Delta Corp has announced its Q1FY19 results on 23.07.2018. Let us see how the company has performed as compared to its last quarter.
Delta Corp Consolidated QoQ Performance Review
|Revenue||180 Cr||195 Cr|
|Expense||114 Cr||131 Cr|
|PAT||45 Cr||41 Cr|
|EPS||1.72 Cr||1.55 Cr|
| P/E( at CMP=227)
Segment wise revenue(Cr)
|Casino||163 Cr||176.7 Cr||8%|
|Online Gaming||33.54 Cr||39.03 Cr||16%|
|Hospitality||21.88 Cr||22.72 Cr||4%|
|Sales after GST||171 Cr||187 Cr||9%|
1) The Company P/E is calculated by taking EPS of FY18.
2) The EBITDA Margins have gone down due to the Increased offshore and onshore casino license fees for the Group. As a result, the impact of license fees in the current quarter is Rs. 14.44 Cr.
3) The Company has shown decent growth of 9% QoQ basis in terms of Revenue.
Let us see how the company has performed in the last 3 years
|Revenue||382 Cr||460 Cr||636 Cr|
|Expense||332 Cr||362 Cr||408 Cr|
|PAT||46 Cr||84 Cr||151 Cr|
|P/E( at CMP=280)||168||88||47|
a) Delta Corp is the only listed company to work in the field of Casinos and Online gaming.
b) The Company has shown tremendous growth in the last 3 years in terms of Revenue and PAT.
c) The Company is debt free.
d) The Company commands excellent EBITDA Margins of above 40%.
e) The Price of the stock has fallen from the highs of 400 to 215 in the last 3-4 months. So the stock is available at a good valuation. Many investors see current P/E of 38 as costly but we have to remember it is a growth stock so we will have to value it in terms of PEG ratio and anything less than 1 is a value buy.
Disclaimer: I have a personal investment in the stock. This information is only for the purpose of education and not to be construed as an investment advice.