Bangalore Park recorded 1.96 lakhs footfalls, Kochi Park recorded 1.39 lakhs footfalls, Hyderabad Park recorded 0.92 lakhs footfalls, and Bhubaneswar Park recorded 0.24 lakhs footfalls.
Wonderla Holidays Limited, one of India’s largest amusement park chains, has announced its financial results for the second quarter and half year ended 30 September 2024.
The second quarter recorded the second highest revenue since inception. Footfalls during the quarter were 4.51 lakhs. Bangalore Park recorded 1.96 lakhs footfalls, Kochi Park recorded 1.39 lakhs footfalls, Hyderabad Park recorded 0.92 lakhs footfalls, and Bhubaneswar Park recorded 0.24 lakhs footfalls.
The half year recorded a total of 14.52 lakhs footfalls. Bangalore Park recorded 5.54 lakhs footfalls, Kochi Park recorded 4.14 lakhs footfalls, Hyderabad Park recorded 3.91 lakhs footfalls, and Bhubaneswar Park recorded 0.93 lakhs footfalls.
For the second quarter ended September 30, 2024, footfalls were 4.51 lakhs, compared to 4.96 lakhs during the same period last year.
The Gross revenue for the quarter stood at INR 71.23 crores, reflecting a 13% decline from INR 81.41 crores in the corresponding period of the previous financial year.
EBITDA for the quarter was INR 2.75 crores, marking a 90% decline compared to INR 26.65 crores in the same period last year, mainly due to increased marketing expenses and recruitment efforts aimed at building long-term brand value, raising awareness for the new park, and supporting Wonderla’s expansion plans.
The Adjusted EBITDA for the quarter was INR 4.74 crores, showing an 82% decrease from INR 26.65 crores in the previous year’s corresponding period. However, Profit After Tax (PAT) for the quarter increased by 9%, reaching INR 14.72 crores, up from INR 13.52 crores in the same quarter last year.
For the half year ended September 30, 2024, footfalls were 14.52 lakhs, compared to 15.98 lakhs during the same period last year. Gross revenue for the half year stood at INR 248.69 crores, reflecting an 8% decline from INR 271.67 crores in the corresponding period of the previous financial year.
EBITDA for the half year was INR 98.71 crores, marking a 34% decrease compared to INR 149.15 crores in the same period last year.
The Adjusted EBITDA for the half year was INR 106.54 crores, a 29% decline from INR 149.15 crores in the corresponding period of the previous year. Profit After Tax (PAT) for the half year was INR 77.96 crores, showing a 20% decrease compared to INR 97.99 crores in the same period last year.
Commenting on the performance during the quarter, Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd., said “Wonderla’s achievement of its second-highest Q2 revenue since inception highlights the brand’s resilience and appeal, even in a dynamic market environment. This quarter’s footfall of 4.51 lakh reflects our dedicated efforts across Bangalore, Kochi, Hyderabad, and Bhubaneswar, despite challenges from shifting consumer preferences and natural disruptions, including landslides in Kerala and floods in Andhra Pradesh and Telangana. Each park made significant contributions, underscoring Wonderla’s regional strength and the sustained popularity of our offerings.”
He further added, “While discretionary spending showed caution, our strategic emphasis on growing non-ticket revenue and engaging higher-value visitors has supported profitability. This quarter also saw a notable rise in online bookings especially across our established parks in Bangalore, Kochi, and Hyderabad compared to the same period last year. This aligns with Wonderla’s focused efforts to expand its online presence each year. Wonderla remains steadfast in delivering world-class experiences and adapting to shifting market trends. Our ongoing commitment to innovation and operational resilience not only reinforces current growth but positions Wonderla to capture new opportunities within India’s expanding amusement and entertainment sector.”
