{"id":777015357,"date":"2024-05-09T09:40:03","date_gmt":"2024-05-09T12:40:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015357"},"modified":"2026-04-22T10:25:21","modified_gmt":"2026-04-22T13:25:21","slug":"delta-corp-posts-net-profit-of-us8-7m-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-posts-net-profit-of-us8-7m-for-q4","title":{"rendered":"Delta Corp posts net profit of US$8.7m for Q4"},"content":{"rendered":"\n<p>Net profit was up 110 per cent in year-on-year terms,.<\/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 fourth quarter of the financial year 2023-24. It posted a net profit of Rs 72.41 crores (US$8.7m), up 110 per cent year-on-year and&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/delta-corp-net-profit-plummets-59-in-q3\" rel=\"noreferrer noopener\">up 41.51&nbsp;per cent&nbsp;sequentially<\/a>.<\/p>\n\n\n\n<p>Revenue from operations declined 3 per cent in year-on-year terms to 222.75 crores (US$26.7m). The figure was down 5 per cent when compared to the third quarter of the financial year. <strong>Income from gaming operations<\/strong>\u00a0was Rs 174.07 crores (US$20.8m), down from\u00a0Rs171.54\u00a0crores (US$21.7m) from the previous quarter. Online skill gaming operations revenue declined from Rs 39.13 crores to Rs 35.08 crores (US$4.2m).<\/p>\n\n\n\n<p>For the year ended March 31, the company&#8217;s gross income was down 2.5 per cent in year-on-year terms to Rs 1,010.48 crores (US$121.0m). Gaming operations decreased by 1.5 per cent to Rs 812.83 crores (US$97.4m), while skills games declined 9.5 per cent to Rs 146.80 crores (US$17.6m).<\/p>\n\n\n\n<p>Earlier this year, Delta Corp expressed its intention to\u00a0shift its focus towards attracting retail customers\u00a0and 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>Net profit was up 110 per cent in year-on-year terms,.<\/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 110% year-on-year increase in Q4 FY23-24 net profit to Rs 72.41 crores, despite a 3% decline in operational revenue and decreases across its gaming and online skill gaming verticals. For the full fiscal year, gross income saw a modest 2.5% decline. The company is strategically pivoting towards retail customers and family-centric destinations, aiming to reduce its dependence on high-stakes gambling.","focusai_entities":"Delta Corp, Peninsula Land","focusai_location":"India","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), supplier_vendor (0.7), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Strategy Shift","query":"What is the projected timeline and capital expenditure for Delta Corp's strategic pivot towards retail and family destinations, and how will this impact GGR and NGR contributions from traditional gaming verticals in the next 12-24 months?"},{"label":"Online Gaming Outlook","query":"Given the decline in online skill gaming revenue, what specific product enhancements or market penetration strategies does Delta Corp plan to implement to reverse this trend, especially considering the evolving regulatory landscape for online gaming in India?"}],"footnotes":""},"categories":[163,16333],"tags":[23890],"class_list":["post-777015357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015357","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=777015357"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015357\/revisions"}],"predecessor-version":[{"id":777015388,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015357\/revisions\/777015388"}],"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=777015357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}