Wonderla Holidays Ltd. share price target

Wonderla Holidays' results were broadly above our estimates at EBITDA & PAT level with a marginal miss on the revenue front. During the quarter, margins recovered sharply to 55.3% (up 1267 bps YoY) led by operating leverage benefit and high cost base of last year as it included tax provision of | 10.4 crore towards disputed liabilities Hyderabad (new), Bengaluru (matured) park reported 21.7%, 3.3% YoY growth in footfalls, respectively. However, Kochi reported 2.1% YoY drop in footfalls due to outbreak of Nipah virus and monsoon impact...

Wonderla Holidays Ltd posted subdued performance for Q4FY18, on back of decline in footfalls. Net revenue declined by 7.5%, whereas EBITDA and PAT margin expanded to 27.8% and 6.7%, respectively driven by improved operational efficiency.

Wonderla Holidays' results were below our estimates. Revenues declined 7.5% YoY to | 54.9 crore (vs. I-direct estimate: | 66.5 crore) mainly led by 12.1% YoY decline in footfall Bengaluru park revenues fell 11.2% YoY to | 22.4 crore while revenues from the Kochi park declined 14.7% YoY to | 15.7 crore mainly led by a...

Wonderla Holidays (WHL) in 3QFY18 posted revenues of Rs. 63.8 Cr (down 6.4% Y-o-Y, up 29% Q-o-Q) due to decrease in footfalls by 8% Y-o-Y caused by shift in festive season, which was partially offset by increase of 1.8% YoY in average revenue per visitor.

Wonderla Holidays reported subdued Q3FY18 result due to drop in footfalls after introduction of 28% GST rate from July 1. Net Revenue declined 6.4%, whereas Net profit increase by 48.3% due to better operational efficiency. The company saw an overall reduction of 8% in footfalls on account of steep price increases post GST; however its resort division continued its steady performance with 50% occupancy.

Wonderla Holidays reported a mixed set of numbers. Revenues declined 6.4% YoY to | 63.8 crore (vs. I-direct estimate of | 74.1 crore) mainly led by an 8% decline in footfall Bengaluru park revenues declined 16.4% YoY to | 24.3 crore while revenues from the Kochi park declined 11.1% YoY to | 20.7 crore mainly led by a decline in footfall. However, Hyderabad park revenues increased 13.6% YoY to | 16.4 crore mainly led by higher footfall EBITDA margin increased from 17.6% to 29.8% in Q3FY18 (vs. I-direct...

Wonderla Holidays Ltd (WHL) is the largest amusement park chain in India with over 17 years of successful operations. WHL has been running amusement park in southern India through 3 operational parks in Kochi, Bangalore and Hyderabad. The company follows low capex model with its parks located near large cities with less than 7 years of payback period as against capex intensive holiday destination model. In order to tap huge opportunity in the sector, WHL is expanding its presence to Chennai where it has finalized land and is further targeting new geographies particularly in...

Wonderla Holidays (WHL) in 2QFY18 posted revenues of Rs. 49.4 Cr (up 1.3% Y-o-Y, down 52% Q-o-Q) due growth in average revenue per visitor by 7.1% Y-o-Y which was offset by decrease in footfalls by 5.4% YoY due to unseasonal and excessive rains across markets, price hikes and GST impact.

Wonderla Holidays (WHL) Q2FY18 results were below our estimate. The company's gross revenues increased 15.0% YoY however, net revenues increased marginally by 1.3% YoY to | 49.4 crore (vs I-direct estimate of | 57.4 crore) mainly led by higher GST rates Bengaluru park revenues increased 4.3% YoY to | 19.4 crore and revenues from Hyderabad park increased 23.9% YoY to | 9.6 crore mainly led by higher footfall. However, Kochi park revenues declined 9.3% YoY to | 18.1 crore mainly led by decline in footfall...

Wonderla Holiday Ltd. (WHL) reported steady Q1FY18 results on expected lines. Net sales increased by 18.3% YoY to Rs 102.3crs, primarily led by increase in realisation. EBITDA increased by 17.3% YoY to Rs 47.3crs. Net profit came in at Rs 26crs, a growth of 15.7% over Q1FY17.