Delta Corp gains 8% post September quarter results

The stock was up 8% to Rs 245 on the BSE in intra-day trade on back of heavy volumes after the company reported 11% YoY growth in its consolidated net profit at Rs 481 million in Q2FY19.

Shares of Delta Corp rallied 8% to Rs 245 on the BSE in intra-day trade on back of heavy volumes after the company reported 11% year on year (YoY) growth in its consolidated net profit at Rs 481 million in September quarter (Q2FY19). It had a profit of Rs 433 million in the same quarter a year ago.

The company’s revenue grew 39% at Rs 2,014 million on YoY basis. EBITDA margin shrank 720bp YoY to 38% YoY on account of contraction in the online gaming margin.

“The Goa government in the current period has notified revised license