Delta Corp shares are in the spotlight today following a significant 67.6% drop in consolidated net profit for Q1 2024, falling to Rs 21.68 crore from Rs 68 crore in the same period last year. The net profit also saw a 69% decline from Rs 72 crore in Q4FY24. Revenue from operations decreased by 30% to Rs 181 crore from Rs 259 crore last year.
On Tuesday, Delta Corp shares closed 1.38% lower at Rs 142.85 on the BSE. The company's market cap dropped to Rs 3,825.11 crore, with a total turnover of Rs 13.03 crore from 8.96 lakh shares traded. Over the past year, the stock has declined by 42.50% and is down 5.65% year-to-date.
EBITDA fell by 68.2% to Rs 30.5 crore, with the EBITDA margin shrinking to 16.9% from 36.9% YoY. The board has recommended a final dividend of Rs 1.25 per share, pending shareholder approval at the upcoming AGM.
