Delta Corp Ltd's Q3FY25 Quarter Results
- 14 Jan 2025
Result Summary
- Delta Corp Ltd reported a 0.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 15.3%.
- Its expenses for the quarter were up by 5.0% QoQ and down 8.9% YoY.
- The net profit increased 32.4% QoQ and increased 3.4% YoY.
- The earnings per share (EPS) of Delta Corp Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 206.99 | 206.17 | 244.47 | 0.4% | -15.3% |
Total Expenses | 177.64 | 169.24 | 194.94 | 5.0% | -8.9% |
Profit Before Tax | 29.35 | 36.93 | 49.53 | -20.5% | -40.7% |
Tax | -6.31 | 10.61 | 15.12 | -159.5% | -141.7% |
Profit After Tax | 35.73 | 26.98 | 34.56 | 32.4% | 3.4% |
Earnings Per Share | 1.30 | 1.00 | 1.30 | 30.0% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Delta Corp Ltd is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. They are part of the larger part of the gaming and hospitality segment. The company's portfolio also includes real estate and hospitality divisions, further diversifying their business operations. Delta Corp operates casinos in Goa and Sikkim, offering high-quality gaming experiences. They are also developing a large integrated resort in Daman. Recently, the company has made significant strides in expanding its online gaming operations, in response to the increasing demand in this segment.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Delta Corp Ltd reported a total income of ₹206.99 crores. This represents a marginal quarter-on-quarter (QoQ) growth of 0.4% from ₹206.17 crores in Q2FY25. However, when compared to the same period in the previous fiscal year (Q3FY24), where the total income was ₹244.47 crores, there has been a significant year-on-year (YoY) decline of 15.3%. The YoY decline indicates a reduction in the company's revenue generation capacity compared to the same quarter in the previous year.
Profitability
The company's profitability metrics show a mixed picture. Profit before tax (PBT) for Q3FY25 stands at ₹29.35 crores, which is lower by 20.5% QoQ and by a substantial 40.7% YoY. However, profit after tax (PAT) presents a different scenario, with an increase of 32.4% QoQ to ₹35.73 crores in Q3FY25, up from ₹26.98 crores in Q2FY25. On a YoY basis, PAT shows a slight increase of 3.4% from ₹34.56 crores in Q3FY24. The company's earnings per share (EPS) remained constant YoY, and increased by 30% QoQ to ₹1.30 in Q3FY25.
Operating Metrics
In terms of operating metrics, total expenses for Q3FY25 were ₹177.64 crores, a 5.0% increase QoQ from ₹169.24 crores in Q2FY25. This represents a decrease of 8.9% YoY from ₹194.94 crores in Q3FY24. The YoY decrease in total expenses could be attributed to cost containment measures taken by the company. However, the QoQ increase suggests a rise in operational costs compared to the previous quarter. The anomaly in tax metrics for the company, with a negative tax figure of ₹-6.31 crores for Q3FY25, indicates a tax credit situation for the company. The tax figure for the company has seen a significant drop of 159.5% QoQ and 141.7% YoY.
