Delta Corp Share Price Tumbles Nearly 4 pc In Early Trade: Here's Why

Delta Corp Share Price: The stock price of Delta Corporation has dropped nearly 4 per cent in the early trading.
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Delta Corp Share Price Tumbles Nearly 4 pc In Early Trade: Here's Why

Delta Corp's share price dropped by over 4 per cent in early trading on Wednesday, July 10, after the gaming and hospitality company announced weak Q1 results. The quarter results shows a significant drop in net profit.

Delta Corp's Share Price

The shares opened at Rs 136.10 each on the BSE, a 4.7 per cent decrease from the previous close of Rs 142.85.

Delta Corp Q1 FY 25 Results: Consolidated Net Profit

In the first quarter of FY25, Delta Corp's consolidated net profit fell by 67.6 per cent to Rs 21.68 crore, compared to Rs 68 crore in the same period last year.

Delta Corp Q1 FY25 Results: Revenue From Operations

The company's revenue from operations also declined by 30 per cent, dropping to Rs 181 crore from Rs 259 crore year-on-year.

Delta Corp Q1 FY25: EBITDA

At the operational level, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) in the June quarter decreased by 68.2 per cent to Rs 30.5 crore, down from Rs 95.8 crore a year ago.

Delta Corp Q1 FY25: EBITDA Margin

The EBITDA margin shrank significantly to 16.9 per cent from 36.9 per cent year-on-year.

Delta Corp: Final Dividend

Despite these challenges, the company’s board recommended a final dividend of Rs 1.25 per share.
Appointments Of Additional Directors
Additionally, Delta Corp’s board approved the appointments of Tara Subramaniam and Pankaj Razdan as Additional Directors, designated as Non-Executive Independent Directors, for a five-year term.
Delta Corp: Share Price
Delta Corp’s share price has experienced a rally recently, with the stock up more than 18 per cent in the past month. However, over the past year, Delta Corp shares have dropped by more than 41 per cent. At 9:20 am, Delta Corp shares were trading 1.47 per cent lower at Rs 140.75 each on the BSE.
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