Delta Corp shares surge 4% post Q2

Shares of online gaming company Delta Corp were in focus on Thursday, a day after the company reported 1.6% growth in its consolidated net profit at ₹69.4 crore for the July to September quarter of FY24 as against ₹68.3 crore in the same period last year. On Thursday, the share price of the company surged as much as 4.16% to hit an intraday high of ₹148.95 apiece on the BSE.

During the session on Thursday, the share price of the casino operator opened at ₹143, up 0.69%, as against the closing price of the previous session at ₹144. At the time of reporting, shares of the company were trading 0.38% at ₹143.55. At present, the share price of the company is trading 44.7% lower than the 52-week high of ₹259.95, hit on June 28 this year. The share price of the company is trading  7.77% higher than the 52-week low of ₹133.10, touched on September 29 this year. During the session, the company’s market capitalisation stood at ₹3,845.19 crore, with more than 7.76 lakh shares exchanging hands on the BSE as against the two-week average of 8.40 lakh shares.

During the period under review, the company’s income from gaming operations stood at ₹283.07 crore, up 3.4%, as against ₹273.66 crore in the same period last year. The company’s revenue in the September quarter stood at ₹270.59 crore, up 0.2%, as against ₹269.97 crore in the same period last year. The company’s total expenses stood at ₹190.20, up 2.12%, as against ₹186.83 crore in the same period last year.

On a sequential basis, the company’s profit was up 2.1% as against ₹67.91 crore in the same period last year.

Delta Corp also appointed Anil Malani as the president and chief financial officer of the company. The appointment has come into effect beginning October 11, 2023.

"Manoj has been an integral part of the Delta Corp family since July 2008, holding various significant roles within the organisation, with his journey culminating in his current multifaceted role in the position of Senior Vice President. He is responsible for overseeing the overall operations of Delta Corp's major portfolio of assets, Deltin Casinos & Hotels. With over two decades of work experience, Manoj's professional journey began during the formative years of Go Airlines, where he made significant contributions to its early expansion within the Indian and overseas markets. On the academic front, he holds an MBA from ICFAI Business School and is a graduate of MDSU, Ajmer," says the company. 

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