Delta Corp quarterly profit sees 22% y-o-y growth

India’s only listed casino and online gaming company Delta Corp Limited, announced its quarterly results for the period July-September 2019 yesterday.

The casino company reported a total revenue (including GST) of Rs. 252.76 crores against a revenue of Rs. 236.78 crores for the last quarter and Rs. 254.13 crores for the September 2018 quarter.

Delta Corp reported a marginal increase in its online gaming revenues from online poker and rummy website Adda52 to Rs. 40.93 crores, which reflects around Rs. 5 crore increase against the online gaming revenues from the last quarter as well as the September 2018 quarter.

Despite a 0.1% in the year-on-year reduction in the net post GST revenue of the company, Delta recorded a 22% uptick in the profit after tax.

The profit after tax recorded by the company was Rs. 59.04 crores as against a PAT of Rs. 48.10 crores for the September 2018 quarter.

The increase in PAT despite flattish revenues is mainly attributed to the reduction of corporate income tax rates by the central government from 30% to 22%.