Delta Corp Q2 FY27 Results (NSE: DELTACORP)
Signal: Slipped to loss
The read
The core standalone business remained profitable before exceptional items at ₹33.45 Cr, but the trajectory is dominated by regulatory balance-sheet risk: the quarter carried a ₹118.98 Cr GST provision, taking the H1 provision to ₹319.60 Cr, while revenue fell 3.0% YoY after 37 days of Daman disruption.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹119.09 Cr | -3.0% | +1.9% |
| Net profit | ₹-80.02 Cr | N/M | |
| EPS | ₹-2.99 | N/M |
P&L walk
The consolidated statement is included in the filing, but its numerical results table is not present in the supplied extract; the auditor disclosed subsidiary revenue of ₹32.57 Cr and subsidiary net loss of ₹12.21 Cr for Q2FY27.
Key positives
- Standalone profit before exceptional items remained positive at ₹33.45 Cr despite revenue declining 3.0% YoY.
- Finance cost declined 29.3% YoY to ₹0.58 Cr, limiting balance-sheet drag.
- Operating cash flow was positive at ₹105.03 Cr in H1FY27 despite an H1 reported loss of ₹189.29 Cr.
Key concerns
- Revenue from operations declined 3.0% YoY to ₹119.09 Cr, with the filing citing a 37-day suspension at The Deltin, Daman after flooding.
- The ₹118.98 Cr Q2 GST provision drove an ₹80.02 Cr standalone loss and brought cumulative H1 provision to ₹319.60 Cr.
- Deltin Denzong Casino, Sikkim was closed during the prior quarter to improve operational efficiency and long-term profitability, reducing the operating footprint.
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