Stories
Delta Corp Reports ₹106 Crore Loss in Q2 Due to Mounting GST Provisions
- •Delta Corp posted a consolidated net loss of ₹106.4 crore for the September quarter of FY27, compared to a net profit of ₹25 crore in the same period last year.
- •Revenue from operations dropped 13.1% year-on-year to ₹159 crore, while EBITDA declined 27.5% to ₹29 crore.
- •The company set aside a one-time GST provision of ₹136.92 crore during the quarter, bringing the total H1 provision to ₹443.65 crore.
- •Operations at The Deltin hotel in Daman were suspended for 37 days due to heavy monsoon flooding, impacting the hospitality business.
- •Delta Corp shares closed 5.11% lower at ₹76.90 following the announcement of the quarterly results.
Key Questions Answered
Delta Corp reported a consolidated net loss of ₹106.4 crore for the September quarter of FY27, heavily impacted by a one-time goods and services tax (GST) provision of ₹136.92 crore for liabilities. This followed a net profit of ₹25 crore in the same period last year and an operating revenue decline of 13.1% to ₹159 crore.
Heavy monsoon rains caused flooding that forced Delta Corp's hotel, The Deltin, in Daman, to suspend operations for 37 days during the September quarter, directly disrupting revenue from its hospitality business. Normal operations at the hotel resumed on August 29.
Delta Corp calculated its provisions after considering the principles laid down in the Supreme Court's May 27, 2026, judgment regarding GST applicability to online gaming, betting, gambling, and casino transactions.
