Delphi World Money Limited Reports Quarterly and Annual Financial Results for Year Ended March 31, 2026

Delphi World Money Limited Reports Quarterly and Annual Financial Results for Year Ended March 31, 2026​

Delphi World Money Limited announced the audited financial results for the quarter and financial year ended March 31, 2026, following the Board of Directors meeting held on May 27, 2026. The results reflect significant corporate restructuring, including the formal classification of Ebix Travels Private Limited as a subsidiary.

The company’s standalone and consolidated financial statements provide key metrics for the period.

Financial Performance Highlights​

For the financial year ended March 31, 2026, the consolidated financial results show Total Income of 739.56 million and a Total Expense of 593.83 million. The Net Profit After Tax for the year amounted to 19.55 million.

The balance sheet as of March 31, 2026, reflects Total Assets of 6,462.76 million, supported by Total Equity of 3,265.48 million and Total Liabilities of 3,197.28 million.

A comparison of key financial figures (in millions) between the year ended March 31, 2026, and March 31, 2025, is presented below:

Operational and Structural Updates​

The financial reporting period included several material corporate developments for the company.

Subsidiary Acquisition and Control:
The relationship between Delphi World Money Limited and Ebix Travels Private Limited (ETPL) was restructured. ETPL was formally classified as a Subsidiary effective September 1, 2025. During the year, the company converted outstanding inter-corporate deposits aggregating 1,711.89 million (including accrued interest) into 3,05,69,464 equity shares of ETPL at a price of 56 per share, leading to an initial equity stake of 34.08%. The company further subscribed to 1,44,64,285 equity shares of ETPL via preferential allotment at 56 per share, totaling 810.00 million. As of March 31, 2026, the company holds 4,50,33,749 equity shares, representing 43.23% of ETPL's paid-up equity share capital.

Capital Restructuring:
The company executed significant capital movements during the year:

• Rights Issue: An aggregate of 52,23,295 equity shares were allotted at 191 per share on October 14, 2025. The issue was fully subscribed, raising 997.65 million. The proceeds were used for subscribing to ETPL equity shares (810.00 million) and general corporate purposes (187.65 million).
• Share Capital Changes: The company also completed a sub-division of the face value of equity shares from 10 per share to 2 per share, effective February 13, 2026. Additionally, a bonus issue of shares was executed in the ratio of 2:1, effective February 14, 2026.

Inter-Corporate Loans and Legal Issues:
Management confirmed that a material related party transaction involving an Inter-Corporate Loan to the ultimate parent was extended by Ebix Travels under a facility of up to ₹50 crore, with ₹45.6 crore outstanding as of the year end. The company noted that this transaction was previously approved by the shareholders through a postal ballot resolution on April 11, 2026.

In terms of regulatory matters, the company faces two key issues:
1. FEMA Penalties: The Directorate of Enforcement (ED) levied a monetary penalty of 3,329.07 million on the Company and 335.20 million on its Principal Officer for non-compliance with provisions of the Foreign Exchange Management Act, 1999 (FEMA). The company has filed appeals before the Hon'ble Appellate Tribunal under SAFEMA and deposited 15% of the penalty amount as a precondition for hearing. These penalties pertain to the period before the company's acquisition by EbixCash World Money Limited on December 31, 2018.
2. Litigation: A Commercial Suit was filed on November 14, 2025, by Bull Value Incorporated VCC Sub-Fund challenging the change in shareholding, management control of ETPL, and the Rights Issue. The matter is presently sub-judice, with an interim order maintaining the status quo.

Auditor's Qualified Opinion​

The statutory auditor expressed a Qualified Opinion on both the standalone and consolidated financial results.

The qualification specifically relates to the Inter-Corporate Deposit (ICD) of ₹532.84 million given by ETPL to the ultimate holding company, Eraaya Lifespaces Limited. The auditors stated that they were not provided with sufficient evidence regarding the business rationale for the deposits, and therefore, could not determine if any adjustments were necessary to the financial statements.

Despite the qualification, the management of the company confirmed that the ICD is recoverable and that requisite shareholder approval for the transaction was subsequently obtained vide postal ballot resolution dated April 11, 2026.

Financial Status​

The company's financial standing, as reported in the Balance Sheet, shows a Total Asset value of 3,740.94 million as of March 31, 2026. Total Current Assets are substantial, totaling 881.26 million.

The company’s cash and cash equivalents at the end of the period stood at 207.80 million, reflecting a Net Cash Flow of (175.86) million for the year.

DELPHIFX Stock Price Movement​

On Wednesday, DELPHI WORLD MONEY LIMITED shares shed 3.00%, concluding the session at ₹10.36. The stock traded a total volume of 176,592 shares, seeing intraday declines and settling near the lower end of its trading range.