Delta Corp Q3 results healthy, but share price slips 2 pct

India’s largest casino operator, Delta Corp saw its share price slip 2 percent, despite posting robust profit and revenue growth in 18Q3.

Profit for the three months ended December 31, 2018 reached Rs 50.5 crore, up 13 percent year-on-year, while revenue reached Rs 205.8 crore, representing growth of 26.9 percent.

According to a results filing, the growth revenue was due mainly to growth in gaming operations and online skill gaming operations, which increased 29.6 percent and 33.1 percent, respectively.

Income from hospitality and other operations, however, fell 16.8 percent.

Despite the healthy 18Q3 results, Delta Corp’s share price fell two percent on Thursday, according to a report from Money Control.

The company has declared an interim dividend of Rs 0.6 per equity share.