DELTA CORP LTD – QUARTERLY RESULTS FOR Q4FY23
Delta Corp Q4FY23 PAT up 6.36% at Rs51.17cr as contact intensive shows a pick-up
Delta Corp reported 3.87% growth in total revenues for the March 2023 quarter on consolidated basis at Rs245.94cr. Revenues fell -13.71% on sequential basis. The company saw good top line traction across its 3 key verticals viz. gaming operations, online skill gaming and hospitality business. Full year revenues for FY23 stood at Rs1,067 crore while the full year net profits stood at Rs261.37 crore. All the 3 businesses were profitable at an operating level too for the fourth quarter of Q4FY23.
Financial highlights for Mar-23 compared yoy and sequentially
| Delta Corp | |||||
| Rs in Crore | Mar-23 | Mar-22 | YOY | Dec-22 | QOQ |
| Total Income (Rs cr) | ₹ 245.94 | ₹ 236.77 | 3.87% | ₹ 285.02 | -13.71% |
| Net Profit (Rs cr) | ₹ 51.17 | ₹ 48.11 | 6.36% | ₹ 84.82 | -39.67% |
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| Diluted EPS (Rs) | ₹ 1.91 | ₹ 1.79 |
| ₹ 3.16 |
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| Net Margins | 20.81% | 20.32% |
| 29.76% |
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Consolidated Profit after tax (PAT) for March 2023 quarter was up 6.36% at Rs51.17cr on the back of higher top line. Cash flows from operations for FY23 were higher than in FY22 by 21.7%. PAT margins improved marginally to 20.81% in the Mar-23 quarter compared to 20.32% in the Mar-22 quarter. However, net margins were lower on a sequential basis 29.76% in the previous Dec-22 quarter. The board has approved dividend of Rs1.25 per share.