{"id":777012333,"date":"2024-01-10T09:57:34","date_gmt":"2024-01-10T12:57:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012333"},"modified":"2026-04-22T14:10:16","modified_gmt":"2026-04-22T17:10:16","slug":"delta-corp-net-profit-plummets-59-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-net-profit-plummets-59-in-q3","title":{"rendered":"Delta Corp net profit plummets 59% in Q3"},"content":{"rendered":"\n<p>The company attributed the decline in net profits to lower revenue and expenses that were higher than expected.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>India.-&nbsp;<strong>Delta Corp&nbsp;<\/strong>has shared its financial results for the third quarter of the financial year 2023-24. It posted a net profit of Rs 34.4 crore, down 59 per cent year-on-year.<\/p>\n\n\n\n<p>During the same quarter,&nbsp;<strong>the company faced a 15 per cent decrease in revenue from operations<\/strong>, amounting to Rs 232 crore compared to Rs 273 crore in the previous year.&nbsp;<\/p>\n\n\n\n<p>EBITDA was also down 45 per cent year-on-year, from Rs 102 crore to Rs 55.5 crore. Additionally, EBITDA margins saw a significant decline, dropping from 37.4 per cent to 23.9 per cent in the October-December period.<\/p>\n\n\n\n<p><strong>Income from gaming operations witnessed an 18 per cent year-on-year decrease<\/strong>, amounting to Rs 181 crore. Online skill gaming operations revenue also experienced a 9 per cent year-on-year decline, totalling Rs 39.13 crore in the reporting period.&nbsp;<\/p>\n\n\n\n<p>Earlier this year, Delta Corp expressed its intention to&nbsp;<strong>shift its focus towards attracting retail customers&nbsp;<\/strong>and positioning itself as a \u201cfamily destination.\u201d The company sought to reduce its reliance on high-stakes gambling, which it characterised as a \u201chigh-rolling business\u201d with a minimal revenue contribution.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/delta-corp-posts-net-profit-of-us8-35m-for-the-quarter-ended-sept-30\" rel=\"noreferrer noopener\">Delta Corp enters real estate joint venture with Peninsula Land<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company attributed the decline in net profits to lower revenue and expenses that were higher than expected.<\/p>\n","protected":false},"author":176,"featured_media":17272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp reported a significant decline in Q3 FY23-24 net profit, down 59% year-on-year to Rs 34.4 crore, attributed to lower revenue and higher expenses. Revenue from operations decreased by 15%, and EBITDA fell by 45%, with gaming and online skill gaming operations also experiencing declines. The company previously indicated a strategic shift towards attracting retail customers and becoming a \"family destination,\" reducing reliance on high-stakes gambling.","focusai_entities":"Delta Corp, Peninsula Land","focusai_location":"India","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q3 Expense Drivers?","query":"What specific operational expenses contributed to Delta Corp's higher-than-expected costs in Q3, and how do these align with the strategic pivot?"},{"label":"Family Destination Strategy?","query":"What is the projected timeline and capital expenditure required for Delta Corp's strategic pivot to a 'family destination' model, and what are the anticipated revenue diversification benefits?"}],"footnotes":""},"categories":[157,16333],"tags":[23890],"class_list":["post-777012333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777012333"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012333\/revisions"}],"predecessor-version":[{"id":777012334,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012333\/revisions\/777012334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17272"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}