Delta Corp Q2 Results: Casino Firm Swings To Net Loss On One-Time Exceptional Hit, Revenue Slips 13%
Summary
Delta Corp reported a consolidated net loss of Rs 106 crore for the September quarter of FY27, reversing a net profit of Rs 25 crore in the year-ago period. The loss was driven by a one-time exceptional loss of Rs 137 crore. Revenue from operations declined 13.1% to Rs 159.34 crore, mainly due to weaker performance in the casino gaming segment. EBITDA fell 28.8% to Rs 28.4 crore, with margin contracting to 17.9%. The casino gaming segment revenue stood at Rs 151.28 crore, while hospitality revenue was Rs 7.85 crore. Profit before tax and exceptional items was Rs 21.57 crore. Shares closed at Rs 76.90, down 5.11%.
(Source:Ndtv)