Synopsis: The automotive stock gained focus after the company introduced a higher-capacity electric vehicle, signalling expansion into a new segment and potential improvement in volumes and near-term revenue visibility.
The shares of this micro cap company, majorly engaged in manufacturing and selling 2-wheelers & 3-wheelers EVs, jumped over 11 percent after expanding its EV portfolio with new launch
With the market capitalization of Rs. 74.2 Crores, the shares of Delta Autocorp Ltd reached an intraday high of Rs. 50 per share raising nearly 13.5 percent from its previous day closing of Rs. 44.10 per share and is trading at a P/E of 7.93 whereas industry P/E stands at 30.7
What is the NEWS:
Delta Autocorp Ltd announced a new 6-seater electric vehicle Deltic Express in the L5 category, expanding beyond its existing 4-seater offerings. This shift allows it to cater to a larger passenger segment, directly increasing its addressable market. The new model is designed to improve driver earnings, with management indicating up to 50 percent higher income per trip due to increased seating capacity.
At the same time, the vehicle is priced around 30–35 percent lower than traditional auto-rickshaws, which could support faster adoption. The launch also reflects a response to customer feedback on space and speed limitations, suggesting better product-market fit. With the rollout expected within the current month, the development points to potential volume growth and incremental revenue contribution in the near term
The vehicle includes improvements in space, comfort, and stability, along with a stronger chassis and better suspension. Financing support and user-driven design changes could help improve adoption and customer retention.
About the Company and Financials:
Delta Autocorp Limited operates under the “Deltic” brand, focusing on electric mobility solutions designed for everyday use in India. The company positions itself as a provider of reliable and practical EVs, built specifically for real-world conditions across the country. Its portfolio includes electric scooters, e-rickshaws, loaders, and utility vehicles aimed at both personal and commercial applications.
The company highlights its strong distribution presence with over 350 dealers across India and a growing footprint across multiple states. It focuses on affordability and low running costs, promoting EVs as a cost-saving alternative to petrol vehicles, with significantly lower per kilometer operating expenses.
Half yearly analysis: Revenue from Operations has decreased from Rs. 52.34 Crores to Rs. 42.13 Crores, down 19.5 percent. Operating profit has decreased from Rs. 7 Crores to Rs. 3.46 Crores, down 50.5 percent and net profit has decreased from Rs. 5.88 Crores to Rs. 3.46 Crores, up 41 percent
Year on Year analysis: Revenue from Operations has increased from Rs. 30.84 Crores to Rs. 42.13 Crores, up 36.6 percent. Operating profit has decreased from Rs. 4 Crores to Rs. 3.46 Crores, down 13.5 percent and net profit has increased from Rs. 2.86 Crores to Rs. 3.46 Crores, up 21 percent
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Auto stock jumps 14% after it expands its EV portfolio with new 6-seater launch appeared first on Trade Brains.