Delta Corp Q2 loss narrows to ₹22 crore1 min read . Updated: 11 Oct 2021, 07:25 PM IST
- Delta Corp Q2 results: Net sales of the company nearly doubled to ₹74 crore.
- On Monday, Delta Corp stock closed flat at 272.55 on NSE
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Delta Corp on Monday reported a consolidated net loss of ₹22 crore for the September quarter (Q2FY22).
The loss is narrower when compared with ₹55 crore in the year-ago period (Q2FY21) and ₹29 crore in the pervious June quarter (Q1FY22).
Net sales of the company nearly doubled to ₹74 crore. The figure stood at ₹38 crore in the same quarter a year earlier.
On a sequential basis, net sales declined 1.5% from ₹75.87 crore in the June quarter.
The income from gaming operations fell marginally to ₹40.05 crore quarter-on-quarter. It was ₹41.43 crore in the June quarter. However, the sales from hospitality and other operations rose to ₹12.53 crore from ₹9.83 crore in the previous quarter.
Meanwhile, the company's earnings before interest, tax, depreciation and amortisation (EBITDA) loss stood at ₹19 cr as against loss of ₹45.1 crore in the last year period.
On Monday, Delta Corp's scrip closed flat at 272.55 on NSE. Since the start of 2021, the shares have risen 68.45%.
Delta Corp is an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands.
Ace Investor Rakesh Jhunjhuwala and his wife Rekha Jhunjhunwala have investments in Delta Corp. As per the shareholding pattern of this hospitality and gaming company for April to June 2021 period, Rakesh Jhunjhunwala holds 1.15 crore Delta Corp shares, which is around 4.31% stake while Rekha Jhunjhunwala holds 85 lakh Delta Corp shares, which is near 3.19%.
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