#DeltaCorp: The casino operator has clocked 19.5% sequential growth in consolidated profit at Rs 68.25 crore for the quarter ended September FY23 and revenue during the same period increased by 8% to Rs 270 crore. The business is very resilient and has bounced back much stronger. The company has surpassed pre-Covid set of numbers and have registered strong growth.
History always gives insights and good lessons for the Future...!!
Before getting gaga over Delta Corp 's GST Evasion of 11000 crore and comparing it with market cap of 4700 crore & TTM revenue of 1000 crore
Here is another historical case when Delta Corp received 6000 cr Tax evasion notice which company later denied.
Nothing happened to company and its financial health
Though there were Zero Returns since then.
https://cnbctv18.com/market/stocks/delta-corp-shares-tank-13-after-two-units-booked-in-gst-evasion-case-3307511.htm
But point is this is usual part of their business because many of gaming transaction GST applicability is not clear and can be appealed/questioned. In current case to company is of view that demand notice is contrary to the law
Disclaimer: No recommendation just sharing past case studies so that investors can take informed decision
#DeltaCorp #GST
Before getting gaga over Delta Corp 's GST Evasion of 11000 crore and comparing it with market cap of 4700 crore & TTM revenue of 1000 crore
Here is another historical case when Delta Corp received 6000 cr Tax evasion notice which company later denied.
Nothing happened to company and its financial health
Though there were Zero Returns since then.
https://cnbctv18.com/market/stocks/delta-corp-shares-tank-13-after-two-units-booked-in-gst-evasion-case-3307511.htm
But point is this is usual part of their business because many of gaming transaction GST applicability is not clear and can be appealed/questioned. In current case to company is of view that demand notice is contrary to the law
Disclaimer: No recommendation just sharing past case studies so that investors can take informed decision
#DeltaCorp #GST
cnbctv18.com
Delta Corp shares tank 13% after two units booked in GST evasion case
Shares of Delta Corp slumped over 13 percent after CNBC-TV18 reported that two units of the company were booked for GST evasion
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#DeltaCorp gets another #tax payment notice from #GST intelligence.
Total tax payment notice now at Rs 23,206 cr (Rs 16,822 cr earlier + today’s Rs 6,384 cr).
Today’s notice is for Delta Corp’s subsidiary Deltatech Gaming
Total tax payment notice now at Rs 23,206 cr (Rs 16,822 cr earlier + today’s Rs 6,384 cr).
Today’s notice is for Delta Corp’s subsidiary Deltatech Gaming
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CHIEF MINISTER DR PROMOD SAWANT WILL BE ATTENDING the,FORTH CINUNG GST COUNCIL MEETING ON 22ND JUNE,. THERE MAY BE GREAT RELIEF FOR ON LINE GAMING IN INDIA.
#Nazara
#Deltacorp
#Nazara
#Deltacorp
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