Delta Corp share fell over 4% on poor Q1 results

Following the company’s poor results for the quarter ending in June (Q1FY25), which were due to higher GST rates, general elections and seasonal factors, shares of Delta Corp dropped by 4 percent to Rs 136 per share on July 10.

In Q1FY25, the company’s overall net profit fell by 67.6% YoY to Rs 21.6 crore from Rs 68 crore during the same time last year. Additionally, operating revenue fell by 30% YoY to Rs 181 crore in the quarter that ended in June compared to Rs 259 crore in the same period last year.

Delta Corp’s earnings dropped almost half from Rs 86.88 crore reported in the prior quarter on a sequential basis. In the meantime, revenue increased from Rs 128 crore in the December quarter.

In Q1FY25, Delta Corp’s operating profits before interest, tax, depreciation and amortization (EBITDA) decreased by 68.2 percent year over year to Rs 30.5 crore from Rs 95.8 crore in the same period the previous year. The firm’s EBITDA margin also fell significantly to 16.9 percent in Q1FY25, from 36.9 percent in Q1FY24.

As of 11:37 am, Delta Corp shares were trading 4.21% lower at ₹136.80 on the NSE.

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