Delta Corp Ltd

Based on the content from page 12 of the Delta Corp Q3 FY19 call transcript: - There is no explicit mention of any current or planned new fundraising through debt or equity. - Hardik Dhebar highlights strong operational performance and cash generation without indicating the need for additional capital. - The company is sitting on a healthy cash balance (Rs. 460 crores as of the latest quarter). - CAPEX is minimal and routine, implying no immediate requirement for external funding. - Management emphasizes sustaining growth with internal cash flow and rationalizing costs. Overall, during this call, Delta Corp did not indicate any plans for new debt or equity fundraising in the near future.

- No large CAPEX was planned or incurred in the first nine months, aside from normal minor balancing equipment, repairs, maintenance, and routine capital expenditure. - The company continues to maintain a conservative approach to investments, with no substantial CAPEX reported. - Regarding non-core assets like land parcels, the company is actively marketing them for sale at the right price but has not yet found buyers. - Discussions are ongoing between promoters and potential buyers for the Advani Hotel & Resort investment, with hopes for a concrete development within the financial year. - The online business continues strategic investments focused on rationalizing marketing expenses and growing the user base, but no mention of major capital outlay was made.

- Delta Corp sees strong, sustained growth potential in its business, considering recent quarters' robust performance. - Revenue in quarter two and three reached about Rs. 200+ crores, setting this range as the new base for future growth. - The company believes its current Rs. 580-600 crores nine-month revenue run-rate is still at an early stage compared to global gaming standards. - Growth is expected to continue long-term, supported by high operating leverage. - Online gaming segment, especially fantasy sports (boosted by IPL and World Cup events), and improvements in rummy platform expected to contribute to growth. - Market share in land-based casinos is strong and might rise due to consolidation in Goa’s casino industry. - New operations in Sikkim and Nepal are anticipated to start generating growth post operational ramp-up. - Continuous marketing efforts are expected to help fill idle capacity and drive volume growth.

- Delta Corp sees strong, sustained growth potential with Rs. 190-202 crore quarterly revenue as a new base. - Management confident of continuing to maintain and sustain growth rates over a very long foreseeable future. - EBITDA margins for casino business in first nine months at ~40%, with a 100-150 bps compression due to license and GST increases. - Operating leverage: For every Rs. 100 increase in revenue, about Rs. 50-60 added to EBITDA. - Online gaming margins recovering and targeted at 15-20%, improving from previous single digits. - Hospitality sector nearing breakeven, with Goa hotel already profitable. - Overall, numbers indicate a resilient business with high operating leverage and commencement of growth from a nascent stage. - Management refrains from formal guidance but expects growth beyond current levels given historical patterns and business model strength.

The provided transcript from Delta Corp Limited's Q3 FY19 conference call does not contain any information regarding the current or expected order book or pending orders. The discussion primarily focuses on: - Casino industry consolidation in Goa and license fees. - Casino business performance including visitation and gross gaming revenue. - Hospitality sector break-even status. - Competitive environment and market share dynamics. - Online gaming user statistics and growth strategy. - Taxation and asset sales updates. - Marketing efforts and operational updates. No mention or data on order book or pending orders is included in the disclosed transcript.