Delta Corp gains post Q1 results

The stock was up 8% to Rs 84 after the company reported a net profit of Rs 10 lakh in the June quarter against a loss of Rs 20 crore in the year-ago quarter.

Shares of Delta Corp have rallied 8% to Rs 84 on the BSE in early morning trades after the company posted a consolidated net profit at Rs 10 lakh for the quarter ended June 2015 (Q1) against a loss of Rs 20 crore in the year-ago quarter.

Total income from operations rose 45% to Rs 81 crore in the reporting quarter from Rs 56 crore in the corresponding quarter of previous fiscal.

The company’s casino gaming division has posted PBIT (profit before interest and tax) of Rs 22.17 crore in the June quarter against Rs 6.32 crore in the previous year's corresponding quarter.

The stock opened at Rs 83 and hit a high of Rs 85 on the BSE. Till 09:26 AM, a combined 3.23 million shares changed hands on the counter on the BSE and NSE.