- Total Income for FY 21-22 grows 44 % YoY basis
- EBIDTA for FY 21-22 grows by 346% YoY basis
- Net profit after tax for FY 21-22 grows 278 % YoY basis
Delta Corp has registered a consolidated income of Rs. 236.77 crore and net profit of Rs. 48.11 crore for 4th Quarter of FY 2021-22 and for Financial Year 21-22 consolidated income of Rs. 654.21 crores and net profit of Rs. 66.99 crore.
The Company posted robust numbers despite closure of operations for approx. 150 days during April 21 to September 21 on account of ongoing Covid crisis. Further between January 22 to February 22 due to the Omicron wave there was a substantial decrease in visitation. In addition, Goa had the election code of conduct in place till 14th February, 2022 which further restricted activity.
In another news the company proposed a scheme of amalgamation which will merge Daman Entertainment Private Limited and Daman Hospitality Private Limited into Delta Corp Limited.
Daman Entertainment Private Limited is engaged in gaming and entertainment segment while Daman Hospitality Private Limited carries out business of hotels, resorts, recreation centres, banquets, halls, conference hall, convention halls, business centres, restaurant.
Post this successful merger Delta Corp can expand its current service territory and strengthen its existing market share and combine resources, creating better synergies, optimal utilisation of resources and greater economies of scale and derive operational efficiencies from adoption of