Delta Corp Q1 net profit jumps 92.5%

Net profit of casino operator Delta Corp. continued to track an upward trajectory in FY 2019 on the back of greater acceptance of gaming in India as well as good financial housekeeping.

In a regulatory filing, Delta Corp. announced that its net profit skyrocketed by 85.7 percent to Rs 41.4 crores ($7.67 million) in the first quarter of FY19 from Rs 22.3 crores ($4.13 million) in the same period last year.

Delta’s revenue for the first three months of FY19 also climbed by 45.6 percent to Rs 187.3 crore ($34.69 million) in the first quarter of FY2019 versus Rs 128.6 crore ($23.81 million) in the first three months of FY2018.

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) in the first quarter of 2018 totaled Rs 65.4 crore ($12.11 million), up 44.4 percent against Rs 45.3 crore ($8.39 million) in the same period last year. However, EBITDA margin for the quarter marginally declined by 30 basis points to 34.9 percent.