Delta Corp. Ltd. on Tuesday reported a 68% decline in its net profit on a yearly basis for the first quarter of the financial year ending March 2025.
The entertainment and gaming firm reported a bottom line of Rs 22 crore in the April-June quarter, as compared to Rs 68 crore registered during the same period last year, according to its stock exchange notification.
Revenue of the company fell 30% year-on-year to Rs 181 crore. Revenue from gaming operations, the highest contributor to the company's top line, dropped 33% on a yearly basis to Rs 169.42 crore.
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The operating income—or the earnings before interest, tax, depreciation and amortisation—fell 68% on a yearly basis to Rs 31 crore, while the Ebitda margin contracted to 16.3% from 36.9% recorded during the same period last year.
The company also announced a final dividend of Rs 1.25 per share, subject to the approval of shareholders at the annual general meeting.
Shares of Delta Corp. erased gains on Tuesday and closed 1.3% lower at Rs 142.87 apiece, as compared with a 0.5% gain in the country's benchmark NSE Nifty 50. The stock had risen as much as 3.2% during the trading session. The scrip has declined 41% over the past year.
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