Jhunjhunwala, Mukul Agrawal guess spikes 8% after chopping Sept quarter losses to half



NEW DELHI: Shares of , a gaming and leisure actions agency, climbed over 8 per cent on Tuesday after the corporate stated its September quarter losses have been lower than half of that of the corresponding quarter final 12 months.

The inventory was buying and selling at Rs 293.65, up 8 per cent on BSE.

The corporate on Monday stated its consolidated web loss stood at Rs 22.57 crore for the just-ended September quarter, in comparison with Rs 54.91 crore loss in the identical quarter final 12 months. Notably, web gross sales almost doubled to Rs 74.72 crore, up from Rs 38.37 crore.

Income from casinos got here in at Rs 40 crore from zero. The identical from on-line gaming division was kind of flat at Rs 40.45 crore. Its hospitality division noticed income at Rs 13 crore.

The corporate was severely impacted resulting from restrictions throughout the pandemic. Nonetheless, most of its properties in Goa, Sikkim and Nepal are working at half capacities with restrictions.

“Contemplating the general gradual returning to normalcy of all segments of the Group, the encouraging efficiency for the quarter and based mostly on its evaluation of the present indicators of the longer term financial situation, the Group expects that the COVID-19 pandemic wouldn’t have any materials opposed affect on the recoverable values of its monetary and non-financial property and on the web price of the Group,” stated its administration.

Ace investor Rakesh Jhunjhunwala and his spouse collectively maintain 2 crore shares within the firm, as of June quarter finish. At present costs, their stake is valued at Rs 590 crore. One other worth investor Mukul Agrawal owns 30 lakh shares valued at Rs 89 crore. The corporate is but to publish shareholding information for the September quarter.

Delta Corp is without doubt one of the reopening performs common available in the market. The inventory has gained almost 50 % within the final one month and 145 per cent within the final one 12 months.




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