Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Wonderla reports 18% revenue growth and 2.5 million Footfalls for 9 months

Posted On: 2024-02-08 22:45:34 (Time Zone: IST)


Wonderla Holidays Limited, India's largest Amusement Park chain has announced its financial results for the quarter and nine months ended 31st December 2023.

Highlights:

- Wonderla Bangalore Park recorded 3.52 lakhs footfalls, Wonderla Kochi Park recorded 2.97 lakhs footfalls and Wonderla Hyderabad Park recorded 2.96 lakhs footfalls.

- Park revenue was up 9% compared to Q3 FY23 and recorded a healthy ARPU of Rs.1,256.

Quarter update:

Footfalls for the Third Quarter ended 31st December 2023 was 9.45 lakhs against 9.19 lakhs during Q3 FY23.

Gross Revenue for the Third Quarter ended 31st December 2023 was Rs.129.52 Crore as against Rs.117.76 Crore during Q3 FY23.

EBITDA for the Third Quarter ended 31st December 2023 was Rs.60.44 Crore as against Rs.61.01 Crore during Q3 FY23.

Profit After Tax for the Third Quarter ended 31st December 2023 was Rs.37.36 Crore against Rs.38.94 Crore during Q3 FY23.

Nine Months' update:

Footfalls for the Nine Months ended 31st December 2023 was 25.43 lakhs as against 25.07 lakhs during the corresponding period of FY23.

Gross Revenue for the Nine Months ended 31st December 2023 was Rs.401.19 Crore as against Rs.339.79 Crore during the corresponding period of FY23.

EBITDA for the Nine Months ended 31st December 2023 was Rs.209.59 Crore as against Rs.178.31 Crore during the corresponding period of FY23.

Profit After Tax for the Nine Months ended 31st December 2023 was Rs.135.35 Crore as against Rs.113.85 Crore during the corresponding period of FY23.

Business Outlook:

Reflecting on the quarter's performance, Mr. Arun K Chittilappilly, Managing Director, remarked, "We've witnessed a robust rebound, delivering a strong performance during the quarter. Our strategic focus on diverse footfall segments, coupled with innovations in Events, Ride Plus activities, and F&B offerings, alongside operational excellence, has yielded positive results. The strong footfall numbers recorded across our Bangalore, Kochi, and Hyderabad parks are a testament to the enduring appeal of our offerings. Additionally, the 9% increase in park revenue compared to the previous quarter, along with a healthy Average Revenue Per User (ARPU) of Rs.1,256, showcases the robust financial performance of our business. We're pleased with the overall performance and anticipate a continued uptrend in footfall across all locations in the upcoming quarters. We are pleased to announce that our 4th amusement project in Bhubaneshwar, will open ahead of schedule in Q1 of FY 25, 3 months earlier than expected. We hope to capitalise on the coming summer season for our brand-new park. Chennai Park is under construction, and we hope to open in FY 26.

Shares of Wonderla Holidays Limited was last trading in BSE at Rs. 870.15 as compared to the previous close of Rs. 896.65. The total number of shares traded during the day was 4840 in over 445 trades.

The stock hit an intraday high of Rs. 918.65 and intraday low of 854.80. The net turnover during the day was Rs. 4291693.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

The South Indian Bank Ltd approves 1:4 rights issue at Rs. 22 per share

Club Mahindra partners with The Marmara ?i?li Resort in Turkey to provide its members with holiday options in Istanbul

PVP Ventures Ltd announces a Joint Development with Brigade Enterprises Ltd

Mangal Credit and Fincorp Ltd approves preferential issue

Vikas Lifecare Ltd's Subsidiary PME Entertainment Presents Two Spectacular Events in Dubai

Genpharmasec Limited allots 27,68,59,850 Rights Equity Shares

Dow Jones and Infosys Introduce Upgraded Preference Center for Wall Street Journal Subscribers

Union Bank of India sanctions OTS of Kridhan Infra Ltd

Ceinsys Tech Ltd receives order

Ashiana Housing Ltd launches Phase 1 of Ashiana Nitara

Apollo Micro Systems Ltd receives term loan sanction from SBI

Brigade Group to expand its Residential and Hospitality Portfolios in Chennai

LTIMindtree and Eurolife FFH Sign MoU to Setup Gen Al and Digital Hubs in Europe and India

63 moons unveils disruptive technology in Cybersecurity

Airtel strengthens its retail footprint in Vijaywada

TVS Eurogrip exhibits prominent agri related products at Krishi Darshan Expo in Haryana

Infosys Foundation and the Centre for Cellular and Molecular Platforms to Strengthen Maternity Care in Karnataka

Mafatlal Industries Limited's Annual Report wins Platinum Award

Ambuja Cements Proposes Setting up a 4 MTPA Cement Grinding Unit in Godda, Jharkhand

Airtel adds 39 new stores in Chennai, doubles its retail store presence

PennWhite Limited, UK forms subsidiary in India

UltraTech Cement Limited commissions 1.8 MTPA brownfield cement capacity at Kotputli, Rajasthan

HFCL to Expand Presence in Europe with setting up of Optical Fiber Cable Plant in Poland

Vipul Organics participates in PAINTINDIA, the largest paint exhibition of the country

Ericsson and Airtel successfully demonstrate 5G FWA functionality on mmWave

Co-op Expands Partnership with TCS with a Cloud-First Strategy to Support its Business Growth and Sustainability Roadmap

Popeyes India brings a dash of Louisiana to the heart of Delhi with its first store in Chandni Chowk

Patel Engineering Ltd JV declared L1 for irrigation project worth Rs. 525.36 crores

Cosmo First wins two prestigious awards

Airtel adds 4 new stores, doubles its retail store presence in Bhubaneshwar

Zen Technologies Ltd receives order worth Rs. 93 crores

Lumos selects STL as a partner to build transformative 100% fiber optic internet infrastructure in the US

BluSmart inks multi-year PPA with Tata Power arm

Zaggle Prepaid Ocean Services Ltd enters into agreement with Arcadis Consulting

CarLelo unveils new brand identity at Women Premier League 2024

Airtel doubles its retail store presence in Amritsar, adds 3 new stores

G R Infraprojects Ltd to sell 7 subsidiaries to Bharat Highways InvIT

Bright Outdoor Media Ltd gets BSE nod for preferential issue

Valiant and CXR cooperation for Cyber Security solutions in France and neighboring European countries

Kilburn Engineering Ltd expands portfolio with acquisition of M.E Energy

Seedlings India Pvt Ltd gets patent

Garment Mantra Lifestyle Ltd to set up new wholesale hub in Surat

Satin Creditcare forays into Telangana and Andhra Pradesh

Revolt Motors accelerates presence with 15 New Dealerships Across India

Wipro and Intel Foundry announce new collaboration to Advance Chip Design and Development

Godrej Industries Limited - Chemicals features in The CDP Climate Change Leadership Index

ESAF Small Finance Bank gets ISO certification for operations

ABB India reports net profit of Rs. 338.66 crores in Q4 CY2023

IMplus Capitals Ltd consolidated Q3 FY24 net profit at Rs. 41.86 crores

GR Tarakote Sanjichhat Ropeway Pvt Ltd signs concession agreement with Shri Mata Vaishno Devi Shrine Board


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020