Wonderla Holidays Ltd's Q4FY17 result was a mixed bag as the company reported healthy growth on sales front; however, margins were under pressure, much on expected lines. Net sales increased by 37.6% yoy while EBITDA and PAT declined by 10.3% and 54.4% respectively over Q4FY16. The management has guided steady growth in footfalls and realisation. We expect Chennai Park to be operational in H2FY19E, which will further aid revenue growth.