trending Market Intelligence /marketintelligence/en/news-insights/trending/tlDp1kH0hViiqqXUzXLhbg2 content esgSubNav
In This List

Delta Corp. swings to loss in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Delta Corp. swings to loss in fiscal Q1

Delta Corp. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 41 Indian paise per share, compared with 55 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 93.9 million rupees, compared with income of 123.8 million rupees in the prior-year period.

The normalized profit margin fell to negative 16.9% from 4.8% in the year-earlier period.

Total revenue fell 78.5% on an annual basis to 557.1 million rupees from 2.59 billion rupees, and total operating expenses fell 67.8% year over year to 612.7 million rupees from 1.91 billion rupees.

Reported net income totaled a loss of 195.7 million rupees, or a loss of 86 paise per share, compared to income of 110.7 million rupees, or 49 paise per share, in the prior-year period.

As of July 29, US$1 was equivalent to 60.26 Indian rupees.