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Delta Corp Limited
Sector:Others Others - Miscella - Others
BSE:532848NSE:DELTACORPBloomberg:DELTA@INReuters:DELT.BO
Market Lot: 1Face Value: 1ISIN Demat: INE124G01033
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24-Jul-2018
Business Profile
Arrow Webtex (ARROWEBTX) was originally incorporated as a private company on Nov. 5, 1990. It became public company on Jun. 2, 1992 and got its current name on May 18, 2007. Arrow Webtex is engaged in the business of manufacturing narrow woven fabrics, real estate consultancy and development and dealing in properties. The non-executive chairman (principal promoter) of the company is Jaydev Mody and Chand V. Arora, the managing director.

Arrow Webtex leases commercial office space with focus on prime properties which can attract corporate tenants. As of Apr. 9, 2007, the company directly owned about 133,000 sq. ft. of property in Mumbai given on leave and license basis to corporate tenants. ARROWEBTX is to diversify into other segments of real estate consultancy including leasing of commercial and residential properties.

In specialty textiles, Arrow Webtex manufactures products like underwear namely waistband elastic, woven inner elastics for garments, printed woven elastics, woven tapes, fabric printed labels, woven labels, 100% cotton twill tapes etc. It has an installed capacity of 18 woven label looms, 7 printed label machines and 59 woven tapes looms. The company was awarded ISO 9001 from BVQI for the textile division. ARROWEBTX has depots in Bangalore, Mumbai, Delhi and Tiruppur and also markets through an agent in Kolkata. Arrow Webtex also procures overseas and domestic orders through its website. Subsidiaries include Fasttrack Impex, Aryanish Finance and Investment and Highstreet Cruises and Entertainment.

The registered office of Arrow Webtex and corporate office is based at Mumbai, India.


Financials
The company announced rise of 290.59% in consolidated net profit on y-o-y basis to Rs 416.60 million, while total income declined 100.00% y-o-y basis to Rs 0.00 million for the quarter ended June 2018.

Recent Developments
26-OCT-17
Delta Corp has entered into a Memorandum of Understanding (MoU) with Everest Hospitality and Hotel for leasing space at the upcoming five star Marriot Hotel in Kathmandu, Nepal to operate a casino. Delta will initiate steps to obtain a casino license from the Government of Nepal and the commencement of operations of the casino will be subject to receipt of the license.

17-JAN-17
Delta Corp, a company engaged in entertainment & gaming, hospitality and real estate, fully ready to commence its Casino operations and will do so immediately.

26-OCT-16
Delta Corp announced a sharp rise in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 7.80 times to Rs 322.46 million from Rs 41.34 million in the same quarter previous year.

26-APR-16
Delta Corp disclosed a sharp rise in consolidated net profit for the quarter ended March 2016. During the quarter, the profit of the company rose 36.33 times to Rs 283.25 million from Rs 7.80 million in the same quarter previous year.

02-DEC-15
Delta Corp, a company engaged in entertainment & gaming, hospitality and real estate, has been granted a license to operate a casino at its hotel 'Deltin Suites' in Goa.

17-JUL-15
Delta Corp, a company engaged in entertainment & gaming, hospitality and real estate, swung to a consolidated profit for the quarter ended June 2015. During the quarter, the company reported a profit of Rs 1.010 million compared with a loss of Rs 195.710 million in the same quarter last year.

15-SEP-14
Delta Corp said that the allotment committee of the board of directors of the company at its meeting has made allotment of 1,94,750 equity shares of Re 1 a share

29-JUL-14
During the quarter, the company reported a consolidated loss of Rs 195.71 million compared with a profit of Rs 120.53 million in the same quarter last year.



In Brief

 
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