Delta Corp has reported a sharp rise of 200% in its first quarter FY12 net profit. During the period, consolidated profit after tax of the company increased to Rs 12 crore against Rs 4 crore in the year ago period.
Net sales jumped to Rs 91 crore from Rs 32 crore year-on-year.
Revenue out of real estate business has gone up by 20 times to Rs 63 crore versus Rs 3 crore whereas hospitality and gaming division revenues went up to Rs 28 crore from Rs 22 crore in the year ago period.
However, EBITDA margin declined to 35.2% versus 43.6% year-on-year.
src-MC & rediff
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