Delta clocks over 300 percent profit growth

Delta Corp posted more than a 300 percent increase in net profit for the third quarter of FY18, reaching Rs. 44.7 crore (US$7 million), according to the latest figures.

Total revenue grew 56.6 percent year-on-year to Rs 162.2 crore, while the company’s EBITDA rose a total of 119.5 percent to Rs. 68.7 crore.

This was the first full quarter that included revenues from Gaussian Networks Pvt Ltd, operator of Adda52 – which merged with Delta Corp in July.

Adda52 is a market leader in the online poker space, giving Delta Corp an instant leadership position in the online poker space in India.

Revenue from its online gaming operations rose to Rs. 28.4 crore in Q3, compared to Rs.24.1 in the previous quarter.

Shares in Delta Corp grew more than 6.5 percent intraday on Tuesday, according to MoneyControl.com.