
Shares of Delta Corp Ltd fell over 4% today, trading at ₹114.92, as the company prepares to announce its Q3FY25 results. Investor sentiment appears cautious amid recent developments impacting the gaming and casino company.
Recent Developments:
Earlier this week, Delta Corp shares surged over 7% after the Supreme Court agreed to hear the online gaming industry’s pleas against GST show cause notices. The Directorate General of GST Intelligence (DGGI) has issued tax demands of ₹1.12 lakh crore to 71 online gaming companies. Including penalties, the total demand could rise to ₹2.3 lakh crore, creating significant pressure on the sector.
Q2FY25 Highlights:
- Net Profit: Delta Corp reported a sharp 61% YoY decline in consolidated net profit for the September 2024 quarter, posting ₹27 crore compared to ₹69 crore in the same period last year.
- The company continues to face headwinds in both its casino and online gaming businesses, further exacerbated by regulatory challenges.
Delta Corp Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Jan 10 2025
|
₹114.45
|
₹118.93
|
|
Thu, Jan 9 2025
|
₹113.80
|
₹113.30
|
-0.37%
|
Wed, Jan 8 2025
|
₹110.80
|
₹113.72
|
|
Tue, Jan 7 2025
|
₹109.07
|
₹109.62
|
|
Mon, Jan 6 2025
|
₹113.28
|
₹109.22
|
-3.29%
|
Fri, Jan 3 2025
|
₹113.00
|
₹112.94
|
|
Thu, Jan 2 2025
|
₹111.90
|
₹112.56
|
|
Wed, Jan 1 2025
|
₹110.93
|
₹111.90
|
|
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