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Delta Corp stock surges 3.5% after strong Q4FY18 numbers

The company’s casino gaming division’s revenue grew by 73% yoy to Rs163.6cr as against Rs94.7cr.
Shares of Delta Corp stock surged 3.5% after the company’s revenue for Q4FY18 grew by ~94% yoy to Rs218.9cr as against Rs113cr in Q4FY17. The company’s EBITDA margin for the quarter improved 37bps yoy to 30.8% against 30.5% in Q4FY17.

Its PAT for Q4FY18 was up 316% yoy to Rs45.6cr as against Rs10.9cr.

The company’s casino gaming division’s revenue grew by 73% yoy to Rs163.6cr as against Rs94.7cr.

The stock is currently trading at Rs294.60 up by Rs9.45 or 3.31% from its previous closing of Rs285.15 on the BSE. The scrip opened at Rs295.20 and has touched a high and low of Rs301.35 and Rs292.50 respectively.

Delta has a first-mover advantage in the casino segment in India and has operational casinos in Goa and Sikkim.