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13 Feb 2021 faisan

Delta Corp consolidated net profit down by 97.68% in Dec 2020 quarter

The Delta Corp Limited, an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands, has suffered a decline of 97.68% in the final quarter of the 2020 as the Sales decline 41.10% to ₹120.82 crore.

In October 2020, Delta Corp subsidiary, Delta Pleasure Cruise Company, acquired up to 45% stake in Waterways Shipyard as a boost to the company profile. However, according to Business Insider and Capital Market publication, the net profit of the company declined by 97.68% to Rs 1.28 crore in the quarter ended December 2020 as against Rs 55.07 crore during the previous quarter ended December 2019.

The figure states that sales declined 41.10% to Rs 120.82 crore in the quarter, with a net reduction of around 85 Crore as compared to the previous valuation in December 2019.

As a matter of fact, in the quarter ended September 2020, the Net loss of Delta Corp reported to Rs 54.91 crore with the sales declining by 80.90% to Rs 38.37 crore as compared to the previous year's analytics.

In the context of this, it is worth mentioning that Delta Corp is the only listed company engaged in the casino gaming industry in India.

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