Delta Corp pleased with Adda52 contribution

Indian real estate, gaming and hospitality firm Delta Corp Limited delivered robust results in its latest quarterly report saying its recent acquisition of Gauss Networks Private Limited and online operation Adda52 is paying early dividends.

Key performance indicators include:

– Net revenue of Rs 145.3 crore, up 8 percent y-o-y (impacted by tax conditions)

– EBITDA up 15 percent to Rs 65.5 crore versus Rs 56.7 crore.

– Profit after tax was up 41 percent at Rs 43 crore versus Rs 30.6 crore for the same period last fiscal.

Despite the disruptions of demonetisation and the onset of goods and services tax (GST), the company has managed to not only overcome those disruptions but have also managed to surpass its earlier trajectory,” Hardik Dhebar, group chief financial officer of Delta Corp, said.

Dhebar expects to double profits and improve margins in FY2018 aided by its Adda52 online business.