India’s largest and lone publicly traded gaming and hospitality company Delta Corp Ltd. is in for a good start in 2016 as its revenue soared by 34.6 percent in the first quarter of the year due to increased customer numbers.
In a disclosure to the National Stock Exchange of India, Delta announced that it posted a record high of INR 108.65 crore revenue (US$163.43 million) in the first three months of 2016 against the INR 8,072 lakh (US$12.1 million) profit it gained in the same quarter in the last financial year.
On the other hand, Delta’s quarter to quarter growth is up 28 percent.
Hardik Dhebar, Delta Corp’s Group Chief Financial Officer, said in a statement: “The first quarter has demonstrated how the year will unfold. Historically, our second and third quarters have also been the most robust. This is enough indication of what is to come.”