Delta Corp Limited

rs,

orp have through our press notes also, and also through our interaction clarified that these numbers, one has to look at it from a perspective that we had a couple of events that happened during the qu

INR 57 crore

saw a spurt given the lockdown and everything, and we realized that we ended up with a number like INR 57 crore, INR 58 crore of top-line, which was an aberration, which tapered down as and how -- as and when t

INR 58 crore

ven the lockdown and everything, and we realized that we ended up with a number like INR 57 crore, INR 58 crore of top-line, which was an aberration, which tapered down as and how -- as and when the things star

INR 37 crore

red down as and how -- as and when the things started opening up. And it kind of settled at around INR 37 crore, INR 38 core, and last quarter of this financial year was INR 35 crore. From there on, we have b

INR 38

d how -- as and when the things started opening up. And it kind of settled at around INR 37 crore, INR 38 core, and last quarter of this financial year was INR 35 crore. From there on, we have been able

INR 35 crore

t kind of settled at around INR 37 crore, INR 38 core, and last quarter of this financial year was INR 35 crore. From there on, we have been able to grow. In this quarter, we reported a number of INR 42 crore

INR 42 crore

INR 35 crore. From there on, we have been able to grow. In this quarter, we reported a number of INR 42 crore. Again, we are consciously monitoring and spending on the marketing sales promotion activity. And

INR 249 crore

ed for a particular month. So if you look at the October, November, December quarter, we did about INR 249 crore of gaming revenue. So that would be give and take INR 80 plus crore of revenue that we would've d

INR 80

er, December quarter, we did about INR 249 crore of gaming revenue. So that would be give and take INR 80 plus crore of revenue that we would've done on an average. We have reached those kind of numbers in

INR 80 crore

ification, is it fair to assume that March will be higher than that quarterly or monthly number of INR 80 crore, INR 85 crore? It would be in the ballparks. I would not -- exact number if you want, I can pull

INR 85 crore

it fair to assume that March will be higher than that quarterly or monthly number of INR 80 crore, INR 85 crore? It would be in the ballparks. I would not -- exact number if you want, I can pull out the exact

INR 85 crore

t, I can pull out the exact number for the month of March, but I think it'll be in the ballpark of INR 85 crore, INR 86 crore. Pritesh Chheda: No problem, sir. Thank you very much. And all the best. Thank yo

“And we are very, very confident with regards to the numbers that we will be able to achieve in the first quarter and the financial year per se.”

“set in, in the October, November, December quarter will be able to be continued going forward.”

“The platform, which will attract large number of players because unlike Rummy and Fantasy, as you would all appreciate, poker is not a game which can be mass marketed and carpet bombed, which is where we will be using the multi-gaming platform and the other games that have been now introduced as the marketing tool of sorts, which will attract larger number of registrations, get players on, and we’ll onboard the players.”

“And we are ready as far as our project is concerned to commence work.”

“Just one clarification, is it fair to assume that March will be higher than that quarterly or monthly number of INR 80 crore, INR 85 crore?”

“And sir, my second question is, you did mention that going forward, if there are no COVID-related disruptions or any other disruptions, you'll match the performance of Q3 in the coming quarter as well.”

“So this is as on date, and you don't expect any changes in the upcoming budget of Goa… I can't predict what the ministry -- ministers and the government is thinking, but as of now, as we -- as is where is, this is what the license fee should be, INR 40 crore or thereabouts.”

“Going forward, depending upon how the market pans out, what are the requirements, we'll examine it from time to time.”

“If you're giving out the number, what will be a marketing expenditure on the online gaming front for this quarter?”

“It's about 48 months we'll require to complete the project.”

Hardik Dhebar

27

Alpesh Thacker

5

Moderator

4

Dhruv Shah

4

Keshav Garg

3

Mayur Gathani

3

Pritesh Chheda

2

Amit Sinha

2

Kaniksha Sarkar

2

Agam

2

Hardik Dhebar

Ladies and gentleman, good day and welcome to Delta Corp limited Q4 FY22 Analyst Conference Call hosted by Antique Stock Broking Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Please note that this conference is being recorded. I now hand the conference over to Mr. Alpesh Thacker from Antique Stock Broking Limited. Thank you, and over to you, sir. Thank you, Faizan. Hello, everyone. And welcome to fourth quarter FY ‘22 investors conference call of Delta Corp Limited. Today we have with us the management of Delta Corp, represented by Mr. Hardik Dhebar, Chief Financial Officer of the company. The format of the discussion would be a brief opening remarks by the management followed by Q&A. Without much ado, let me hand over the call to Mr. Dhebar. Over to you, sir. Good afternoon, everybody. And thank you Alpesh for organizing this call. I'm sure most of you all would

Pritesh Chheda

set in, in the October, November, December quarter will be able to be continued going forward. With regards to the hospitality business also, it's again, reassuring to see that Daman which we acquired in -- which we commenced operations in 2014, and was always a loss making unit till some years ago where it started breaking even, has now started contributing at the EBITDA level positively, and almost breaking even post depreciation as well. The business there is robust and sound and is doing well. And as and when the economy keeps growing and opening up more and more, this business also will hopefully be doing better and better from here on. With regards to online gaming business, again, last year first quarter was an aberration. We saw a spurt given the lockdown and everything, and we realized that we ended up with a number like INR 57 crore, INR 58 crore of top-line, which was an aberration, which tapered down as and how -- as and when the things started opening up. And it kind of se

Hardik Dhebar

So I don't know what article or what is being referred to in terms of the change of the casino policy. I haven't come across anything of that sort. So if you could elaborate and throw some light on that, it'll be great, and it'll help me to answer that question better. But if by policy, you mean the land based casino policy, there is no further change from what has been the status in the state for the last many months, and probably a couple of years. With regards to our 100 acre parcel, we have got the approval from the cabinet. And we are waiting for the official communication to come by. And we are ready as far as our project is concerned to commence work. With regards to the numbers in March, we typically don't give out granular details on calls, but I can only tell you very comfortably that our GGRs are back to almost the pre-COVID levels. And the GGR is in line with what we did in October, November, December, and so are the visitations. Of course, visitations have not yet reached

Hardik Dhebar

Yes. Good evening. So just two questions, first is on the license fees. I understand that you are replacing one of your smaller ships with a larger ship. Just wanted to understand what is the license fees for the ship, which is getting replaced currently, and what would license fee for the new ship? The current license fee is about INR 25 crore that we pay for the smaller ship, the larger vessel would cost me about INR 40 crore or thereabouts. Okay. And this INR 40 crore would be fixed in nature irrespective of your revenue. So initially when you just start the ship or commission the ship, initially it'll take time for it to ramp up. So do you feel that in spite of the level of service, the fees would be fixed at INR 40 crore for 12 months? Of course, but today we are paying INR 25 crore. So additional is only INR 15 crore, it's not INR 40 crore. Yes. Okay. And sir, my second question is, you did mention that going forward, if there are no COVID-related disruptions or any other disrupt

Hardik Dhebar

Okay. And sir, just one more clarification, again on this license fees, so you said INR 40 crore. So this is as on date, and you don't expect any changes in the upcoming budget of Goa… I can't predict what the ministry -- ministers and the government is thinking, but as of now, as we -- as is where is, this is what the license fee should be, INR 40 crore or thereabouts. Thank you so much, sir. Thank you. The next question is from the line of Keshav Garg from CCIPL. Please go ahead. Sir, I wanted to understand that our out of the INR 250 crore revenue from our casinos, which we did sir, what was your contribution of our casino in Sikkim and in Nepal? So I think Sikkim, if I'm not mistaken, for the year as a whole, we would've done about INR 30 odd crore, and Nepal would have done about INR 15 odd crore. Sir, and how much can these places ramp up or are we -- or are these figures more or less the peak that these places... No, Nepal is just about starting off, they were locked down for al

Keshav Garg

Sir and that’s all, I mean, sir, is there any possibility of new casinos coming up or is the government not giving any further licenses?