Wonderla Holidays Ltd. share price target

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.

With a higher disposable income and increase in discretionary spend, WHL has been able to increase its blended realisation at 14.8% CAGR in FY11-17. Further, with an in-house technical team and controlled cost structure, WHL has maintained average EBITDA margin of ~43% in FY11-17. Consequently, WHL has been able to reduce its payback period from nine years in Kochi to...

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.

Wonderla holidays Q4FY17 results were above our estimates with the company reporting revenue growth of 38% YOY to Rs. 61.2cr (9% above our estimate of Rs.56cr) led by 10.4% YOY growth in the realization and footfall growth of 26.1%.

Wonderla Holidays' (WHL) Q4FY17 results were below our estimates. Revenues increased 37.6% YoY to | 61.2 crore (below I-direct estimate of | 63.1 crore) led by 26.0% YoY increase in footfall led by addition of the new park at Hyderabad and 9.2% YoY increase in realisation Bengaluru park revenues declined 2.3% YoY to | 25.2 crore while revenues from the Kochi park increased 11.5% YoY to | 18.4 crore mainly led by higher realisation. Hyderabad park reported revenues of | 15.3 crore. Resort revenues increased 2.8% YoY mainly led by...

Wonderla Holidays Ltd reported result for 3QFY17 with a ~39% growth in revenue at ~Rs.701 mn vs Rs.502 mn for 3QFY16. The company's EBITDA de-grew by ~27% whereas margin shrunk by ~1707 bps to 19%...

Wonderla Holidays Ltd surprised the street by reporting 39% yoy growth in sales amidst demonetisation woes. EBITDA and PAT declined by 28% yoy and 66% yoy respectively, led by higher operating expenses on account of newly opened Hyderabad park and increase in advertising and marketing expenses.

Wonderla Holidays (WHL) reported a mixed set of Q3FY17 numbers. Revenues increased 39.0% YoY to | 70.1 crore (above I-direct estimate of | 55.7 crore) led by 32.1% YoY increase in footfall led by addition of the new park at Hyderabad and 4.6% YoY increase in realisation The Bengaluru park revenues increased 11.9% YoY to | 29.3 crore while revenues from Kochi park rose 7.6% YoY to | 23.3 crore mainly led by an improvement in footfall and realisation. Hyderabad park reported revenues of | 14.5 crore. Resort revenues rose 19.6% YoY mainly led by...

BUY Wonderla Holidays Ltd CMP at Rs. 353 & 320 for the Target of Rs. 398 - 470

Wonderla Holidays Ltd. (WHL), a leading amusement park operator in India, operates 3 amusement parks at Kochi, Bengaluru and Hyderabad and 1 resort at Bengaluru. The company plans to add one more park in Chennai for which land clearance under progress.