Delta Corp reports 59 per cent jump in revenue

The only listed casino operator in India charmed the market by reporting a 59 per cent jump in revenues. The highlight of the company's Q4 result was a consolidated PAT growth of four times on yoy basis.

The company's consolidated revenue were up 59 per cent at Rs. 172 crore for the quarter ended March 2018 as against Rs. 108 crore in for the quarter ended March 2017. The net profit was up four times at Rs. 45 crore in Q4 as against Rs. 11 crore for the same period in the corresponding quarter.

The company's has reported revenue of Rs. 607 crores for the 12-month period ended March 31, 2018 as compared to Rs. 454 crores for the 12-month period ended March 31, 2017. Net profit was at Rs. 154 crores for the 12-month period ended March 31, 2018 as against Rs. 70 crores for the same period in the corresponding year.

The company has declared a dividend of Re. 1 per equity share.

Delta Corp Limited is engaged in the gaming industry. The company own and operate casinos in Goa and Sikkim. The company is awaiting license to operate a casino in its upcoming integrated resort in Daman.

Meanwhile, on the stock of Delta Corp was quoting Rs. 294.05 per share, up by 3.12 per cent at 11:21 hours on Tuesday. The benchmark index BSE Sensex was at 34,583.31, up by 132.54 points or 0.38 per cent.