Delta Corp at life time high

Delta Corp figures out very strongly amongst the top five gainers on the BSE since the opening bell. The stock rose to a new life time high at Rs.338.90.

The casino and gaming company, better recognized as Jhunjhunwala’s company because of his investment,  for Q3FY18, it posted a jaw dropping 319% (YoY) rise in net profit at Rs.45 crore. This was on a 73% rise in revenue at Rs.156 crore.

EBITDA for the quarter came in at Rs.69 crore, up 113% while margins rose from 31% to 42.4%.

Jhunjhunwala currently has a 8.43% stake, which is 2.25 crore shares.