Delta Corp, a leading player in the gaming and hospitality industry in India, has recently announced a significant surge in its consolidated net profit for the quarter ending March 2024. It was very shocking, as the company saw a decline in sales but it managed to achieve a remarkable 41.51% increase in net profit compared to the previous quarter.
Delta Corp reported a surge in net profit to Rs 72.41 crore in the March 2024 quarter, compared to Rs 51.17 crore in the same quarter of the previous year. This growth occurred despite a 9.10% decline in sales, which amounted to Rs. 194.81 crore for the quarter.
As earlier reported by Business Standard, Delta Corp for the entire fiscal year ending March 2024, saw a slight dip in net profit by 6.56% totaling Rs. 244.23 crore compared to Rs 261.37 crore in the previous fiscal year. Likewise, the company saw a 4.06% decline in sales, amounting to Rs 925.30 crore for the year.
Analyzing Delta Corp’s operational performance, the company reported an Operating Profit Margin (OPM) of 21.41% for the quarter, which marks a decrease from 28.08% in the same period last year. Profit Before Depreciation and Tax (PBDT) experienced a decline of 25% to Rs 57.23 crore for the quarter, while profit Before Tax (PBT) dropped by 32% to Rs 42.31 crore.
Despite the hurdles, the company has managed to maintain a steady financial position, which indicates the company’s ability to navigate through the evolving gaming industry.
Many Investors and industry experts are keeping an eye on Delta Corp’s financial performance, due to its significant presence in the gaming industry and its potential for further growth in the future.
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