Delta Corp Ltd (DELTACORP)

Delta Corp Shares Surge After SC Agrees to Hear Gaming Firms' Pleas - 15 Jul, 2024

Shares of Delta Corp surged 2.85% to Rs 144.16 on NSE after Chief Justice of India DY Chandrachud said the Supreme Court will next week hear pleas filed by gaming firms against demand notices to pay 28 percent goods and services Tax (GST) on full face value of bets.

Delta Corp Hits 52-Week High and Announces Dividend Record Date - 11 Jul, 2024

Delta Corp Ltd's stock hit a 52-week high on July 10, gaining 2.48% to reach Rs 146.41 with higher-than-average trading volumes. The company also announced that July 2 would be the record date for its final dividend.

Delta Corp Reports Disappointing Q1 Results - 10 Jul, 2024

Delta Corp's Q1FY25 revenue from the casino business fell by a quarter to Rs 169.4 crore, while consolidated net profit plummeted by 67.6% YoY to Rs 21.6 crore. The company also reported a 30% drop in Q1FY25 revenue due to higher GST rates, general elections, and seasonal factors.

Delta Corp Reports Steep Decline in Q1 Net Profit - 09 Jul, 2024

Delta Corp Ltd has reported a significant drop in its Q1FY2025 net profit and revenue, with EBITDA falling down 68.2%. The board recommended a final dividend of Rs 1.25 per share subject to approval of shareholders at the ensuing Annual General Meeting. Delta Corp also approved the appointments of Tara Subramaniam and Pankaj Razdan as Additional Directors designated as Non-Executive Independent Directors for a tenure of 5 years.

Delta Corp Stock Rises Ahead of Q1 Earnings Announcement - 08 Jul, 2024

Shares of Delta Corp Ltd rose by 7.74% to close at Rs 147.95 on July 8, a day before the company announced its Q1 FY25 earnings. The gaming and hospitality firm had reported a net profit of Rs 72.4 crore in the previous quarter, up 41.5%. However, revenue from operations declined 9% YoY to Rs 194.8 crore. The stock has gained over 20% in the past month but is down 41% in the last year.

Delta Corp Shares Surge on GST Relief Speculations - 19 Jun, 2024

Delta Corp's share prices surged up to 17% due to speculation about the GST Council reviewing its decision to impose a 28% tax on online gaming services. Reports suggest that an amendment to the CGST Act may resolve the issue of retrospective taxation, potentially offering relief. Investors are optimistic about regulatory relief and await the outcome of the upcoming GST Council meeting on June 22.

Delta Corp Shares May Surge on Potential GST Cut - 17 Jun, 2024

Delta Corp shares are expected to benefit from a potential GST cut, which could enhance profitability and lead to a surge in buying post-budget presentation. Experts predict that once the stock breaches the ₹160 hurdle, it may reach ₹205 per share in the next six months.