Delta Corp532848Quarterly results
Board adopts Q2 and H1 FY27 unaudited results; GST provision of ₹319.60 crore booked as exceptional item
Delta Corp's board on 19 October 2026 adopted and approved Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 159.34 | 182.76 | −12.8% | 168.55 | −5.5% |
| Total income | 164.05 | 190.68 | −14% | 178.14 | −7.9% |
| Profit before tax | (115.96) | 35.66 | — | (279.79) | +58.6% |
| Profit after tax | (106.68) | 25.10 | — | (212.57) | +49.8% |
| Total comprehensive income | (116.18) | (396.15) | +70.7% | (199.57) | +41.8% |
| Basic EPS | (3.97) | 0.94 | — | (7.93) | +49.9% |
- Period
- Quarter Ended 30-Sep-26 Unaudited
Auditor's review
Conclusion: Unmodified
Notes to the results
- Consolidated exceptional item of (136.92) crore for the quarter ended 30-Sep-26 and (306.73) crore for the quarter ended 30-Jun-26 (refer Note 5).
- Standalone: GST provision (incl. interest) of ₹ 319.60 Crores recognised as Exceptional Item for H1 (incl. ₹ 200.62 Crores in Q1) after SC judgment of 27 May 2026 and adjudication orders.
- Revised Composite Scheme of Arrangement with Deltin Hotel & Resorts, Delta Penland and Deltin Cruises approved by shareholders and creditors on 13 Aug 2026; effective 1 Apr 2025, pending approvals.
- Flooding on 23 July 2026 suspended operations at The Deltin, Daman for 37 days, adversely impacting hospitality revenue; resumed 29 August 2026.
Board meeting outcome
Delta Corp's board met on Monday, 19 October 2026 and adopted and approved the Un-audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30 September 2026. The limited review reports from the statutory auditors form part of the same update.
Auditor's review conclusion
- Both the standalone and the consolidated review reports carry an unmodified conclusion: nothing came to the auditors' attention that causes them to believe the statements contain a material misstatement.
- The reports note that a review is substantially less in scope than an audit, and that no audit opinion is expressed.
Standalone results, quarter and half year
- Revenue from operations: 126.94 for the quarter ended 30 September 2026.
- Total income: 130.75.
- Exceptional item: (118.98) charged in the quarter.
- Profit/(Loss) for the period: (80.02), compared with a profit of 22.41 in the same quarter a year earlier.
- For the six months ended 30 September 2026, Profit/(Loss) was (189.29).
Figures are in ₹ crore, as printed in the statement.
Where the exceptional item comes from — GST
- The notes describe show cause notices alleging short payment of Goods and Service Tax, received from the Directorate General of GST Intelligence and later from the Office of the Commissioner of Commercial Taxes, Goa, covering periods from 1 July 2017 onwards.
- Writ petitions were shared and stay orders obtained; the matter then went to the Supreme Court, which pronounced its judgment on 27 May 2026 on GST applicability to online gaming, betting, gambling and casino transactions.
- Adjudication orders followed. Based on those orders and the judgment, the company computed its GST provision and recognised a total provision including interest of 319.60 as an Exceptional Item.
- The company states the provision is made on a prudence basis, that it reserves all rights to contest and litigate, and that it believes it has strong grounds to contest the demand for mixed supply and the interest levied.
Other decisions and disclosures
- Del tin Denzong Casino, Sikkim: operations were closed during the last quarter to improve operational efficiency and long-term profitability.
- The Del tin, Daman: flooding from heavy monsoon rain on 23 July 2026 suspended operations for 37 days during the quarter; normal operations resumed from 29 August 2026, and hospitality revenue for the quarter was adversely impacted.
- Composite scheme: the board approved the Revised Composite Scheme of Arrangement on 6 December 2024; following the NCLT Mumbai order of 18 June 2026, meetings of shareholders and sundry creditors were held on 13 August 2026 and the scheme was approved by them. It is proposed to be effective from 1 April 2025, and no adjustments have been made in these results pending the remaining statutory and regulatory approvals.
- Subsidiaries: based on management's assessment of recoverable amounts, no provision for impairment is currently required on the investments in the two subsidiaries and the short-term loans given to them.
- Goa slot machines: the writ petition seeking directions to grant a licence for electronic amusement/slot machines at The Del tin Hotel, Daman was dismissed by the Bombay High Court on 29 April 2026; a special leave petition before the Supreme Court has been admitted.
What retail investors may want to track
- How much of the GST provision is finally sustained, given the company's stated intention to contest.
- Whether hospitality operations at Daman recover in the coming quarters after the flooding-related suspension.
- Progress on the effectiveness of the composite scheme and the remaining approvals.
- The Supreme Court proceedings on the slot machine licence at the Daman hotel.
₹ 319.60 CroresGST provision recognised as Exceptional Item
Total income, year-ago quarter190.68 (₹ in Crores)
Total income, standalone₹130.75 Cr
Also from Delta Corp
GST order for Deltin Denzong Casino: differential demand of INR 1.64 crore and INR 1.43 crore, penalty equal to each
15 Oct 2026
Board meeting on 19 October 2026 to consider and take on record Q2 and H1 un-audited results
12 Oct 2026
Delta Corp stock up over 10% this week after GST demand reportedly turned out smaller than the earlier ₹16,000 crore figure
1 Oct 2026
More numbers
- Revenue from operations, Q2 FY27 standalone126.94
- Total income, Q2 FY27 standalone130.75
- Profit/(Loss) for the period, Q2 FY27 standalone(80.02)
- Profit for the period, Q2 FY26 standalone22.41
- Exceptional item, Q2 FY27 standalone(118.98)
- Profit/(Loss) for six months ended 30 Sep 2026, standalone(189.29)
- GST provision recognised as Exceptional Item₹ 319.60 Crores
- Operations at The Del tin, Daman suspended37 days
- Total income, latest quarter164.05 (₹ in Crores)
- Total income, year-ago quarter190.68 (₹ in Crores)
- Total income, previous quarter178.14 (₹ in Crores)
- Total comprehensive income, latest quarter(116.18) (₹ in Crores)
- Total comprehensive income, year-ago quarter(396.15) (₹ in Crores)
- Total comprehensive income, previous quarter(199.57) (₹ in Crores)
- Profit after tax, latest quarter(106.68) (₹ in Crores)
- Profit after tax, year-ago quarter25.10 (₹ in Crores)
- Profit after tax, previous quarter(212.57) (₹ in Crores)
- Revenue from operations, latest quarter159.34 (₹ in Crores)
- Revenue from operations, year-ago quarter182.76 (₹ in Crores)
- Revenue from operations, previous quarter168.55 (₹ in Crores)
- Profit before tax, latest quarter(115.96) (₹ in Crores)
- Profit before tax, year-ago quarter35.66 (₹ in Crores)
- Profit before tax, previous quarter(279.79) (₹ in Crores)
Source: BSE · 19 Oct 2026
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