Shares of Delta Corp gain on reporting 6% rise in Q4 consolidated net profit!

Delta Corp has reported results for the fourth quarter that ended March 31, 2023 (Q4FY23).

Quarterly and Annual results

On a consolidated basis, the company has reported a rise of 6.36% in its net profit at Rs 51.17 crore for the fourth quarter that ended March 31, 2023 as compared to Rs 48.11 crore for the same quarter in the previous year. The total income of the company increased by 3.87% at Rs 245.94 crore for Q4FY23 as compared to Rs 236.77 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, on a consolidated basis, the company has reported a 3-fold jump in its net profit at Rs 261.37 crore as compared to Rs 66.99 crore for the previous year. The total income of the company increased by 63.12% at Rs 1067.16 crore for the year under review as compared to Rs 654.21 crore for the year ended March 31, 2022.

Share price movement of Delta Corp Limited

Today, the stock opened at Rs 188, with a high and low of Rs 191.15 and Rs 188. Currently, the stock trading at Rs 190.75, up by 0.03%. 

The stock has a 52-week high of Rs 322 and a 52-week low of Rs 162.10. The company has a market capitalisation of Rs 5104.39 crore. 

Company profile 

The company currently operates three offshore casinos in Goa. It operates Deltin Royale and Deltin JAQK, amongst the country's two largest offshore casinos, and Deltin Caravela, the only floating hotel with a casino in India. The company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa.