Delta Corp, the only listed casino operator in India, has published its financial results for the second quarter of 2023 and the numbers show “robust growth” for the company, especially due to an increase in casino revenue.
The quarter which ended on June 30 brought the company a net profit of 679.1 million Indian Rupees, which would convert into 8.3 million U.S. dollars. That figure represents an increase of 19 percent compared to the same quarter of the previous year.
The Indian company’s casino gaming division was the most productive during the second quarter, bringing in revenue of 2.77 billion Rupees or around 33.8 million U.S. dollars. That amount represents an increase of 10.7 percent year-on-year.
However, the company’s online skill gaming division recorded a drop in revenue to 430.12 million Rupees, which is 1.6 percent less than what it generated during the second quarter of 2022.
Delta Corp’s hospitality division had a contribution of just 171.8 million Rupees to the company’s revenue during the second quarter, leaving the casino gaming division as the largest contributor.
In fact, the casino gaming segment generated earnings before interest, tax, depreciation and amortization (EBITDA) of 1.1 billion Rupees, an increase of 10 percent yearly and 100 percent quarterly. The group’s total revenue went up by 9 percent year-on-year and amounted to 2.72 billion Rupees (33.29 million dollars).