Synopsis: Delta Corp saw profits fall sharply YoY as other income dropped significantly, reflecting the absence of last year’s one-off gains and a shift to negative exceptional contributions.
The shares of this small cap company majorly engaged in the Gaming, Hospitality and online skill gaming segment jumped nearly 13 percent from its days low as there was no drastic change in operational revenue and operating income
With the market capitalizations of Rs. 1900 Crores, the shares of Delta Corp Ltd hit upper circuit of 81.60 per share raising nearly 20 percent from its previous day close of Rs. 68 per share and is trading at a P/E of 24.4 whereas industry P/E stands at 44.6
Q4 FY26 Result
Revenue from operations has decreased on a yearly basis from Q4 FY25 to Q4 FY26, falling from Rs. 183 Crores to Rs. 161 Crores, down 12 percent. Operating profit has decreased from Rs. 41 Crores to Rs. 28 Crores, down 31 percent and net profit has decreased from Rs. 165 Crores to Rs. 16 Crores, down 90 percent
Revenue from operations has increased on a quarterly basis from Q3 FY26 to Q4 FY26, raising from Rs. 160 Crores to Rs. 161 Crores, up 0.6 percent. Operating profit has increased from Rs. 22 Crores to Rs. 28 Crores, up 27 percent and net profit has increased from Rs. 14 Crores to Rs. 16 Crores, up 14 percent.
Reason behind the fall in YoY net profit
The sharp YoY decline in Q4 FY26 profit is largely explained by the movement in other income. In Q4 FY25, Delta Corp reported other income of Rs. 211 crore, which significantly boosted overall earnings. In Q4 FY26, this dropped sharply to just Rs. 10 crore, removing a major support to profitability.
Looking deeper, this change is mainly due to exceptional items. In Q4 FY25, around Rs. 196 crore of the other income came from the sale of exceptional or non-core assets, which was a one-time gain and not part of regular operations. However, in Q4 FY26, instead of gains, exceptional items had a negative impact of Rs. 5.51 crore, further dragging down the other income.
Because of this shift from a large positive one-off gain to a negative contribution the company’s profit saw a steep fall on a year-on-year basis. The core business remained relatively stable, but it was not strong enough to make up for the absence of these gains. This clearly shows that last year’s high profit was largely supported by non-recurring income, while this year reflects a more normal level of earnings.
About the Company
Delta Corp ltd is India’s only listed casino gaming company, operating offshore and land-based casinos primarily in Goa and Sikkim. Incorporated in 1990, the company also has interests in hospitality and online gaming. With an integrated business model spanning casinos, hotels, and digital platforms, it holds a strong position in India’s organised gaming and entertainment industry.
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