Leisure Facilities company Wonderla Holidays announced Q2FY25 results Gross revenue for Q2FY25, was Rs 71.23 crore, marking a 13% de-growth compared to Rs 81.41 crore achieved in Q2FY24. EBITDA for Q2FY25, was Rs 2.75 crore, marking a 90% degrowth compared to Rs 26.65 crore achieved in Q2FY24. Adjusted EBITDA for Q2FY25, was Rs 4.74 crore, marking an 82% de-growth compared to Rs 26.65 crore achieved in Q2FY24. Profit after tax for Q2FY25, was Rs 14.72 crore, marking a 9% growth compared to Rs 13.52 crore achieved in Q2FY24. Arun K Chittilappilly, Managing Director, Wonderla Holidays, said: “Wonderla’s achievement of its second-highest Q2 revenue since inception highlights the brand’s resilience and appeal, even in a dynamic market environment. This quarter’s footfall of 4.51 lakh reflects our dedicated efforts across Bangalore, Kochi, Hyderabad, and Bhubaneswar, despite challenges from shifting consumer preferences and natural disruptions, including landslides in Kerala and floods in Andhra Pradesh and Telangana. Each park made significant contributions, underscoring Wonderla’s regional strength and the sustained popularity of our offerings. A significant milestone this quarter was the grand opening of Wonderla Bhubaneswar, inaugurated by the Deputy Chief Minister of Odisha, which has expanded our footprint and strengthened our presence in Eastern India. While discretionary spending showed caution, our strategic emphasis on growing non-ticket revenue and engaging higher-value visitors has supported profitability. This quarter also saw a notable rise in online bookings especially across our established parks in Bangalore, Kochi, and Hyderabad compared to the same period last year. This aligns with Wonderla’s focused efforts to expand its online presence each year. Wonderla remains steadfast in delivering world-class experiences and adapting to shifting market trends. Our ongoing commitment to innovation and operational resilience not only reinforces current growth but positions Wonderla to capture new opportunities within India’s expanding amusement and entertainment sector.” Result PDF
Conference Call with Wonderla Holidays Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
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