Delta Corp Ltd. News and Updates

Name: Latest research reports of Delta Corp Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: Delta Corp Ltd.
Rating: 5
Author: Emkay

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Delta Corp Ltd.

02 Apr 2018

79.33

0.38%

DELTA stock is down 20% since the Goa government increased license fees last week (down 4...

Buy: Delta Corp Ltd.

Emkay

DELTA stock is down 20% since the Goa government increased license fees last week (down 40% from Jan' 18 peak levels). In our view, this correction is overdone as DELTA is the dominant Casino operator in Goa and will be least impacted from license fees hike. DELTA operates 4 casinos is Goa with overall EBITDA margins of 40%. The company...

Number of FII/FPI investors increased from 53 to 60 in Jun 2025 qtr.

Delta Corp Ltd.

28 Mar 2018

79.33

0.38%

Delta Corp: Annual fee hike may prompt DELTA to shuffle its cards

Buy: Delta Corp Ltd.

Target

Motilal Oswal

Delta Corp (DELTA) operates three floating casinos (Deltin Royale, Deltin Jaqkand Deltin Caravela) and one onshore casino (Deltin Casino- part of Deltin Suites) in Goa. Deltin Royale and Deltin Jaqk are DELTA's major casinos with vessel passenger capacity of 200-400. Deltin Caravela and Deltin Casino are relatively small with passenger capacity of 200 or less. DELTA incurs INR370m as license fee to operate the four aforementioned casinos. However, the outlay for the four licenses would increase to INR1,050m once the revised fee structure becomes effective. We believe the increased license fee would have a significant impact on Deltin Caravela and Deltin Suites, as they operate on a relatively small scale(accounting for 6% of DELTA's overall revenue for FY19E). This would likely make it unfeasible for DELTA to operate these two casinos.

Delta Corp Ltd. has lost -35.53% in the last 1 Year

Delta Corp Ltd.

22 Jan 2018

79.33

0.38%

Delta Corp (350.2)

Business Line

The outlook for the stock of Delta Corp is bullish. The stock surged 4 per cent on Monday breaking above a key near-term resistance levels of 337 and 342. It also made a new high of 351.95 and...

Delta Corp Ltd. has lost -35.53% in the last 1 Year

Today's Pick (Tamil): Delta Corp

Business Line | 22 Jan 2018 1 more

Delta Corp Ltd.

17 Jan 2018

79.33

0.38%

Delta Corp: Robust performance; earnings drivers intact

Buy: Delta Corp Ltd.

Target

Motilal Oswal

DELTA's revenue increased 56.6% YoY to INR1,622m (est. INR1,502m) in 3QFY18. EBITDA margin expanded 1,220bp YoY to 42.4% (est. of 45%), but was still slightly off from the sustainable high, as the quarter witnessed one-off advertisement expense of ~INR80m on account of World Poker Tour and World Gaming Festival organized by the company. EBITDA grew 119.5% YoY to INR687m (est. INR676m). Consequently, adjusted PAT rose 327.8% YoY to INR447m (est. INR433m) in 3QFY18. Casino gaming revenue grew 73% YoY to INR1,560m, whereas Hospitality revenue rose 28% YoY to INR233m. Online gaming revenue stood at INR284m.

Delta Corp Ltd. has lost -35.53% in the last 1 Year

Delta Corp Ltd.

16 Jan 2018

79.33

0.38%

Delta Corp scales all-time high on solid Q3 results

Economic Times

Its revenue for the third quarter of 2017-18 grew by nearly 57% YoY to Rs 162.2 crore .

Delta Corp Ltd. is trading below all available SMAs

Delta Corp Ltd.

17 Oct 2017

79.33

0.38%

Delta Corp: Multiple earnings drivers in place

Buy: Delta Corp Ltd.

Target

Motilal Oswal

Results in-line (GST-adjusted): Revenue grew 8.2% YoY to INR1,453m (est. of INR1,800m) in 2QFY18. EBITDA margin expanded 290bp YoY to 45.1% (est. of 38%), while EBITDA grew 15.6% YoY to INR655m (est. of INR684m). Consequently, adjusted PAT rose 34% YoY to INR433m (est. of INR413m) in 2QFY18. Casino gaming revenue grew by 17% YoY to INR1,450m and hospitality revenue by 19% to INR188m. Online gaming revenues stood at INR241m. GST of INR351m was netted off from gross revenue in the reported result. Consequently, revenue growth appears subdued and...

Delta Corp Ltd. has lost -35.53% in the last 1 Year

Delta Corp Ltd.

23 Aug 2017

79.33

0.38%

Delta Corp (182)

Business Line

The stock of Delta Corp jumped 5.5 per cent with above-average volume on Wednesday, decisively breaking above a key resistance level of 175. Since the December 2016 low of 94.8, the stock has been...