dishtya -- by (our) good fortune; te -- by You; nihatah -- killed; daityah -- demon; lilaya -- as a game; ayam -- this; haya-akritih -- having the form of a horse; yasya -- whose; heshita -- by the neighing; santrastah -- terrified; tyajanti -- abandon; animishah -- the demigods; divam -- heaven.

The horse demon was so terrifying that his neighing frightened the demigods into leaving their heavenly kingdom. But by our good fortune You have enjoyed the sport of killing him.