Delta Corp announces Q4 results, Net Profit up 6%

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Delta Corp Ltd, a gaming company headquartered in Mumbai, Maharashtra, recently released its Q4 results. Under the results ending March 31, there has been a decent hike in company’s net profit, which was reported to be INR 51 crore, up 6% Y-O-Y. However, Q-O-Q net profit fell by up to 40% from a recording of INR 85 crore in Q3, December.

It is, however, to be noted that the Q3 results saw a rise in profits due to holiday season. With this growth, the future of the company looks strong. Interestingly, Delta Corp Ltd is the only public company from the gaming industry listed on the stock market. This will now change post the listing of Yudiz Solutions Ltd. The company operates several casinos and hotels across Goa, Sikkim, Daman, and even Nepal.

As per The Economic Times‘ reports, the operational revenues for the company went up by 4 percent, which was INR 218 crore for the preceding quarter in previous year. Operational expenses, on the other hand, also saw a jump from INR 166 crore to 184 crore. Ahead of the results, key managerial personnel for Delta Corp opined their views.

Many investors have held bullish views on the company’s performance in the past few periods. These results, however, did not have much impact on share’s stock price post announcement. Apart from a strong balance sheet and steady growth, company’s shareholding pattern also looks strong.

Delta Corp’s shares are being held in capacity of over 12.7% by the DIIs (Domestic Institutional Investors) and mutual fund houses, whereas, veteran investor Mukul Agarwal holds 1.12% stake in the company.

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