Delta Corp share price slumps over 4% on weak Q1 results; net profit dives 68% YoY

  • Delta Corp share price fell over 4% after its consolidated net profit in the first quarter of FY25 declined 67.6% to 21.68 crore from 68 crore in the year-ago period.

Ankit Gohel
Published10 Jul 2024, 09:24 AM IST
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Delta Corp share price slumps over 4% on weak Q1 results; net profit dives 68% YoY
Delta Corp share price slumps over 4% on weak Q1 results; net profit dives 68% YoY(Image: Pixabay)

Delta Corp share price plunged over 4% in the opening trade on Wednesday after the gaming and hospitality company reported weak Q1 results with a sharp drop in net profit. Delta Corp shares opened 4.7% lower at 136.10 apiece on the BSE as against previous close of 142.85 per share.

Delta Corp’ consolidated net profit in the first quarter of FY25 declined 67.6% to 21.68 crore from 68 crore in the year-ago period. The company’s revenue from operations in Q1FY25 also fell 30% to 181 crore from 259 , year-on-year (YoY).

Also Read | Singapore stock benchmark heads for 2018 high on earnings hopes

At the operational level, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) during the June quarter decreased 68.2% to 30.5 crore as against 95.8 crore a year ago. EBITDA margin contracted sharply to 16.9% from 36.9% YoY.

The company’s board also recommended a final dividend of 1.25 per share.

Delta Corp’s board approved the appointments of Tara Subramaniam and Pankaj Razdan as Additional Directors designated as Non-Executive Independent Directors for a tenure of 5 years.

Also Read | Reliance Jio’s new ’true unlimited upgrade’ add-on plans aim to quell user fury

Delta Corp share price has seen a rally recently as the stock is up more than 18% in the past one month. However, Delta Corp shares are down over 41% in the past one year.

At 9:20 am, Delta Corp shares were trading 1.47% lower at 140.75 apiece on the BSE.

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News in Numbers

Numbers that help you understand news better
$13 B

26%

4.47 M

70%

₹70,936 Cr

$13 B

26%

4.47 M

70%

18

₹70,936 Cr

58

100

$81 M

₹3,000 Cr

₹15,399 Cr

₹1.28 T

4,275 Kms

First Published:10 Jul 2024, 09:24 AM IST
HomeMarketsStock MarketsDelta Corp share price slumps over 4% on weak Q1 results; net profit dives 68% YoY

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