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Delta Corp Share Rises as Q2FY23 Numbers Surpass Pre-COVID Levels

Picture Source: Internet

Shares of casino and hotel operator Delta Corp rose marginally in early trade on October 12. Still, they then slipped 2% even as the company posted the highest-ever consolidated revenue of Rs 651 crore and Rs 125 crore for the half of FY 2022-23.


The shares were trading at Rs 213.20 per share on the BSE at 11 am, down 2%, while the benchmark Sensex was down 0.02% at 57,132. On Tuesday, the stock was down 4.8%. So far this year, it’s down 15%.


“We reported our highest revenue ever for the quarter. We have surpassed pre-COVID numbers and delivered strong growth,” the company said in a stock exchange filing.


In the second quarter of FY23, the company’s consolidated profit rose 19.5% quarter-on-quarter to Rs 68.25 crore, while revenue rose 9% to Rs 273 crore in the same period.

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