Delta Corporation’s net sales at Rs.250.27 crore.
Delta Corp., an online casino company, reported a net sale of Rs.250.27 Cr. in Q1 FY23, up by 229.81% from Rs. 75.87 crore in June 2021. The company posted its highest ever revenue on June 22. The Quarterly Net Profit was at Rs.57.13 crore in June 2022, up 297.48% from Rs.28.93 crore in June 2021. EBITDA stands at Rs.93.56 crore in June 2022, up 550.46% from Rs.20.77 crore in June 2021. EPS increased to Rs. 2.14 in Q1FY23 from Rs. 1.08 in June 2021.
The derivative contracts for Delta Corp. have crossed 95% of MWPL and has been ban period by the stock exchange. It was explained that members can trade in the derivative contracts only to decrease their positions through offsetting them. Any increase in the number of open positions will result in appropriate penal and disciplinary action. No fresh positions were allowed for any of the F&O contracts in that particular stock when it was under the F&O ban period. As per the latest report, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together hold 90lakh shares of Delta Corporation.
The stock, after a correction, took support near Rs.160 and consolidated in the range of Rs.170–Rs.180. This gives the buyers a good opportunity to hold the stock. The decline was witnessed due to COVID-19 pandemic, lock downs, and travel restrictions which forced them to shut down their operations for several months. Meanwhile, Indian indices on Wednesday opened on a flat note due to mixed cues. The small-cap stock has fallen 5.85% in one year and lost 30.69% since the start of this year. The market cap for this company is Rs.4,777.90 Cr.
The casino company declared a dividend of Rs.1.25 per share. The stock closed at Rs.177.70 and was down by 2.40 points, or 1.33%, on Wednesday.
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