Delphi World Money Reports Q1 Profit Growth, Approves Strategic Initiative with Ebix Travel
Delphi World Money Limited reported a 26.6% increase in net profit to ₹45.14 crore for Q1, despite a decrease in total income. The company's Board approved a strategic initiative involving Ebix Travel Private Limited, aiming to integrate business verticals and enhance consolidated oversight. This move may include recharacterization of Inter-Corporate Deposits and further capital deployment. The company faces regulatory challenges with a ₹329.07 crore penalty from the Enforcement Directorate for alleged FEMA non-compliance, which it is contesting.