BBN Bureau
BANGALORE/August 12-2022: Wonderla Holidays Ltd, India’s largest amusement park chain, has reported profit after tax (PAT) or net profit of Rs64.38 crore for the quarter ending June 30, 2022 against a loss of Rs13.25 crore for the corresponding period in the previous year.
The company has registered over 11 lakhs (1.1 million) footfalls and over Rs150 crore revenue for the first quarter.
The Bangalore Park recorded 4.23 lakh footfalls (7 per cent above Q1 FY20), Kochi Park recorded 3.48 lakh footfalls (38 per cent above Q1 FY20) and Hyderabad Park recorded 3.47 lakh footfalls (39 per cent above Q1 FY20).
While the park revenue was up by 27 per cent compared with that the in the same period last year, the everage revenue per unit (ARPU) recorded was Rs1300.
The company has signed an agreement with the Government of Odisha for leasing 50.63 acre land towards development of amusement park project in Kumbarbasta Village, Khorda District, Bhubaneswar, Odisha.
Revenue for the first quarter ended June 30, 2022 was Rs152.30 crore as against Rs5.43 crores during the corresponding period of the last financial year.
EBITDA for the first quarter was Rs94.20 crore as against a negative EBITDA of Rs9.05 crore during the corresponding period of the last financial year.
Arun K Chittilappilly, managing director, said the company is back to pre-covid levels and delivered a strong performance during the quarter.
“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,” Chittilappilly said.
