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

84.55

-4.37%

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 -29.52% in the last 6 Months

Delta Corp Ltd.

17 Oct 2017

84.55

-4.37%

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 -29.52% in the last 6 Months

Is Delta Corp Ltd. worth buying?

1292 Votes:

Buy 79.64%

Sell 12.0%

Hold 8.36%