Delta Corp Q4 Results: Casino & gaming firm reports 6% rise in profit, declares dividend

Delta Corp (DELTACORP) — a Mumbai-based company operating in the casino and gaming industries — on Tuesday reported a net profit of Rs  51.2 crore for the January-March period, marking an increase of 6.4 per cent compared with the corresponding quarter a year ago. Its revenue increased 4.1 per cent on a year-on-year basis to Rs 227 crore, according to a regulatory filing. 

The company's margin — a key measure of profitability — came in at 26.4 per cent, as against 31.6 per cent for the year-ago period.   

Delta Corp reported Rs 60 crore in earnings before interest, taxes, depreciation and amortization (EBITDA), a fall of 12.8 per cent compared with the year-ago period. 

The company's stock finished weaker by Rs 5.8 — or three per cent — at Rs 189 apiece on BSE ahead of the earnings announcement.  

Delta Corp dividend

Delta Corp's board announced a dividend of Re 1.25 per equity share of face value of Re 1 — a 125 per cent dividend. 

The company said the dividend will be paid within 30 days from the date of approval at the ensuing annual general meeting. 

Delta Corp management commentary

“The results reflect a good closure to the year, at the same time, we are looking forward to a fantastic year ahead. The year has shown a steady and robust performance vis a vis the previous years and we expect better performance in the years ahead," said Jaydev Mody, Chairman, Delta Corp.

Delta Corp shares: Historical performance

Delta Corp shares lost 15 per cent of their value in the quarter ended March 2023, a period in which the Nifty 50 headline index declined 4.1 per cent. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.