Delta Corp Ltd Share Price – NSE /  BSE

Miscellaneous, Small Cap

The company’s Hospitality and Real Estate Business engaged in providing hospitality services and development and dealing in real estate properties, including associated assets and liabilities. Its turnover was Rs 4.57 crore in FY24.

Proposed demerger will be expected to provide better flexibility in accessing capital and attract business specific partners and investors, focused management approach for pursuing revenue growth and expansion opportunities in the respective business verticals and unlock the value and create enhanced value for shareholders and allow a focused strategy in operations.

According to the scheme of arrangement, each Delta Corp shareholder will receive 1 share of Delta Penland for every 1 share held in Delta Corp and the shares of new entity will be listed on both stock exchanges, NSE and BSE.

Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality and real estate.

The company’s consolidated net profit tumbled 68.2% to Rs 21.68 crore in Q1 FY25 as compared with Rs 68.18 crore in Q1 FY24. Revenue from operations dropped 30.32% YoY to Rs 180.65 crore in Q1 FY25.

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Delta Corp announced that the 33rd Annual General Meeting (AGM) of the company will be held on 23 August 2024.

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Revenue from operations dropped 30.32% YoY to Rs 180.65 crore in Q1 FY25.

Profit before tax (PBT) fell 65.09% to Rs 32.12 crore in the quarter ended 30 June 2024 from Rs 92.02 posted in corresponding quarter last year.

EBITDA stood at Rs 30.58 crore in Q1 FY25, registering de-growth of 68.09% as compared with Rs 95.82 crore in Q1 FY24. EBITDA margin contracted to 16.93% in Q1 FY25 from 36.96% recorded in Q1 FY24.

Revenue from Gaming operations was at Rs 169.42 crore (down 25.31% YoY), revenue from hospitality business was at Rs 12.34 crore (down 17.24% YoY) However, revenue from online skill gaming operations stood at Rs 36.55 crore (up 0.22% YoY) during the period under review.

Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality and real estate.

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Net profit of Delta Corp declined 68.08% to Rs 21.68 crore in the quarter ended June 2024 as against Rs 67.91 crore during the previous quarter ended June 2023. Sales declined 33.78% to Rs 180.65 crore in the quarter ended June 2024 as against Rs 272.80 crore during the previous quarter ended June 2023.

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