Delta Corp Shares Drop Over 6% After September Quarter Net Loss Widens To ₹106 Crore Amid GST Provision And Lower Revenue
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Delta Corp reported a consolidated net loss of ₹106.41 crore for Q2 FY27, compared with a profit of ₹25 crore a year earlier. Revenue declined 13%, while a ₹136.92 crore exceptional GST provision weighed on the results.
Delta Corp shares fell more than 6% on Wednesday as investors reacted to the casino operator’s September-quarter results, which showed a sharp swing into losses from a profit a year earlier. The company reported a consolidated net loss of ₹106.41 crore for Q2 FY27, compared with a net profit of ₹25 crore in the corresponding quarter last year.
Revenue from operations declined 13% year-on-year to ₹159.34 crore from ₹182.76 crore. Total income, including other income, also fell to ₹164.05 crore from ₹190.68 crore in the year-ago period.
The results included an exceptional provision of ₹136.92 crore linked to GST liabilities, which weighed on the company’s quarterly performance.
Delta Corp Share Price Falls Over 6%
Delta Corp shares declined over 6% to an intraday low of ₹71.61, against the previous close of ₹76.94. The stock opened at ₹74.73 and touched a high of ₹78.90 during the session.
At 1:27 PM, the Delta Corp share price stood at ₹72 apiece on the National Stock Exchange (NSE), down 6.36%.
The company said its consolidated provision for GST, including interest, stood at ₹443.65 crore as of 30 September 2026.
Delta Corp maintained that it had strong grounds to contest the entire demand relating to mixed supply and the interest on the GST demand determined under Rule 31C.
Casino Gaming Revenue Falls In Q2 FY27
The casino gaming business remained Delta Corp’s largest revenue contributor, but its performance weakened during the quarter.
Revenue from casino gaming fell to ₹151.28 crore in Q2 FY27 from ₹174.76 crore a year earlier. The segment’s result also declined to ₹26.67 crore from ₹31.11 crore in the corresponding quarter last year.
The hospitality business reported a smaller revenue decline, with revenue falling to ₹7.85 crore from ₹8.31 crore. However, the segment’s loss widened to ₹4.54 crore from ₹2.74 crore in the year-ago quarter.
Delta Corp said flooding at The Deltin, Daman, forced the property to suspend operations for 37 days during the September quarter. Normal operations resumed on August 29, 2026, affecting hospitality revenue for the period.
Delta Corp Reports ₹319 Crore Loss In First Half
The weakness in the September quarter added to the company’s losses for the first half of FY27. Delta Corp reported a consolidated net loss of ₹318.83 crore for the six months ended September 2026, compared with a net profit of ₹54.56 crore in the corresponding period last year.
Revenue from operations for the first half declined to ₹327.89 crore from ₹366.93 crore a year earlier.
The latest results reflect pressure on revenue across Delta Corp’s key businesses, alongside the exceptional GST provision and the disruption to operations at its Daman hospitality property.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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