Home >Companies >Company Results >Delta Corp Q2 loss narrows to 22 crore
Listen to this article

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%.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Edit Profile
My ReadsRedeem a Gift CardLogout