Delta Corp consolidated net profit drops 17% in Q4; approves scheme of amalgamation

12 Apr 2022 , 07:49 PM

Delta Corp recorded a consolidated net profit of Rs48.11 crore in the quarter ended March 2022, down 16.72% as against Rs57.77 crore during the previous quarter ended March 2021.

The sales rose 3.30% to Rs218.32 crore in the quarter ended March 2022 as against Rs211.34 crore during the previous quarter ended March 2021.

The board recommendation of final dividend @ 125% i.e. Rs1.25 per Equity Share.

The dividend will be paid by the Company to the shareholders within 30 days from the date of approval of the same by the shareholders at the ensuing Annual General Meeting of the Company, the company said.

Further, the Board of Delta Corp at its meeting held on April 11, 2022 has approved the draft Scheme of Amalgamation of Daman Entertainment (transferor company 1) and Daman Hospitality (transferor company 2) with Delta Corp and their respectively shareholders.

Delta Corp Ltd ended at Rs317.20 down by Rs5.15 or 1.6% from its previous closing of Rs322.35 on the BSE. The scrip opened at Rs314.15 and touched a high and low of Rs318.75 and Rs308.55 respectively.