The company's income from casino gaming division was at Rs 277.65 crore (up 10.74% YoY), online skill gaming division was at Rs 43.12 crore (down 1.62% YoY) and hospitality division stood at Rs 17.18 crore (up 18.4%), during the period under review.

The firm said that it has registered highest ever consolidated gross revenue of Rs 337.95 crore in Q1 FY24, rising 9.35% as compared with Rs 309.06 crore posted in Q1 FY23.

Consolidated profit before tax was at Rs 92.02 crore in the first quarter of FY24, registering a growth of 18.6% from Rs 77.56 crore recorded in Q1 FY23.

EBIDTA margin improved over 500 bps on QoQ basis and over 250 bps on YoY basis, which stood at Rs 110 crore.

Delta Corp said that the casino gaming segment achieved an EBIDTA of Rs 101 crore, reflecting a margin improvement over 1,000 bps on QoQ basis and over 100 bps on YoY basis.

“With regards to the recent GST council outcome, we are hopeful and confident, given the kind of representations and concerns being raised by both online gaming and casino industry, coupled with investor community and some States, a mutually amicable and favourable outcome will emerge,” the company stated in the press release.

Jaydev Mody, chairman, Delta Corp, said, “The momentum set by the last FY was carried on with the 1st quarter giving us yet another milestone in form of the highest revenue ever and margin expansions at both EBIDTA and net profit levels. Regulatory clarity over issues concerning the industry is expected in due course of time, however the company and the management are seized of the issues and concerns around the business and are confident of overcoming the same by implementing the right strategies.”

Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The company is engaged in diversified segments like casino gaming, online gaming, hospitality and real estate.

Shares of Delta Corp gained 0.71% to Rs 190.50 crore on the BSE.