Delta Corp has reported profit after tax of Rs 165.7 crore in financial year 2010-11, a 1269.4% growth as compared to Rs 12.1 crore in previous year.
Results included sale of Prabhadevi land for Rs 250 crore in the second quarter of FY11.
Net sales jumped 184% to Rs 376 crore from Rs 132.5 crore in the same period.
Net sales for the quarter ended March 2011 stood at Rs 40.1 crore, which grew nearly 30% as compared to Rs 30.9 crore in same period the previous year. Gaming sales went up 61.8% to Rs 27.5 crore from Rs 17 crore in the same period.
Profit after tax shot up 1267% to Rs 24.6 crore versus Rs 1.8 crore on year-on-year basis.
However, EBIDTA declined at Rs 91 lakh as against Rs 9.82 crore and EBIDTA margin grew at 2.3%, much lower as compared to 31.8% in Q4FY10.
Delta Corp has received tax refund of Rs 22.8 crore in the fourth quarter as against outgo of Rs 37 lakh in Q4FY10. ((MAT credit entitlement on account of Prabhadebi land sale).
Other income went up at Rs 3 crore from Rs 10 lakh.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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