Wonderla Holidays Limited announces results for Q3 FY22.
Bangalore – 10th February, 2022: Wonderla Holidays Ltd., India’s largest Amusement park chain has announced its financial results for the third quarter ended 31st December 2021.
Highlights:
Q3 FY22 was the best quarter from the last 7 quarters. The company recorded PAT positive.
Gross Revenue for the Third Quarter ended December 31st, 2021 was Rs.50.10 crores over Rs.6.32 crores during the corresponding period of the last Financial Year.
EBITDA for the Third Quarter 2021-22 was Rs.16.05 crores against EBITDA loss of Rs.8.70 crores during the corresponding period of last Financial Year.
Profit after tax for the third Quarter 2021-22 ended 31st December 2021 was Rs.4.55 crores as against loss after tax of Rs.14.75 crores during the corresponding period of last Financial Year.
In the Third Quarter of 2021-22, the Company achieved a total footfall of 3.81 lakhs.
With Q3 results, recorded nine months’ EBITDA positive and improved cash position.
Resort achieved 58% occupancy during the third quarter of the Financial Year 21-22. Long stays and groups improved the occupancy during the quarter.
Business Outlook: Commenting on the performance during the quarter, Mr. Arun K Chittilappilly, Managing Director said
“We have delivered a strong and resilient performance during the quarter. The quarter was marked with strong performances from the festive season: Dussehra, Christmas, and New Year. Our performance is reflective of strategic focus on footfall from various segments, experimenting with new areas (park plus activities and F&B offerings), concentrated digital marketing activities (groups, walk-ins & events), and 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 ensuing quarters.”
About Wonderla Holidays Ltd:
Wonderla Holidays Limited is India’s largest and most popular amusement park operator. The company currently owns and operates three amusement parks in Kochi, Bangalore, Hyderabad and a resort at Bangalore named ‘Wonderla Resort’. Many of its rides are custom made and imported from reputed international suppliers, making them unique in India. Wonderla parks have been visited by over 3.5 crores visitors since 2000 making them the most visited amusement parks in India. Wonderla is among the top ranked amusement parks in India and Asia. For further information on Wonderla, visit www.wonderla.com
