The company's income from casino gaming division was at Rs 214.46 crore (up 1.8% YoY), online skill gaming division was at Rs 47.41 crore (up 11.47% YoY) and hospitality division stood at Rs 16.07 crore (up 29.81%), during the period under review.

Consolidated profit before tax stood at Rs 61.94 crore in Q4 FY23, down 2.85% from Rs 63.76 crore recorded in the corresponding quarter previous year.

Total expenses spiked 10.45% year on year to Rs 184.02 crore during the quarter. Cost of material consumed stood at Rs 28.56 crore (up 27.96% YoY) and employee benefit expenses stood at Rs 42.50 crore (up 14.25% YoY).

On full year basis, Delta Corp's consolidated net profit zoomed 290.16% to Rs 261.37 crore in FY23 from Rs 66.99 crore reported in FY22. Gross income from operations surged 68.06% to Rs 1,258.10 crore in financial year ended 31 March 2023.

The EBIDTA for the year also stood at a strong and resilient Rs 397 crore, registering a growth of 50% from the previous year on a comparable basis.

Delta Corp said that the results witness a stellar growth and have registered a strong financial performance. The EBIDTA & PAT increase signifying resilience and strength of the business and operations at large.

The firm's income from casino gaming division soared 86.54% YoY to Rs 1,010.65 crore in FY23. All this despite the fact that the company's flagship casino “Deltin Royale” on board the vessel “MV Horseshoe” was non-operational for nearly one month on account of mandatory dry docking during the current quarter.

The business is very resilient and has withstood the post pandemic pressures exhibiting consistent performance. The firm has surpassed the historical numbers and have registered strong growth, it added.

During the financial year 2022-23 the company started operation of “Deltin Zuri” the only luxurious land-based casino in South Goa.

The online gaming business posted a revenue of Rs 191.39 crore during the financial year, registering a steady growth of 18.16%. The company said that its online gaming will further strengthen its leadership position in the gaming industry. The company is realising to tap the immense potential in the online gaming Industry and believe it can be a future growth platform, it added.

The hospitality business jumped 25.08% to Rs 56.06 crore recorded in FY23.

Meanwhile, the company's board has recommended a final dividend of Rs 1.25 per equity share. The dividend will be paid by the firm to the shareholders within 30 days from the date of approval of the same by the shareholders at the ensuing annual general meeting of the company.

Hardik Dhebar, Group CFO said, “The current FY witnessed a historic performance, the gaming revenue crossed the Rs 1,000 crore milestone and registered extremely strong EBIDTA and PAT numbers. We expect a similar performance for the year to come. Our focus on increasing our revenues and controlling costs will always be at the forefront. We will continue our focus on growth and improving margins.”

Jaydev Mody, chairman, Delta Corp, said, “The year has shown a steady and robust performance vis a vis the previous years and we expect better performance in the years ahead. The information regarding launch of our new vessel is already in public domain and this will further propel the growth trajectory and help us achieve the desired goals.”

Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality and real estate.

Shares of Delta Corp rose 0.53% to Rs 190 on the BSE.

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Delta Corp announced that the Board of Directors of the Company at its meeting held on 11 April 2023, has recommended a Final dividend of Rs.1.25 per share (i.e.125%), subject to the approval of the shareholders.

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Net profit of Delta Corp rose 6.36% to Rs 51.17 crore in the quarter ended March 2023 as against Rs 48.11 crore during the previous quarter ended March 2022. Sales rose 4.05% to Rs 227.16 crore in the quarter ended March 2023 as against Rs 218.32 crore during the previous quarter ended March 2022.

For the full year,net profit rose 290.16% to Rs 261.37 crore in the year ended March 2023 as against Rs 66.99 crore during the previous year ended March 2022. Sales rose 65.67% to Rs 1020.77 crore in the year ended March 2023 as against Rs 616.13 crore during the previous year ended March 2022.

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Delta Corp will hold a meeting of the Board of Directors of the Company on 11 April 2023.

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