From the side-lines of the Motilal Oswal Global Investor Conference Hardik Dhebar, Group CFO of Delta Corp spoke about the latest happenings in his company and sector.
Demonetisation is now behind us, he said.
Q2 has been historically better for the company.
We have not been impacted by goods and services tax (GST) because earlier tax rate was in the range of 26-27 percent and we are going to be at 28 percent, he added.
Offshore casinos at Goa will have to be moved to land in three years. It is positive not only for Delta and the industry per se but for Goa, as a state, it will boost investments, it will boost the tourism. So from an overall perspective, economy of the state is going to benefit, said Dhebar.
We have been demonstrating 30-32 percent compounded annual growth rate (CAGR) growth year-on-year for the last couple of years and we believe that we will be able to continue that growth rate for the next foreseeable future to come, he further mentioned.
Online space has been growing at 35-40 percent and I see no reason why it cannot grow at the same pace for the next foreseeable future, he said.
Revenue from Sikkim will double once connectivity improves and will be looking at opportunities in Nepal and Colombo, said Dhebar.
For full interview, watch accompanying video...
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