{"id":777036907,"date":"2026-01-19T07:58:32","date_gmt":"2026-01-19T10:58:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777036907"},"modified":"2026-04-21T15:15:47","modified_gmt":"2026-04-21T18:15:47","slug":"delta-corp-profit-drops-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-profit-drops-in-q3","title":{"rendered":"Delta Corp profit drops in Q3"},"content":{"rendered":"\n

Net profit was down 53 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

India.- Delta Corp<\/a> has shared its financial results for the third quarter of the financial year 2025-26<\/strong>. The company posted a net profit of US$2.14m for the quarter, representing a decline of 53 per cent<\/strong> compared to the same period last year, according to its unaudited financial results.<\/p>\n\n\n\n

Revenue from operations on a standalone basis fell to US$12.99m, compared with US$16.55m a year earlier. On a consolidated basis, Delta Corp reported a profit after tax of US$1.57m for the quarter ending December 31, down sharply from US$7.03m in the corresponding period last year. Consolidated revenue from operations stood at US$17.66m, compared with US$20.59m in the preceding quarter, underscoring sustained pressure across both its gaming and hospitality segments.<\/p>\n\n\n\n

One of the most significant factors affecting the company\u2019s financials during the period was the enactment of India\u2019s Promotion and Regulation of Online Gaming Act, 2025<\/a>. The legislation, which prohibits real-money online gaming, has forced Delta Corp to reassess the value of its investments in online gaming entities. As a result, the company recorded a substantial cumulative reduction in the fair value of these investments through Other Comprehensive Income (OCI), reflecting the diminished prospects for the segment under the new regulatory framework.<\/p>\n\n\n\n

In addition to regulatory changes, Delta Corp continues to face unresolved tax-related challenges. The company and certain subsidiaries have received show-cause notices from Indian authorities regarding alleged short payment of Goods and Services Tax (GST)<\/a> for the period between July 2017 and November 2022, amounting to over US$255.8m. Management has stated that it remains confident of a favourable legal outcome and has not made any provisions in the current financial results in relation to these claims.<\/p>\n\n\n\n

Delta Corp said it will continue to focus on its physical casino and hospitality businesses while navigating the evolving regulatory landscape that is reshaping India\u2019s gaming industry.<\/p>\n\r\n\t\t

\r\n\t\t\tSee also:<\/span>\r\n\t\t\t
\r\n\t\t\t\t\"\"\r\n\t\t\t\t

\r\n\t\t\t\t\tSee also:<\/span> WinZO co-founders arrested amid money laundering allegations<\/a>\r\n\t\t\t\t<\/p>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t","protected":false},"excerpt":{"rendered":"

Net profit was down 53 per cent year-on-year.<\/p>\n","protected":false},"author":226,"featured_media":777031337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp reported a significant 53% year-on-year decline in net profit for Q3 FY25-26, primarily due to India's new Promotion and Regulation of Online Gaming Act, 2025, which necessitated a fair value reduction of online gaming investments. The company also faces unresolved tax challenges amounting to over US$255.8m in alleged GST short payments, while pivoting its strategy towards physical casino and hospitality operations.","focusai_entities":"Delta Corp, WinZO","focusai_location":"India","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Impact on Valuation","query":"How will the 'Promotion and Regulation of Online Gaming Act, 2025' specifically impact the long-term valuation of Delta Corp's remaining online gaming assets, and what precedent does this set for other operators with similar portfolios in India?"},{"label":"GST Dispute Resolution","query":"Given Delta Corp's confidence in a favorable legal outcome regarding the US$255.8m GST claim, what specific legal precedents or arguments are they leveraging, and what is the projected timeline for resolution of this significant liability?"}],"footnotes":""},"categories":[163,16334],"tags":[23890,58,225],"class_list":["post-777036907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-delta-corp","tag-india","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777036907"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036907\/revisions"}],"predecessor-version":[{"id":777036912,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777036907\/revisions\/777036912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777031337"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777036907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777036907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777036907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}