new two-wheeler and three-wheeler models launching through FY '26 to FY '28. - Launch of new scooters such as Crossberg planned in Q4 FY '26, with a focus on premium segments and higher margins. - Enhancing dealer network and financing partnerships to boost retail conversions and sales throughput. - Anticipate steady margins between 8% to 10%, balanced with marketing and distribution expenses. - Government orders expected to include one or two medium-sized contracts in H2 FY '26.

- The company is targeting total revenue of INR 100 crores for the full financial year FY26, with H2 revenue guidance between INR 55-58 crores. - For FY27, an aggressive revenue target of INR 125-130 crores is set. - EBITDA margin is expected to remain stable around 8%-10%, considering marketing, logistics, and cost optimization. - Profitability is maintained amid competition, with management confident of sustaining margins in the 8-10% range. - New product launches (Crossberg scooter in Q4 FY26 and others through FY27 and FY28) are expected to contribute to growth and margin expansion. - Focus remains on stable, profitable growth rather than short-term spikes. - Operating efficiencies and cost control initiatives are expected to support consistent margins and profitability improvement over the years.

- Delta Autocorp has not received any new government orders recently. - The company is close to securing a couple of medium-sized government orders in the second half (H2) of the fiscal year 2025-26. - These upcoming orders are expected to be smaller than previous large government orders. - The company remains optimistic about winning one or two medium-sized government contracts in H2 FY '26. - There is no mention of a large pending orderbook currently; focus is on medium size upcoming orders. (Source: Page 14)