Delta Corp Q3 Profit Halves Amid Online Gaming Ban, 40% GST Hike on Casinos
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Storyboard•15-01-2026, 21:28
Delta Corp Q3 Profit Halves Amid Online Gaming Ban, 40% GST Hike on Casinos
- •Delta Corp reported a 53% drop in standalone net profit to ₹19.38 crore in Q3 FY26, down from ₹41.61 crore year-on-year.
- •Consolidated profit after tax plummeted to ₹14.28 crore from ₹63.78 crore, impacted by the online gaming ban and increased GST.
- •The company wrote down ₹378.34 crore in investments in online gaming entities due to the ban on real-money online games.
- •Delta Corp faces ₹23,207.30 crore in GST show-cause notices, challenging the levy on gross bet value; the matter is now with the Supreme Court.
- •Despite challenges, Delta Corp plans to expand its physical casino and hospitality footprint, including a new casino vessel in Goa and hotel projects.
Why It Matters: Delta Corp's Q3 profit severely impacted by online gaming ban and higher GST, but expansion plans continue.
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