Rough Ride for Delta Corp: Q1 Results Disappoint  

Key Results at a Glance 

Net profit plunged 68% year-on-year to Rs 22 crore. Revenue dropped 30% to Rs 181 crore.

Delta Corp's Q1 results saw a steep decline in both profit and revenue.

Deep Dive into Profit Decline 

This decline indicates a tough financial period, possibly due to the GST Council not providing expected relief on online gaming taxes.

Delta Corp's profit plunged by 68% YoY, dropping from Rs 68 crore in Q1 FY24 to Rs 22 crore in Q1 FY25. 

Financials Under Pressure 

EBITDA fell a substantial 68.2% year-on-year, and the EBITDA margin also shrunk significantly 

The company's EBITDA, a measure of profitability before accounting charges, mirrored the downward trend. 

Delta Corp Announces Dividend & Board Reshuffle 

The company also appointed Tara Subramaniam and Pankaj Razdan as additional non-executive independent directors.  

Delta Corp announced a final dividend of Rs 1.25 per share, subject to shareholder approval. 

Market Reaction

 Initially, the stock dipped around 4%. However, the day ended with a turnaround, with the share price surging 2.48%. 

Delta Corp's share price experienced a rollercoaster ride following the Q1 results announcement.

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