Delta Corp’s share price dropped over 4% in early trading on Wednesday after the company reported weak Q1 results. The stock opened at ₹136.10, down from ₹142.85 per share.
In Q1 FY25, Delta Corp’s consolidated net profit fell by 67.6% to ₹21.68 crore, compared to ₹68 crore in the same period last year. Revenue from operations also decreased by 30% to ₹181 crore from ₹259 crore YoY.
The company’s EBITDA dropped 68.2% to ₹30.5 crore from ₹95.8 crore a year ago, with the EBITDA margin shrinking to 16.9% from 36.9%.
The board recommended a final dividend of ₹1.25 per share and approved the appointments of Tara Subramaniam and Pankaj Razdan as Non-Executive Independent Directors for five years.
Despite a recent 18% rally in the past month, Delta Corp shares are down over 41% in the past year. As of 9:20 am, the shares were trading 1.47% lower at ₹140.75 on the BSE.
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