Delta Corp drops on reporting reverse turnaround in Q2 results

Delta Corp dropped 3.63% to Rs 87.70 at 11:05 IST on BSE after the company reported a consolidated net loss of Rs 3.55 crore in Q2 September 2014 compared to consolidated net profit of Rs 5.52 crore in Q2 September 2013.

The company announced Q2 results after market hours on Thursday, 16 October 2014.

Meanwhile, the BSE Sensex was down 13.18 points or 0.05% at 25,985.15.

On BSE, so far 4.64 lakh shares were traded in the counter, compared with an average volume of 7.54 lakh shares in the past one quarter.

The stock hit a high of Rs 90.10 and a low of Rs 86.45 so far during the day. The stock hit a 52-week high of Rs 127.70 on 7 January 2014. The stock hit a 52-week low of Rs 73.60 on 23 October 2013.

The stock had outperformed the market over the past one month till 16 October 2014, rising 4.18% compared with 1.86% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 5.63% as against Sensex's 1.76% rise.

The mid-cap company has an equity capital of Rs 22.98 crore. Face value per share is Re 1.

Delta Corp's total income declined 47.48% to Rs 76.29 crore in Q2 September 2014 over Q2 September 2013.

Delta Corp possesses three out of the six issued offshore gaming licenses in the state of Goa. Delta Corp is into gaming and hospitality segment in India. Delta Corp is rapidly expanding its gaming positions in Goa and currently offers 2,000 gaming positions. Delta Corp also has recently started a first of its kind integrated casino resort in Daman.

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