Delta Corp Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for DELTACORP, BSE:532848 Delta Corp Ltd.

Delta Corp Ltd.

17 Jan 2018

90.99

1.39%

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 gained 15.19% in the last 1 Month

Delta Corp Ltd.

17 Oct 2017

90.99

1.39%

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 gained 15.19% in the last 1 Month

Is Delta Corp Ltd. worth buying?

1293 Votes:

Buy 79.58%

Sell 11.99%

Hold 8.43%