Latest news with #DeltaCorp
Business Upturn
11 hours ago
- Business
- Business Upturn
Why are Delta Corp shares up 14% today? Explained
Delta Corp shares jumped 14% today after the Union Cabinet approved an amended Gaming Bill, which is scheduled to be introduced in Parliament tomorrow. The bill aims to regulate online gaming and includes penalties for illegal betting activities, signaling the government's intent to tighten oversight in the fast-growing sector. According to CNN News18, the proposed legislation will bring stricter compliance requirements for operators of real-money and betting-linked platforms. Market experts are closely watching how these rules could affect revenue models for listed and unlisted gaming companies. Delta Corp shares saw strong trading activity today, moving between a low of ₹82.84 and a high of ₹96. The stock opened at ₹83.63, slightly above yesterday's close of ₹83.50. Over the past 52 weeks, Delta Corp has traded as low as ₹76.66 and reached a high of ₹142.18. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
05-08-2025
- Business
- Business Upturn
Why are Delta Corp shares down 4% today? Details here
Delta Corp shares fell sharply by around 4% after the Centre, during a Supreme Court hearing, argued that online gaming companies should be treated as 'suppliers' under GST law, as reported by Moneycontrol. The government began presenting its rejoinder to arguments made by the gaming companies, focusing on two key points — the classification of these firms under Section 2(105) of the CGST Act and the issue of HSN codes. The Centre stated that online gaming platforms qualify as 'suppliers of goods and services,' which makes them 'taxable persons' under the GST regime. It also rejected the argument that payment of GST is contingent on the existence of an HSN (Harmonized System of Nomenclature) Code for the services provided. Delta Corp, which has exposure to the gaming sector through its online and casino operations, saw its stock decline in reaction to the developments. Delta Corp shares traded between ₹82.00 and ₹87.97 today, showing intraday volatility. The stock opened at ₹86.50, slightly lower than the previous close of ₹85.86. It remains above its 52-week low of ₹76.66 but well below the 52-week high of ₹142.18. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
05-08-2025
- Business
- Business Standard
Delta Corp gains after Q1 PAT climbs 36% YoY to Rs 29 cr
Delta Corp advanced 1.54% to Rs 87.14 after the company's consolidated net profit jumped 35.89% to Rs 29.46 crore on 3.5% increase in revenue from operations to Rs 184.17 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) fell 19.31% to Rs 37.57 crore in Q1 FY26 compared with Rs 46.56 crore in Q1 FY24. Total expenses increased 9.65% to Rs 158.27 crore in Q1 FY26, compared with Rs 144.34 crore in Q1 FY25. Cost of material consumed stood at Rs 14.22 crore (down 5.89% YoY), employee benefit expenses was at Rs 40.01 crore (up 14.51% YoY), license fees & registration charges stood at Rs 30.23 crore (down 0.36% YoY) during the period under review On the segmental front, revenue from the casino gaming division jumped 3.81% YoY to Rs 172.71 crore in Q1 FY26, while revenue from the hospitality division fell 2.76% YoY to Rs 12 crore during the quarter. Meanwhile, the board of directors of the companys subsidiary, Delta Penland, has approved the acquisition of a hotel comprising 107 rooms in Alibagh, Maharashtra spread over approximately 2,239 square meter area. Delta Corp is the only listed company engaged in the casino (live, electronic, and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality, and real estate.
Business Standard
05-08-2025
- Business
- Business Standard
Delta Corp consolidated net profit rises 35.89% in the June 2025 quarter
Sales rise 3.46% to Rs 184.17 crore Net profit of Delta Corp rose 35.89% to Rs 29.46 crore in the quarter ended June 2025 as against Rs 21.68 crore during the previous quarter ended June 2024. Sales rose 3.46% to Rs 184.17 crore in the quarter ended June 2025 as against Rs 178.01 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 184.17178.01 3 OPM % 21.2326.59 - PBDT 50.1359.33 -16 PBT 37.9547.18 -20 NP 29.4621.68 36
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Business Standard
10-07-2025
- Business
- Business Standard
This smallcap realty stock jumped 9% after acquiring 2 prime land parcels
Peninsula Land share price jumped 9.2 per cent, logging an intraday high at ₹39.5 per share on Thursday. At 10:23 AM, Peninsula Land shares were up 7.47 per cent at ₹38.86 per share on the BSE. In comparison, the BSE Sensex was down 0.22 per cent at 83,353.69. The company's market capitalisation stood at ₹1,259.07 crore. Its 52-week high was at ₹71.49 per share and 52-week low was at ₹21.05 per share. Why are Peninsula Land shares rising in trade? The buying on the counter came after the company announced acquiring two prime land parcels in Sogaon, Alibaug (11 acres) and Bhilawale, Karjat (29 acres). The company had recently set up an ₹765 crore Real Estate development platform through an equity partnership with investors, Alpha Alternatives and Delta Corp. A joint venture agreement (JVA) was formed on June 24, 2024, to create a real estate platform in partnership with Alpha Alternatives Special Situations Fund and Delta Corp Limited. As part of this platform, a special purpose entity—Prairie Real Estate LLP—has acquired around 11 acres of land in Sogaon, Alibaug, for a proposed premium plotted development project. This is the second such acquisition under the JVA, following earlier deals totalling approximately 32 acres in Bhilavale, Karjat. So far, the JVA partners have committed approximately ₹216 crore to these real estate projects. These developments, along with others planned under the JVA, are expected to support the company's long-term growth. The upcoming projects in Alibaug and Karjat are poised to offer buyers more than just land. Designed as premium plotted communities, they will feature modern infrastructure, curated amenities, and a secure living environment—elements rarely seen in standalone land transactions. These plots are targeted toward investors, second-home buyers, and urban families seeking a long-term lifestyle upgrade or a luxury getaway Further, in the past, the company launched AshokVann in Pune in 2023, offering 321 plots, followed by AshokVistas in 2025, which featured 125 plots and received an overwhelming response—with nearly all inventory sold out on Day 1. In addition to Pune, Peninsula Land has its plotted land portfolio across Nashik, Goa, and Lonavala, reinforcing its commitment to developing high-potential land destinations that align with lifestyle aspirations and future growth corridors.
