Any current/future new fundraising through debt or equity?

Delta Corp subsidiary Deltatech Gaming Limited has filed a DRHP (Draft Red Herring Prospectus) for an initial public offering. The process is ongoing, pending SEBI approval, aiming at a combined offer for sale and primary issue. The objective of the fundraising through the equity issue is to raise dedicated resources for the online gaming space to augment growth, acquire new players, introduce new games, and expand user base. The issue timeline will depend on market conditions, but the company is on track with approvals and timelines. There is no mention of any current or planned fundrai

Any current/future capex/capital investment/strategic investment?

Delta Corp has commenced work on the Deltin City land-based casino project, which is a four-year gestation period project. They have a team of 40-60 people and external consultants working on the layout and design. (Page 11) There is ongoing development of a land parcel in Goa, expected to be liquidated in the next 18 to 24 months, potentially releasing around 100 Crores of cash. (Page 16) Delta Corp's subsidiary, Deltatech Gaming Limited, is focused on growing the online gaming business with plans to raise funds via an IPO to accelerate growth, acquire new players, introduce new gaming vert

Future growth expectations in sales/revenue/volumes?

The first quarter of FY2023 was strong, showing resilience and reaching the highest revenue for a first quarter, indicating a robust business footing. The management expects the second and third quarters to be more robust than the first, typically stronger quarters due to seasonality. In Nepal, current monthly revenues of 3-4 Crores are expected to grow to 5-6 Crores monthly. Sikkim's revenues have grown from about 1 Crore to 2.5-3 Crores per month, with continued growth anticipated. The online gaming segment (Deltatech Gaming) aims for faster growth than historical 10-15%, potentially

Future growth expectations in earnings/operating earnings/profits/EPS?

Delta Corp aims for strong, resilient business growth with no interruptions, expecting good quarters ahead. Online gaming subsidiary, Deltatech Gaming, has historically grown 10%-15%, with aspirations for faster growth leveraging fresh capital for expansion. The company anticipates expanding operations in Nepal and Sikkim, with potential revenue growth from current Rs. 3-4 crores/month in Nepal to Rs. 5-6 crores/month, and continued growth in Sikkim. License fee increases and GST changes may impact margins temporarily but are expected to be absorbed through revenue growth. EBITDA margi

Delta Corp LtdQ1 FY23Leisure Services

Delta Corp Ltd Q1 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹73.5P/E: 13.3Market Cap: ₹2.1K CrSector: Leisure Services

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

The first quarter of FY2023 was strong, showing resilience and reaching the highest revenue for a first quarter, indicating a robust business footing.
The management expects the second and third quarters to be more robust than the first, typically stronger quarters due to seasonality.
In Nepal, current monthly revenues of 3-4 Crores are expected to grow to 5-6 Crores monthly.
Sikkim's revenues have grown from about 1 Crore to 2.5-3 Crores per month, with continued growth anticipated.
The online gaming segment (Deltatech Gaming) aims for faster growth than historical 10-15%, potentially in double or higher double digits with fresh capital infusion.
License fee increases are expected to be manageable with revenue growth outpacing cost increases.
Overall, the company is confident of sustained growth and improved quarterly performance, barring interruptions.

Margin guidance

Category 3

Delta Corp aims for strong, resilient business growth with no interruptions, expecting good quarters ahead.
Online gaming subsidiary, Deltatech Gaming, has historically grown 10%-15%, with aspirations for faster growth leveraging fresh capital for expansion.
The company anticipates expanding operations in Nepal and Sikkim, with potential revenue growth from current Rs. 3-4 crores/month in Nepal to Rs. 5-6 crores/month, and continued growth in Sikkim.
License fee increases and GST changes may impact margins temporarily but are expected to be absorbed through revenue growth.
EBITDA margins might stay under pressure short term but are expected to improve as revenues outpace cost increases over time, based on historical trends.
The management remains confident that revenue growth will surpass expense growth, leading to margin expansion and profit growth.
Future growth is expected to be driven by operational expansions including new properties like Deltin City and growth in the online gaming segment.

See what Delta Corp Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

Delta Corp subsidiary Deltatech Gaming Limited has filed a DRHP (Draft Red Herring Prospectus) for an initial public offering. The process is ongoing, pending SEBI approval, aiming at a combined offer for sale and primary issue.
The objective of the fundraising through the equity issue is to raise dedicated resources for the online gaming space to augment growth, acquire new players, introduce new games, and expand user base.
The issue timeline will depend on market conditions, but the company is on track with approvals and timelines.
There is no mention of any current or planned fundraising through debt in the provided transcript.
The management indicated that any opportunity favorable for shareholder value creation, including buybacks or fundraising, would be considered as they arise.

Order book

The provided transcript of Delta Corp Limited's Q1 FY2023 earnings call does not mention any details related to current, expected order book, or pending orders. The discussion primarily revolves around: - Casino business performance and resilience post-pandemic. - Impact and interpretation of GST on casino operations. - Progress on non-core asset disposals (Advani Hotels stake, land in Goa). - Updates on the Deltin City project and new casino ventures. - Growth and market position of online gaming subsidiary Deltatech Gaming. - Regulatory and legal matters concerning casino licenses. - No reference to any manufacturing or order backlog. Therefore, no information regarding order book or pending orders is available in this transcript.

See what Delta Corp Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Delta Corp has commenced work on the Deltin City land-based casino project, which is a four-year gestation period project. They have a team of 40-60 people and external consultants working on the layout and design. (Page 11)
There is ongoing development of a land parcel in Goa, expected to be liquidated in the next 18 to 24 months, potentially releasing around 100 Crores of cash. (Page 16)
Delta Corp's subsidiary, Deltatech Gaming Limited, is focused on growing the online gaming business with plans to raise funds via an IPO to accelerate growth, acquire new players, introduce new gaming verticals, and scale operations. The DRHP has been filed and is under SEBI review. (Pages 4-5, 13)
No specific mention of other immediate large capital expenditures, but growth initiatives in online gaming and land-based casino development are clear strategic investments currently underway.

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Delta Corp Ltd Q1 FY23 Earnings Call Analysis

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Capex plans

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What Delta Corp Ltd's management said in earlier quarters

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