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    Global hunger declines, but rises in Africa and western Asia: UN report

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    Roche provides regulatory update on Elevidys™ gene therapy for Duchenne muscular dystrophy in the EU

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    “World Tiger Day” celebrated.

    SOURCE:REALME

    realme Launches 15 Series with Industry-First AI Edit Genie and Segment leading Performance

    ShareChat & Moj Announce Second Edition of ‘Short Form Big Impact Leadership Summit 2025’

    Prakash Varma to Inaugurate Creators & Marketers School in Calicut

    Himalaya Wellness Champions Bhringaraja in New Anti-Hair Fall Campaign with a Tale of Friendship

    L&T Technology Services Wins ~$60 Million Software Engineering Engagement From US Tier-I Telecom Provider

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    Thomas Cook India net profit stays flat at Rs 73.4 crore in April-June

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    Apollo Bannerghatta Achieves 600+ Ultrafast Fully Automatic Robotic Knee Replacement Surgeries Under Dr. K.T. Rajashekar

    Government Strengthens Measures for Consumer Protection and Curb Unverified Claims by Ayush Product Manufacturers

    Roche provides regulatory update on Elevidys™ gene therapy for Duchenne muscular dystrophy in the EU

    “Every transplant at Kauvery is a commitment to giving life where hope is fading”-Dr. S Vijayabaskaran, Executive Director – Bangalore & Hosur.

    Global childhood vaccination coverage holds steady, yet over 14 million infants remain unvaccinated – WHO, UNICEF

    “The relaunch is our way of expressing gratitude to our early patrons and reintroducing the space with renewed energy.”-Mr. Arup Chatterjee Regional Manger South spokesperson from Barbeque Nation Hospitality Ltd.

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    Sony India launches WF-C710N earbuds with Dual Noise Cancelling and smart AI calling features

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    Emerson NI Days India 2025

    Industry leaders unveil innovative solutions for print, branding, signage and digital displays.

    “This University Is Not Just an Institution—It’s a Mini City of Engineers”: Union Minister Scindia

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    Source: Rolls-Royce Motor Cars PressClub

    ROLLS-ROYCE IN SAINT-TROPEZ: A SUMMER AT THE RIVIERA’S MOST DISTINGUISHED ADDRESSES

    Challenging half year – Audi realignment gains momentum

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    Piaggio Vehicles brings in a new era of Apé Electrik; launches the all-new Apé E-City Ultra and the Apé E-City FX Maxx

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    Four Seasons Hotel Singapore Serves Up a Luxury Sports Experience with Inaugural Summer Smash Padel and Pickleball Tournament Event

    Over 99% of Indian Children Want to Play Sports but 1 in 4 P.E. Classes Get Cancelled, Shows National Survey by Sportz Village

    Gulbarga Mystics to face Mangaluru Dragons in season opener of Shriram Capital Maharaja Trophy KSCA T20  

    ‘The corner defender is the pillar of the team:’ Yogesh Dahiya on his record-breaking Bulls move

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    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

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    Apollo Bannerghatta Achieves 600+ Ultrafast Fully Automatic Robotic Knee Replacement Surgeries Under Dr. K.T. Rajashekar

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    Arunachal Minister inaugurates IITM Travel Fair in Bengaluru

    Moments that CLiQ Sale on Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette

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    “Every transplant at Kauvery is a commitment to giving life where hope is fading”-Dr. S Vijayabaskaran, Executive Director – Bangalore & Hosur.

    Absolute Hotel Services Signs Second Landmark Property in Rajasthan — New Upscale Retreat in Ajmer Marks Strategic Cluster Expansion

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Wonderla recorded Second-highest Quarterly Revenue since Inception, Rs.177.47 crores. Surpassed 1 Million Footfalls

FWM by FWM
July 29, 2024
in Business
0
Arun K Chittilappilly

Arun K Chittilappilly

Bengaluru – 29th July 2024: Wonderla Holidays Limited, India’s largest and premier amusement park chain, has announced its financial results for the first quarter of the financial year ended June 30, 2024.

Highlights:

  • Second highest ever quarterly Revenue and EBITDA since inception.
  • Bangalore Park recorded 3.58 lakhs footfalls, Kochi Park recorded 2.75 lakhs footfalls and Hyderabad Park recorded 2.99 lakhs footfalls.
  • Hyderabad Park recorded the highest-ever Revenue since inception.
  • Kochi Park recorded the second-highest Revenue since inception.
  • The fourth amusement park at Bhubaneswar has started commercial operations with effect from 24 May 2024.
  • Bhubaneshwar Park recorded 0.70 lakhs footfalls.
  • Recorded ARPU of Rs.1,680, a 3% growth YoY.
  • Recorded SPH of Rs.442, a 15% growth YoY.

Quarter Update:

Footfalls for the first quarter ended June 30, 2024, were 10.02 lakhs, as against 11.02 lakhs during the corresponding period of the last financial year. Footfalls were notably affected by an unprecedented heatwave, water shortages, and disruptions related to ongoing election activities, especially in key markets like Bangalore and Kochi, leading to a decline compared to the same period last year.

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Gross revenue for the first quarter ended on June 30, 2024, was Rs. 177.47 crore, marking a 7% de-growth compared to Rs. 190.27 crore achieved in the corresponding period of the last financial year.

EBITDA for the first quarter ended June 30, 2024, was Rs. 95.96 crore, marking a 25% de-growth compared to Rs. 122.50 crore achieved in the corresponding period of the last financial year.

Profit after tax for the first quarter ended June 30, 2024, was Rs. 63.24 crore, marking a 25% de-growth compared to Rs. 84.47 crore achieved in the corresponding period of the last financial year.

The Board of Directors has given in-principle approval for exploring fund raising options by way of Equity/debt/ instruments or any combination thereof to fund expansion plans for the next seven to eight years.

 Business Outlook:

Commenting on the performance during the quarter, Mr. Arun K Chittilappilly, Managing Director said “With an accumulated footfall of 10.02 lakhs in the first quarter of FY 2025 and gross revenue amounting to Rs. 177.47 crores, Wonderla’s performance speaks volumes about its resilience and commitment to delivering unparalleled entertainment experiences, especially in a challenging quarter like this. Our parks were already operating at capacity during Q1 FY 24, and our efforts focused on boosting non-ticket revenue and attracting a larger share of retail footfall. Our primary focus was on cultivating higher-spending retail customers as opposed to groups. Footfalls were notably affected by an unprecedented heatwave, water shortages, and disruptions related to ongoing election activities, especially in key markets like Bangalore and Kochi, leading to a decline compared to the same period last year. Additionally, there has been a sluggishness in discretionary spending following a surge in ‘revenge tourism’ post-COVID in FY 23/24. At the same time, we are pleased to report that our newest park in Bhubaneswar, launched on 24 May 2024, has exceeded expectations, receiving a great reception since its inception. The company’s relentless dedication to innovation, quality, and customer satisfaction sets the stage for further expansion and success in the quarters to come. Our solid financials and ability to adapt to changing market dynamics make us a formidable contender in the amusement and entertainment sector.”

FWM

FWM

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