{"id":777017202,"date":"2024-07-12T09:39:08","date_gmt":"2024-07-12T12:39:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017202"},"modified":"2026-04-22T08:14:14","modified_gmt":"2026-04-22T11:14:14","slug":"delta-corp-posts-net-profit-of-us2-59m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-posts-net-profit-of-us2-59m-for-q1","title":{"rendered":"Delta Corp posts net profit of US$2.59m for Q1"},"content":{"rendered":"\n

Net profit was down 70 per cent in quarter-on-quarter terms.<\/p>\n\n\n\n\n\n\n\n

India.-\u00a0Delta Corp\u00a0has shared its financial results for the first quarter of the financial year 2024-25. It posted a net profit of Rs 21.68 crores (US$2.59m), down 70 per cent sequentially and 68.15 per cent when compared to last year.<\/p>\n\n\n\n

Revenue from operations declined 21.5 per cent in year-on-year terms to Rs 218.31 crores (US$26.1m). The figure was down 2 per cent when compared to the fourth quarter of the financial year 2023-24<\/a>.<\/p>\n\n\n\n

Income from gaming operations was Rs 169.42 crores (US$20.3m), down from\u00a0Rs 174.07\u00a0crores (US$20.8m) from the previous quarter. Online skill gaming revenue grew 4.2 per cent quarter-on-quarter from Rs 35.08 crores (US$4.2m) to Rs 36.55 crores (US$4.4m) while income from hospitality operations declined 9.3 per cent to Rs 12.34 crores (US$1.5m).<\/p>\n\n\n\n

Earlier this year, Delta Corp expressed its intention to shift its focus towards attracting retail customers 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

See also: <\/strong>Delta Corp enters real estate joint venture with Peninsula Land<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Net profit was down 70 per cent in quarter-on-quarter 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 decline in net profit, down 70% quarter-on-quarter and 68.15% year-on-year, reaching Rs 21.68 crores (US$2.59m) for Q1 FY24-25. Revenue from operations also decreased by 21.5% year-on-year, while online skill gaming revenue saw a modest 4.2% quarter-on-quarter growth. The company is strategically pivoting towards attracting retail customers and positioning itself as a \"family destination,\" reducing reliance on high-stakes gambling.","focusai_entities":"Delta Corp, Peninsula Land","focusai_location":"India","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q1 FY25 Performance Drivers?","query":"What specific market conditions or operational challenges, beyond the stated reduction in high-stakes gambling, contributed to Delta Corp's significant GGR and NGR decline in Q1 FY25?"},{"label":"Retail Strategy Impact?","query":"How is Delta Corp's strategic pivot towards a 'family destination' and retail customer focus projected to impact long-term revenue diversification and profitability metrics, particularly concerning average revenue per user (ARPU) and customer lifetime value (CLTV)?"}],"footnotes":""},"categories":[163,16333],"tags":[23890,23907],"class_list":["post-777017202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-delta-corp","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017202","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=777017202"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017202\/revisions"}],"predecessor-version":[{"id":777017209,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017202\/revisions\/777017209"}],"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=777017202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}