{"id":777048851,"date":"2026-10-20T10:25:06","date_gmt":"2026-10-20T13:25:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777048851"},"modified":"2026-10-20T12:55:27","modified_gmt":"2026-10-20T15:55:27","slug":"delta-corps-gst-burden-drives-us11-2m-second-quarter-loss","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corps-gst-burden-drives-us11-2m-second-quarter-loss","title":{"rendered":"Delta Corp\u2019s GST burden drives US$11.2m second quarter loss"},"content":{"rendered":"\n

A \u20b9136.92 crore (US$14.4m) exceptional GST charge weighed on earnings as revenue fell both year-on-year and from the previous quarter.<\/p>\n\n\n\n\n\n\n\n

India.- The Indian casino operator Delta Corp<\/strong> has reported a consolidated net loss of \u20b9106.41 crore (US$11.2m) for the quarter ended September 30, 2026. That compares with a net profit of \u20b925.10 crore (US$2.64m) a year earlier.<\/p>\n\n\n\n

Revenue from operations fell 12.8 per cent year-on-year to \u20b9159.34 crore (US$16.8m), down from \u20b9168.55 crore (US$17.7m) in the previous quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 27.5 per cent year-on-year to \u20b929 crore (US$3.05m), while the EBITDA margin narrowed from 21.8 to 18 per cent. However, the net loss more than halved from \u20b9212.42 crore (US$22.4m) in the preceding quarter to \u20b9106.41 crore (US$11.2m).<\/p>\n\n\n\n

The company logged an exceptional charge of \u20b9136.92 crore (US$14.4m) for GST liabilities, which more than offset the \u20b921.57 crore (US$2.27m) profit recorded before exceptional items and tax. This brought Delta Corp\u2019s cumulative GST provision for the first half of FY27 to \u20b9443.65 crore (US$46.7m), including \u20b9306.73 crore (US$32.3m) recognised in the June quarter.<\/p>\n\n\n\n

The tax provisions relate to demands arising from alleged short-payment of GST on casino transactions and supplies involving multiple goods or services. Delta Corp said it calculated the amount after considering adjudication orders and the principles set out in the Supreme Court\u2019s May 27, 2026, judgment <\/strong>on GST applicability to online gaming, betting, gambling and casino transactions.<\/p>\n\n\n\n

The company said the provision was made as a precaution and that it reserved the right to challenge the demands before the appropriate authorities and legal forums. Based on legal advice and management\u2019s assessment, Delta Corp believes it has grounds to contest the demands relating to mixed supplies and the interest calculated under Rule 31C<\/strong> of the Central Goods and Services Tax Rules<\/strong>.<\/p>\n\n\n\n

Delta Corp\u2019s hospitality business was also affected by heavy monsoon rains and flooding in Daman<\/strong>. The Deltin hotel<\/strong> suspended operations for 37 days before reopening on August 29.<\/p>\n\n\n

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

\n\t\t\t\t\tSee also:<\/span> Delta Corp reports quarterly loss amid GST provision<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

A \u20b9136.92 crore (US$14.4m) exceptional GST charge weighed on earnings as revenue fell both year-on-year and from the previous quarter.<\/p>\n","protected":false},"author":2395,"featured_media":777038767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Indian casino operator Delta Corp reported a consolidated net loss of \u20b9106.41 crore (US$11.2m) for Q3 FY27, primarily driven by a \u20b9136.92 crore (US$14.4m) exceptional GST charge related to alleged short-payments on casino transactions. This significant tax provision, stemming from a Supreme Court judgment on GST applicability, overshadowed a pre-exceptional profit and contributed to a 12.8% year-on-year revenue decline. The company intends to challenge these demands, citing legal advice and management assessment.","focusai_entities":"Delta Corp, Supreme Court","focusai_location":"India, Daman","focusai_target_profile":"ceo_executive (0.95), regulator (0.92), compliance_legal (0.98), operator_casino (0.9), investor_analyst (0.97), supplier_vendor (0.75), journalist_researcher (0.93)","focusai_suggestions":[{"label":"GST Dispute Resolution Timeline?","query":"What is Delta Corp's projected timeline and strategy for resolving the outstanding GST demands and challenging the adjudication orders, particularly concerning the 'mixed supplies' and Rule 31C interpretations?"},{"label":"Impact on Capital Allocation?","query":"How will the cumulative GST provision of \u20b9443.65 crore impact Delta Corp's capital expenditure plans, debt servicing capabilities, and potential for future market expansion or M&A activities?"}],"footnotes":""},"categories":[163,16334],"tags":[29,23890,23911],"class_list":["post-777048851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-casino","tag-delta-corp","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777048851","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777048851"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777048851\/revisions"}],"predecessor-version":[{"id":777048857,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777048851\/revisions\/777048857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777038767"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777048851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777048851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777048851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}