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Cover Story
 

“Gaming & Hospitality will Drive Our Growth”
Since Inception in 1991, Delta Corp has Risen up The Ranks really fast. In fact, its instant success in The Gaming and Realty space has won it The Trust of Millions. With Mcap Rising by over 160%, Delta is The Second Largest wealth creator in FY 2010-11
Issue Date - 26/05/2011
 
Having started as a pure textile player, Delta Corp has today transformed into a diversified company with interests in real estate, gaming & entertainment and hospitality. The sailing has been smooth so far for it, especially in FY 2010-11, when its revenue rose by over 65%. Not only did Delta report a PAT of Rs.1.65 billion, an astonishing 1,269.4% growth over the last fiscal; its m-cap too rose by over 160%, making it the second biggest wealth creator (in % terms) in FY 2010-11. In an exclusive conversation with B&E, Hardik Dhebar, Group CFO, Delta Corp, throws more light on the company’s phenomenal success story.

B&E: What factors would you attribute to the stellar performance by the company during the last fiscal?
Hardik Dhebar (HD): We, at Delta Corp, have been focusing on our core business and execution over the last two years. The gaming & hospitality business has grown multi-fold which is now the core focus area of Delta Corp. The current performance and future potential of the business and industry is what, in our view, aids and supports this growth.

B&E: But do you consider this high pace of growth sustainable?
HD: We strongly believe that the potential for gaming & hospitality is huge in India, and Delta and its subsidiaries haven’t even scratched the surface. Add to it, real estate will continue to grow at a sturdy rate providing a steady supply of income and cash flows, thereby smoothening volatility. Over 2 years, we have grown in excess of 50% on a yoy basis, owing to the gaming phenomenon. We’re presuming similar exponential growth in the future.

B&E: How do you plan to keep investors interested in Delta Corp’s stock?
HD: We have communicated to our shareholders through our actions. The vision that the Delta family shared of creating a world-class gaming company is surely and truly on its way. Further, we will continue to expand and create a pan-India imprint, helping the business go from strength to strength, and in turn, creating shareholder value on a long-term basis.

B&E: Do you plan to diversify further to maximise returns?
HD: As said earlier, gaming & hospitality is our core focus area and we will continue to expand and strengthen our position in all available opportunities. Newer destinations like Daman and Sikkim are opening up as well, giving us the required growth potential in the country, along with our effort to continuously capture and dominate the Goa market. In addition, areas like Sri Lanka have been of keen interest to us whereby we are exploring various possibilities and opportunities to create and expand our presence, and grow the Delta brand.

 

Onkar Pandey           

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