Gaming and hospitality company Delta Corp Limited on Monday (August 4) reported a 36.1% year-on-year surge in net profit at ₹29.4 crore for the first quarter ended June 30, 2025. The company’s revenue also rose modestly to ₹184.7 crore from ₹178 crore in the same period a year ago.
However, the Mumbai-based company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell 16.2% YoY at ₹39.6 crore and the margins also contracted to ₹21.4% from 26.6% last year.
The company said in the June quarter, its other expenditure rose 21% YoY to ₹60.2 crore, mainly because of higher litigation costs incurred due to continued hearings before the Supreme Court in relation to the ongoing GST litigation.
In September 2023, the holding company for Delta Corp and its two subsidiary companies received show cause notices from the Directorate General of GST Intelligence (DGGI), Hyderabad. The companies secured a stay on the GST orders, and a host of similar challenges to GST orders were clubbed before the Supreme Court in January.
Also read: Delta Corp and Deltatech Gaming sign agreement with Head Digital Works to strengthen online gaming presence
The DGGI has raised a tax demand of ₹1.12 lakh crore against 71 online gaming companies. With penalties, this demand could increase to ₹2.3 lakh crore.
In the fourth quarter of FY25, the company reported a 127.4% year-on-year surge in net profit at ₹164.6 crore. The company’s revenue from operations dipped 1.2% to ₹182.6 crore against ₹185.5 crore in the corresponding period of the preceding fiscal.
Shares of the company closed at ₹85.8, up 2.3% on the BSE on August 4.
(Edited by : Shoma Bhattacharjee)
