Delta Corp Limited has informed the Exchange regarding Board meeting held on August 04, 2025.
DELTACORP · price
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Delta Corp's board met on August 4, 2025 and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) on both standalone and consolidated basis. Standalone revenue from operations fell to ₹130.90 Cr from ₹142.63 Cr YoY, with net profit dropping sharply to ₹25.84 Cr from ₹40.48 Cr, and EPS at ₹0.97 versus ₹1.51. On a consolidated basis, revenue from continuing operations inched up to ₹184.17 Cr from ₹178.01 Cr YoY, supported by the Casino Gaming division (₹172.71 Cr vs ₹166.37 Cr), but net profit from continuing operations declined to ₹29.46 Cr from ₹35.20 Cr. The board fixed August 8, 2025 as the record date for the final dividend of ₹1.25 per share (subject to AGM approval) and scheduled the 34th AGM for September 11, 2025 via video conferencing. It also approved amendments to the ESARP-2019 employee stock appreciation rights plan to expand per-employee and aggregate grants, subject to shareholder approval. The auditor's review highlighted ongoing GST litigation with show cause notices aggregating ₹23,207.30 Crores, though management expressed confidence in a favorable outcome.
Weak Q1 standalone performance with significant profit decline and higher litigation costs is a negative signal, though consolidated casino gaming revenue growth provides some cushion. The large GST tax demand remains a key overhang, but management's stance of no provisioning suggests they view the risk as remote.