- July 24, 2018
- Posted by: Umesh Paliwal
- Category: News
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.
Excellent results on YoY basis shown by Delta Corp. The Margins have got down a little bit on QoQ basis but the performance in terms of revenue growth is excellent.
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