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Delta Corp Q2 FY27 results: net loss of ₹106.68 crore vs ₹54.56 crore profit, revenue down 56.6%
Delta Corp Limited reported consolidated revenue of ₹159.34 crore in Q2 FY27, down 56.6% from ₹366.93 crore in the year-ago quarter, and a net loss of ₹106.68 crore versus a net profit of ₹54.56 crore. EBITDA was ₹28.72 crore, with an 18.0% margin, while basic EPS was negative ₹3.97.
Key points
- Consolidated revenue was ₹159.34 crore, down ₹207.59 crore or 56.6% from Q2 FY26 and down ₹9.21 crore or 5.5% from Q1 FY27.
- EBITDA was ₹28.72 crore, down ₹50.03 crore or 63.5% from Q2 FY26; the EBITDA margin fell 3.5 percentage points to 18.0%.
- Delta Corp reported a net loss of ₹106.68 crore in Q2 FY27, against a net profit of ₹54.56 crore in Q2 FY26; basic EPS was negative ₹3.97.
- A ₹136.92 crore exceptional charge weighed on the quarter, while other income fell ₹14.88 crore to ₹4.71 crore.
- Total assets were ₹2,686.92 crore as on 30 September 2026, and total equity was ₹1,918.99 crore.
How did Delta Corp perform in Q2 FY27?
Delta Corp’s consolidated revenue was ₹159.34 crore in Q2 FY27, down ₹207.59 crore or 56.6% from ₹366.93 crore in Q2 FY26. It was also down ₹9.21 crore or 5.5% from ₹168.55 crore in Q1 FY27. EBITDA fell to ₹28.72 crore from ₹78.75 crore a year earlier and ₹30.71 crore in the previous quarter; the margin was 18.0%, compared with 21.5% and 18.2%.
The company reported a net loss of ₹106.68 crore in Q2 FY27, against a net profit of ₹54.56 crore in Q2 FY26 and a net loss of ₹212.57 crore in Q1 FY27. Basic EPS was negative ₹3.97, compared with ₹2.04 and negative ₹7.93, respectively. On the standalone basis, revenue was ₹126.94 crore and the company reported a net loss of ₹80.02 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 159.34 | 168.55 | 366.93 | −56.6% | −5.5% |
| Other income | 4.71 | 9.59 | 19.59 | −76.0% | −50.9% |
| Total expenses | 142.48 | 150.40 | 314.26 | −54.7% | −5.3% |
| EBITDA | 28.72 | 30.71 | 78.75 | −63.5% | −6.5% |
| EBITDA margin | 18.0% | 18.2% | 21.5% | −3.5 pp | −0.2 pp |
| Profit before tax | −115.35 | −278.99 | 72.26 | turned to loss | |
| Tax | −9.28 | −67.22 | 19.05 | ||
| Net profit | −106.68 | −212.57 | 54.56 | turned to loss | |
| EPS (₹) | −3.97 | −7.93 | 2.04 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Delta Corp's costs and profit?
Total expenses fell ₹171.78 crore to ₹142.48 crore from ₹314.26 crore in Q2 FY26, while revenue declined ₹207.59 crore. Employee cost was down ₹41.30 crore to ₹41.10 crore, other expenses were down ₹99.23 crore to ₹77.28 crore, cost of materials consumed was down ₹16.99 crore to ₹12.22 crore, and depreciation fell ₹13.76 crore to ₹10.20 crore. Other income declined ₹14.88 crore to ₹4.71 crore.
Profit before tax moved from ₹72.26 crore in Q2 FY26 to a loss of ₹115.35 crore. The quarter included an exceptional charge of ₹136.92 crore, compared with no exceptional item in the year-ago quarter. The tax credit was ₹9.28 crore, compared with tax expense of ₹19.05 crore, and the filing did not state a reason for the exceptional charge.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 12.22 | 29.21 | −16.99 | −58.2% |
| Employee cost | 41.10 | 82.40 | −41.30 | −50.1% |
| Finance costs | 1.66 | 2.12 | −0.46 | −21.7% |
| Depreciation | 10.20 | 23.96 | −13.76 | −57.4% |
| Other expenses | 77.28 | 176.51 | −99.23 | −56.2% |
| Total expenses | 142.48 | 314.26 | −171.78 | −54.7% |
| Other income | 4.71 | 19.59 | −14.88 | −76.0% |
| Tax | −9.28 | 19.05 | −28.33 | |
| Exceptional items | −136.92 (charge) | none |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹2,686.92 crore as on 30 September 2026 from ₹2,574.09 crore as on 31 March 2026. Total equity fell to ₹1,918.99 crore from ₹2,251.69 crore, while cash rose to ₹152.46 crore from ₹75.7 crore. Borrowings stood at ₹30.0 crore against no borrowings at the previous balance sheet date.
In H1 FY27, operating cash flow was ₹89.94 crore, compared with ₹144.81 crore in H1 FY26. Investing cash flow was negative ₹18.44 crore against negative ₹109.71 crore, and financing cash flow was ₹6.1 crore against negative ₹48.29 crore. Capital expenditure was ₹88.1 crore, compared with ₹108.13 crore in the earlier period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 2,687 | 2,574 |
| Total equity | 1,919 | 2,252 |
| Borrowings | 30 | 0 |
| Cash and equivalents | 152.46 | 75.70 |
| Inventories | 19.08 | 19.07 |
| Trade receivables | 6.32 | 4 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 89.94 | 144.81 |
| Cash from investing | −18.44 | −109.71 |
| Cash from financing | 6.10 | −48.29 |
| Capital expenditure | 88.10 | 108.13 |
Source: Company's results filing (XBRL).
How has Delta Corp done over the last 8 quarters?
Revenue in the reported quarterly series peaked at ₹366.93 crore in Q2 FY26 and fell to ₹159.34 crore in Q2 FY27, the lowest point shown. The latest quarter was below Q1 FY27’s ₹168.55 crore. EBITDA margin reached 23.3% in Q4 FY25 and was 18.0% in Q2 FY27.
Net profit moved from a profit of ₹164.56 crore in Q4 FY25 to a loss of ₹106.68 crore in Q2 FY27, which was the lowest quarterly figure shown. The loss narrowed from ₹212.57 crore in Q1 FY27, while the EBITDA margin eased from 18.2% to 18.0%.
Which businesses drove the quarter?
Casino Gaming reported consolidated revenue of ₹151.28 crore in Q2 FY27 and EBIT of ₹26.67 crore, with an EBIT margin of 17.6%. The company did not provide the year-ago segment revenue, EBIT or growth figures, so a comparison with Q2 FY26 could not be stated. The segment accounted for most of the reported consolidated revenue.
Hospitality reported revenue of ₹7.85 crore and EBIT of negative ₹4.54 crore, with an EBIT margin of negative 57.8%. Others reported revenue of ₹0.41 crore and EBIT of negative ₹0.49 crore, with an EBIT margin of negative 119.5%. Year-ago revenue, EBIT and growth figures were not provided for either segment.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Casino Gaming | 151.28 | 26.67 | 17.6% | |
| Hospitality | 7.85 | −4.54 | -57.8% | |
| Others | 0.41 | −0.49 | -119.5% |
Source: Company's results filing (XBRL segment data).
How did Delta Corp shares react?
The filing was released after market hours. From the price when it appeared, the stock was up 3.8% after five minutes, 3.3% after 15 minutes and 1.9% after 30 minutes. On the reaction day, it closed 4.6% below the previous close, compared with a 1.7% fall for the Leisure Services industry median and a 2.6% fall for the Nifty Microcap 250.
By the next day’s close, the stock was down 1.1% from its pre-results close, against a 2.0% fall for the industry median and a 3.6% fall for the Nifty Microcap 250. By the fifth session’s close, it was down 8.5%, compared with a 2.7% fall for the industry median and a 3.8% fall for the Nifty Microcap 250. Earlier reaction-day moves were negative on most listed results dates, including 3.7% on 11 August 2026 and 3.8% on 15 January 2026.
| After the filing | Stock | Leisure Services median |
|---|---|---|
| 5 minutes | +3.8% | |
| 15 minutes | +3.3% | |
| 30 minutes | +1.9% | |
| Reaction day | −4.6% | −1.7% |
| Next day | −1.1% | −2.0% |
| 5 days | −8.5% | −2.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 11 August 2026 | −3.7% |
| 15 April 2026 | +0.0% |
| 15 January 2026 | −3.8% |
| 15 October 2025 | −0.4% |
| 4 August 2025 | −2.1% |
| 13 January 2025 | +0.1% |
| 6 November 2024 | −1.1% |
| 9 July 2024 | +2.1% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Delta Corp's revenue in Q2 FY27?
Revenue from operations was ₹159.34 crore, down 56.6% from ₹366.93 crore in Q2 FY26 (consolidated).
Did Delta Corp make a profit in Q2 FY27?
No. It reported a net loss of ₹106.68 crore, against a net profit of ₹54.56 crore in Q2 FY26.
What was Delta Corp's EPS in Q2 FY27?
Basic loss per share was ₹3.97, against ₹2.04 in Q2 FY26.
How did Delta Corp shares react to the Q2 FY27 results?
On the reaction day the stock moved −4.6% from the previous close; the median Leisure Services stock moved −1.7%.
When did Delta Corp announce its Q2 FY27 results?
On 19 October 2026, in a filing to the NSE.
Sources
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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