L7 Securities offloads 21.45L Delta Corp shares at Rs 66.81 as 28% GST verdict bites

L7 Securities sold a 0.80% stake in Delta Corp at Rs 66.81/share after the Supreme Court upheld 28% GST on online gaming. India's only listed casino-hospitality operator reported a 90% YoY collapse in Q4FY26 net profit to Rs 16.45 cr and a 12% revenue decline to Rs 161.3 cr, yet declared a Rs 0.50/share dividend.

— Source publishedFri, 5 Jun, 2026, 13:47 IST·First seen Fri, 5 Jun, 2026, 14:40 IST·Source Financial Express · BrandWagon

What happened

L7 Securities sold 21.45 lakh Delta Corp shares (0.80%) at Rs 66.81 after SC upheld 28% GST on online gaming. India's only listed casino-hospitality firm posted

Key facts

  • 21.45 lakh shares
  • Rs 66.81
  • 0.80%
  • Q4FY26 net profit Rs 16.45 cr (-90% YoY)
  • revenue Rs 161.3 cr (-12% YoY)
  • EBITDA Rs 27.7 cr (-34.8%)
  • dividend Rs 0.50/share
  • 28% GST

Why this matters

The GST shock and battered valuation open a window to consolidate India's fragmented casino-hospitality assets or pursue a strategic pivot away from gaming-dependent revenue.