Wonderla Holidays Limited, India’s largest Amusement Park chain has announced its financial results for the first quarter of the financial year ended 30th June 2022.
Highlights:
- Highest ever quarterly Footfalls, Revenue, EBITDA, and PAT since inception.
- Footfall surpasses pre-pandemic level. Achieved 26% Revenue growth compared to Q1 FY20.
- Bangalore Park recorded 4.23 lakhs footfalls (7% above Q1 FY20), Kochi Park recorded 3.48 lakhs footfalls (38% above Q1 FY20) and Hyderabad Park recorded 3.47 lakhs footfalls (39% above Q1 FY20).
- Double digit revenue growth across units, driven by robust footfall numbers.
- Park revenue was up by 27% compared to Q1 FY20 and recorded ARPU of Rs.1,300.
- Sharp rebound in Resort performance. Highest ever occupancy at 80% and Revenue up by 28% compared to Q1 FY20.
- The Company has signed an agreement with the Government of Odisha for leasing land of 50.63 acres towards development of amusement park project in Kumbarbasta Village, Khorda District, Bhubaneswar, Odisha.
Footfalls for the First Quarter ended 30th June 2022 was 11.18 lakhs as against 0.34 lakhs during the corresponding period of the last Financial Year.
Gross Revenue for the First Quarter ended 30th June 2022 was Rs.152.30 crores as against Rs.5.43 crores during the corresponding period of the last Financial Year.
EBITDA for the First Quarter ended 30th June 2022 was Rs.94.20 crores as against a negative EBITDA of Rs.9.05 crores during the corresponding period of the last Financial Year.
Profit After Tax for the First Quarter ended 30th June 2022 was Rs.64.38 crores as against a loss after tax of Rs.13.25 crores during the corresponding period of the last Financial Year.
- Business Outlook:
Commenting on the performance during the quarter, Mr. Arun K Chittilappilly, Managing Director said “We are back to pre-Covid levels and delivered a strong performance during the quarter. The summer has been encouraging with footfall contribution from both walk-in and groups in all the three parks and this is our highest ever quarterly Footfalls, Revenue, EBITDA, and PAT since inception. The surge in domestic tourism and the phenomenon of “revenge travel” also contributed to the rise in footfalls. Our performance is reflective of strategic focus on footfall from various segments, experimenting with new areas like Events, Ride Plus activities and F&B offerings and the operational excellence of our business. We are happy with the overall business performance during the quarter and are confident that the footfall will show an uptrend across all the locations in the following quarters.”
