Wonderla Holidays Ltd. - India's No.1 Amusement Park operator has announced its financial results for the Fourth quarter and the Financial year ended on 31st, March 2018.
Gross Revenue for the Financial year ended March 31, 2018 stood at Rs.278.34 crores, against Rs 274.99 crores in the previous Financial Year 206-17. Gross revenue for the Fourth Quarter, ended March 31, 2018, was at Rs. 56.38 crores; against 61.98 crores in the corresponding period last financial year.
Profit before tax recorded a growth of 22% (Rs. 59.24 crores) over the last financial year (Rs 48.53 crores) as a result of series of strategic initiatives taken by the Management to optimize costs. We believe that such initiatives need to be strengthened for sustained savings in the future.
Profit after Tax for the year ended March 31, 2018 stood at Rs.38.62 crores, increase of 13.60% over last financial year (Rs 33.98 crores). Profit after tax for the Fourth Quarter. ended March 31, 2018, was at Rs 3.74 crores; an increase of 9% over corresponding period last financial year (Rs 3.43 crores).
Revenue from the three amusement parks - Bangalore, Kochi and Hyderabad were Rs. 267.23 crores, as against Rs 263.02 crores over last financial year2016-17.
EBITDA grew 23% to 96.95 Crores from 79.14 for the year ended March 31, 2018 and 50% to 16.75 crores from 11.15 crores in the Fourth quarter ended 31st March 2018 over corresponding last financial year's quarter.
The Resort division had an occupancy rate of 43%.
Commenting about the performance during the quarter, Mr. Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd. Mentioned, "Despite a very challenging business environment, we are happy with our performance during Quarter 4 and the financial year 2017-2018. We were able to reduce costs and the GST reduction for our sector is a welcome change. We recently launched Mission interstellar, our latest ride in Hyderabad Park and we are confident that footfalls will revive in our older parks in the coming quarters. We continue to be optimistic about our prospects of growth in the sector."
Shares of Wonderla Holidays Ltd was last trading in BSE at Rs.357 as compared to the previous close of Rs. 361.05. The total number of shares traded during the day was 9908 in over 110 trades.
The stock hit an intraday high of Rs. 368 and intraday low of 357. The net turnover during the day was Rs. 3591928.