Delta Corp, the casino operator, on Wednesday reported a 1.68% rise in its Q2FY24 net profit to ₹69.4 crore from ₹68.25 crore in a year ago period.
Delta Corp, the casino operator, on Wednesday reported a 1.68% rise in its Q2FY24 net profit to ₹69.4 crore from ₹68.25 crore in a year ago period.
Delta Corp share price rallied over 4% Thursday after the company reported its results for the second quarter ending September 2023. Delta Corp shares gained as much as 4.16% to ₹148.95 apiece on the BSE.
Delta Corp, the casino operator, on Wednesday reported a 1.68% rise in its Q2FY24 net profit to ₹69.4 crore from ₹68.25 crore in a year ago period.
The company's consolidated revenue during the quarter rose 0.2% to ₹270.6 crore from ₹270 crore, YoY.
Read here: Delta Corp net profit up 1.6% YoY to ₹69.4 crore profit in Q2FY24
On the operational front, the company's earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased by 0.1% to ₹100.3 crore in Q2FY24 from ₹100.4 crore in Q2FY23.
Meanwhile, the company said it was confident of a favourable outcome in the recent GST tax notice received.
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The gaming company received show cause notices from the GST department for alleged short payment of Goods and Service Tax (GST) aggregating ₹16,822.98 crore for the period from 1 July 2017 to 31 March 2022.
Delta Corp shares have declined over 24% in the last three months and more than 32% year-to-date (YTD), while the stock is down over 34% in the last one year.
At 9:40 am, Delta Corp shares were trading 2.73% higher at ₹146.90 apiece on the BSE.