Q1 Results: Price Hikes, Higher Footfalls Aid Wonderla Holidays’ Revenue

Wonderla Holidays Ltd.’s first-quarter revenue rose, helped by increased footfalls and price hikes, according to its joint Managing Director George Joseph.

The amusement park company’s revenue for the quarter ended June rose 13 percent year-on-year to Rs 117.6 crore. Footfalls in all Wonderla parks grew 8 percent in the first quarter, Joseph said, adding the company also took a 5 percent price hike in the current year and increased prices in its food and beverages segment.

The switch to the new Indian accounting standards had no consequential impact to the company’s operating profit, Joseph said.

Key Takeaways

• Expects revenue of Rs 100 crore from Chennai project in three to five years.
• Slowdown in economy has affected amusement parks as well.
• Looks to maintain growth trajectory in the ongoing quarter, led by the base effect.
• Base second quarter was impacted by Kerala floods.

Q1 Earnings Highlights (YoY)

• Net profit jumps 27.5 percent to Rs 42 crore.
• Ebitda rises 19.3 percent to Rs 68.6 crore.
• Ebitda margin expands by 300 basis points to 58.3 percent.
• Other income rises 66 percent to Rs 3.7 crore.