Revenue down 74.1% at Rs 48.3 crore
Net loss at Rs 28.2 crore versus Net profit at Rs 42.5 crore
Ebitda loss at Rs 33.1 crore versus
EBITDA gain at Rs 67.7 crore
No revenue reported for gaming and hospitality operations
Online gaming segment revenue up 60% at Rs 57 crore
Adda52 has seen a revenue surge and growth at a faster pace
Company has paid fees of the license of Rs 25.3 crore in the current quarter and has made representation to Goa Government for the waiver of the casino license fees
Impact: Result is in line with the expectation due to business disrupted on account of Covid-19, Q2FY21 will also be down. The good thing is focusing and diversified online gaming and increase their subscriber base which will be good in future once Casino operational both business vertical offline and online will be good revenue generation onwards.
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