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    Delta Corp Q4 FY22: A strong play on India’s gaming industry

    The long-term outlook for Delta Corp continues to be positive on the back of increasing tourist arrivals, leading to a strong occupancy in its hotels, and continued traction for online gaming

    Nitin Agrawal
    April 19, 2022 / 10:01 AM IST
    Delta Corp Q4 FY22: A strong play on India’s gaming industry

    Delta Corp

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Delta Corp (CMP: Rs 304; M Cap: Rs 8,114 crore), an online and live gaming company, has posted an in-line set of numbers for the last quarter of FY22. Its financial performance was hit by restrictions related to the Omicron wave and Goa elections. However, the long-term outlook for Delta Corp continues to be positive on the back of increasing tourist arrivals, leading to a strong occupancy in its hotels, and continued traction for online gaming. Further, the company plans...

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