Wonderla Holidays Q4 Review - Better Days Lie Ahead: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Wonderla Holidays Ltd. saw Q4 FY21 footfalls bouncing back to 77% of Q4 FY20 levels with the company’s amusement parks remaining partially operational in January-February 2021 and fully operational in March 2021.
While the second Covid-19 wave in India has led to the company’s parks remaining closed from April 2021 again, the sharp recovery in Q4 FY21 augurs well for the company’s operations to return to pre-Covid-19 levels sometime in FY23E.
With a net cash balance of Rs 0.9 billion as of March-21 and no capex in FY22E, we believe that the company should be able to tide over the transient Covid-19 induced loss in FY22E revenue.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.