India’s largest casino operator Delta Corp saw its revenue and profit slide in the final quarter of its fiscal year but the company is confident it can ride out the COVID-19 pandemic shutdown.

On Monday, Delta Corp issued its report covering the three months ending March 31, the fourth quarter of its fiscal year. Revenue fell 10% year-on-year to Rs1.91b (US$25.3m), while pre-tax profits fell by more than one-half to Rs433m and after-tax profits fell 49% to Rs290.4m.

Delta’s mainstay casino operations in the states of Goa and Sikkim were forced to close in mid-March, which helped push the quarter’s gross gaming revenue down nearly one-fifth to Rs1.6b, while non-gaming hospitality revenue fell 24% to Rs179m. The company’s online ‘skill gaming’ operations fared better, rising nearly 22% to Rs453m.

The figures weren’t much better on the full-year front, as revenue slipped 2.7% to Rs8.07b, pre-tax profit slid 18.6% to Rs2.56b and after-tax profit dipped 5.6% to Rs1.85b. The company’s shares lost 4.5% by the close of Monday’s trading.