Delta Corp Ltd, a Goa-based casino operator, reported an increase in net profit by 18.9% YoY to Rs 67.9 crore for the first quarter of the current fiscal year, against the Rs 57 crore in the year-ago quarter.

The revenue for the quarter under review stood at Rs 272.8 crore, up by 9% against Rs 250.3 crore reported in the Q1 of the previous fiscal year.

The EBITDA increased by 9.5% to Rs 95.8 crore over the Rs 87.5 crore reported in the corresponding period of the preceding fiscal year. EBITDA margin stood at 35.1% against the 35% in the corresponding period in the previous fiscal.

Growing revenue offset total expenses for the quarter, which grew 9% to Rs 195 crore, with licence fees and registration charges rising more than 7%.

The revenue for its online skill gaming division on Adda52.com, which includes poker and rummy games, slid more than 1%. The income from the mainstay casino gaming division increased by 11%, assisting net sales to reach 9% to Rs 273 crore.

Earlier this month, the GST council imposed a 28% tax on online gaming companies that collect funds from their customers.

“Regulatory clarity over issues concerning the industry is expected in due course of time,” said Chairman Jaidev Mody in a statement.

Delta Corp is the only listed casino operator in India, with a subsidiary, Deltatech Gaming Limited, formerly known as Gaussian Networks, which was formerly a leader in India’s online gaming industry since 2011.

At 2:00 pm, the shares of Delta corp were trading at Rs 194.15 or 2.62% above its previous close on NSE.