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Delta Corp Q2 FY24 results: profit rise by 1.74% YOY
Delta Corp Q2 FY24 results: Revenue increased by 0.23% YoY & profit increased by 1.74% YoY
Delta Corp, a leading company in the gaming and hospitality industry, announced its financial results for the second quarter of fiscal year 2024 on October 11, 2023. The company reported a slight increase in its topline, with a growth of 0.23% compared to the same quarter last year. Additionally, the company's profit also saw a rise of 1.74% year-on-year.
When compared to the previous quarter, Delta Corp experienced a decline in revenue by 0.81%. However, the company's profit increased by 2.25% during the same period.
One of the contributing factors to the company's improved profitability was the decrease in Selling, General & Administrative (SG&A) expenses. These expenses declined by 2.71% quarter-on-quarter, but increased by 15.9% year-on-year.
The operating income of Delta Corp showed a positive trend, with a 4% increase quarter-on-quarter. However, there was a slight decrease of 2.62% year-on-year.
Earnings per share (EPS) for the second quarter of fiscal year 2024 stood at ₹2.59, representing a 2.09% increase compared to the same period last year.
In terms of market performance, Delta Corp has delivered a positive return of 3.33% in the last week. However, the stock has experienced a negative return of -25.78% in the last six months, and a negative return of -33.65% year-to-date.
Currently, Delta Corp has a market capitalization of ₹3780.93 Cr and its 52-week high and low are ₹259.95 and ₹133.1 respectively.
Delta Corp Financials
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 270.59 | 272.8 | -0.81% | 269.97 | +0.23% |
| Selling/ General/ Admin Expenses Total | 44.53 | 45.77 | -2.71% | 38.42 | +15.9% |
| Depreciation/ Amortization | 16.95 | 15.89 | +6.67% | 14.97 | +13.23% |
| Total Operating Expense | 187.46 | 192.87 | -2.8% | 184.6 | +1.55% |
| Operating Income | 83.13 | 79.93 | +4% | 85.37 | -2.62% |
| Net Income Before Taxes | 92.44 | 92.02 | +0.46% | 93.44 | -1.07% |
| Net Income | 69.44 | 67.91 | +2.25% | 68.25 | +1.74% |
| Diluted Normalized EPS | 2.59 | 2.53 | +2.49% | 2.54 | +2.09% |
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First Published:14 Oct 2023, 03:51 AM IST
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