The government, in October last year, imposed a 28 per cent tax on funds that online gaming companies collect from their customers for every bet. It had defended the move, citing concerns about addiction.
Delta Corp: Jain said post October 1, 2023, his company is supposed to pay 28 per cent GST, not on the GGR which it was paying but on the sale of chips which it is selling.
Delta Corp said the holding company carries goodwill, arising on consolidation amounting to Rs 355.33 crore in the consolidated financial results of the holding company, which was recognised in the earlier years.
Balrampur Chini Mills, Bandhan Bank, Delta Corp, Escorts, GNFC, Hindustan Copper, National Aluminium Company, Piramal Enterprises and SAIL are the other 9 stocks that are a part of the F&O ban list.
Delta Corp reported a weak set of numbers for Q3 FY24, with net profit declining 59.34% YoY to ₹34.48 crore. Revenue from operations also dropped by 15.58% to ₹234.41 crore.