Delta Corp dips post Q3 results

The stock dipped 5% to Rs 129 on the BSE in intra-day trade.

Delta Corp has dipped 5% to Rs 129 on the BSE in intra-day trade after the company reported 69% decline in its consolidated net profit at Rs 10 crore for the third quarter ended December 31, 2016 (Q3FY17) on sequential basis. The company had posted profit of Rs 32 crore in September 2016 quarter and Rs 7 crore in December 2015 quarter.

Income from operations of the company during the quarter under review decreased 22% to Rs 104 crore in Q3FY17 against Rs 134 crore in Q2FY17. It had operational income of Rs 99 crore in the same quarter