Leisure Facilities company Wonderla Holidays announced Q1FY25 results: Footfalls for the first quarter ended June 30, 2024, were 10.02 lakh, as against 11.02 lakh during the corresponding period of the last financial year. Gross revenue for the first quarter ended on June 30, 2024, was Rs 177.47 crore, marking a 7% de-growth compared to Rs 190.27 crore achieved in the corresponding period of the last financial year. EBITDA for the first quarter ended June 30, 2024, was Rs 95.96 crore, marking a 25% degrowth compared to Rs 122.50 crore achieved in the corresponding period of the last financial year. Profit after tax for the first quarter ended June 30, 2024, was Rs 63.24 crore, marking a 25% de-growth compared to Rs 84.47 crore achieved in the corresponding period of the last financial year. The Board of Directors have given in-principle approval for exploring fund raising options by way of Equity/debt/ instruments or any combination thereof to fund expansion plans for the next seven to eight years. Commenting on the performance during the quarter, Arun K Chittilappilly, Managing Director said “With an accumulated footfall of 10.02 lakh in the first quarter of FY 2025 and gross revenue amounting to Rs 177.47 crore, Wonderla's performance speaks volumes about its resilience and commitment to delivering unparalleled entertainment experiences, especially in a challenging quarter like this. Our parks were already operating at capacity during Q1 FY 24, and our efforts focused on boosting non-ticket revenue and attracting a larger share of retail footfall. Our primary focus was on cultivating higher-spending retail customers as opposed to groups. Footfalls were notably affected by an unprecedented heatwave, water shortages, and disruptions related to ongoing election activities, especially in key markets like Bangalore and Kochi, leading to a decline compared to the same period last year. Additionally, there has been a sluggishness in discretionary spending following a surge in 'revenge tourism' post-COVID in FY 23/24. At the same time, we are pleased to report that our newest park in Bhubaneswar, launched on 24 May 2024, has exceeded expectations, receiving a great reception since its inception. The company's relentless dedication to innovation, quality, and customer satisfaction sets the stage for further expansion and success in the quarters to come. Our solid financials and ability to adapt to changing market dynamics make us a formidable contender in the amusement and entertainment sector.” Result PDF
Conference Call with Wonderla Holidays Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Leisure Facilities company Wonderla Holidays announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Footfalls for Q4FY24 was 7.09 lakhs as against 8.04 lakhs during Q4FY23. Gross Revenue for Q4FY24 was Rs 104.8 crore as against Rs 112.6 crore during Q4FY23. EBITDA for Q4FY24 was Rs 40.6 crore as against Rs 56.4 crore during Q4FY23. Adjusted EBITDA for Q4FY24 was Rs 41.9 crore (after adjusting the Employee Stock Option expenses) as against Rs 56.4 crore during Q4FY23. Profit After Tax for the Fourth Quarter ended 31st March 2024 was Rs 22.6 crore as against Rs 35 crore during Q4FY23 FY24 Financial Highlights: Gross Revenue for the Year ended 31st March 2024 was Rs 506 crore as against Rs 452 crore during the corresponding period of FY23. EBITDA for Year ended 31st March 2024 was Rs 250 crore as against Rs 235 crore during the corresponding period of FY23. Adjusted EBITDA for the Year ended 31st March 2024 was Rs 251 crore (after adjusting the Employee Stock Option expenses) as against Rs 235 crore during the corresponding period of FY23. Profit After Tax for the Year ended 31st March 2024 was Rs 158 crore as against Rs 149 crore during the corresponding period of FY23. Recorded highest ever Earnings Per Share at Rs 27.93 in FY24. The Board of Directors has recommended a final dividend of Rs 2.50 per share, subject to the approval by shareholders in the ensuing Annual General Meeting. Arun K Chittilappilly, Managing Director said “We are proud to share that Wonderla Holidays Limited has delivered outstanding results for the financial year ending 31 March 2024, achieving a record revenue of Rs 506 crore and the highest Earnings Per Share in our history at Rs 27.93. Despite a challenging fourth quarter, our annual footfalls of 32.52 lakhs reflect our unwavering commitment to delivering unparalleled amusement experiences. We are on track to soft launch our amusement park in Bhubaneswar on 24 May 2024, we are confident that this new addition will further enhance our growth and appeal. Our strong performance is a testament to the hard work and dedication of our team. We look forward to continuing our growth trajectory and enhancing value for our shareholders and guests.” Result PDF