Wonderla Holidays announces Q4 & Full Year FY21 Results

Wonderla Holidays Ltd., India's largest Amusement park chain has announced its financial results for the Fourth quarter and Financial Year ended on 31st March 2021.

Highlights:

- Hyderabad Park was re-opened to the public on 9 th January 2021 with an invitation price of Rs. 699 (inclusive of GST) till 31st January 2021. Wonderla initiated Warrior's week at Hyderabad to thank the COVID-19 frontline workers for their tremendous efforts during the pandemic.

- Gross revenue for the Fourth Quarter ended March 31st 2021, was Rs. 34.79 crores, which is 77% achievement against the corresponding period of last financial year- Rs. 44.91 crores. Gross Revenue for the financial year ended March 31st 2021 stood at Rs. 44.71 Crores, as against Rs. 282.88 Crores in the previous financial year 2019-20.

- In the Fourth Quarter 2020-21 the Company achieved a total footfall of 3.11 lakhs as against 4.05 lakhs in the corresponding period of last Financial Year. Bangalore Park achieved 1.18 lakhs, Kochi Park achieved 0.82 lakhs and Hyderabad Park achieved 1.11 lakhs of footfall. During the Quarter, In January, parks were functional only from Thursday to Sunday and in February, from Wednesday to Sunday and all the Parks were opened on all the days in the month of March.

- Loss after tax for the Fourth Quarter ended March 31st 2021 was Rs. 4.87 crores as against Profit after tax of Rs. 1.56 crores during the corresponding period of last financial year. Loss after Tax for the financial year ended March 31st 2021 was Rs. 49.93 crores, as against Profit after tax of Rs. 64.78 crores during the corresponding period of last financial year.

- EBITDA for the Fourth Quarter was Rs. 4.03 crores as against Rs. 7.56 crores over the corresponding period of last Financial Year. EBITDA for the financial year ended March 31st 2021 was Rs. - 22.29 crores as against Rs. 116.11 crores in the previous Financial Year 2019-20.

- Resort achieved 28% occupancy during the fourth quarter of financial year 2020-21 as against 33% during the corresponding period over last year.

Business Outlook: Commenting on the performance during the quarter, Mr. Arun K Chittilappilly, Managing Director said, "The parks were shut down in March 2020 due to the pandemic and the revenue opportunity during the last 8 months was completely lost. The bright spot during the fourth quarter was the re-opening of our Hyderabad Park in January. We are delighted by the trust that our patrons have shown in us as we resumed business after eight months in November 2020, which reinforced our confidence to reopen all parks in a phased manner. During the 4th quarter, in January Parks were functional only from Thursday to Sunday and we slowly increased the number of park open days in February from Wednesday to Sunday and finally with the support of our customers in the month of March we opened all our parks in all days. During the period, we tasted success with many innovative offerings like Women only outing on Women's day, Valentines' day package for the couple for Parks and Resort, free entry to anyone named Kamala to honour the US VP's win which gave us a tremendous visibility across the world. As a testimony to our excellent hygiene practices, all Wonderla Parks have received the COV-Safe certification by Bureau Veritas India and become the first amusement park in India to be awarded for the same. We wanted to reassure our visitors of safety and hygiene followed at the theme park and this certification is a step ahead in that direction. We look forward to offering the public an opportunity to unwind and relax at Wonderla soon".

Shares of Wonderla Holidays Ltd was last trading in BSE at Rs.210.4 as compared to the previous close of Rs. 209.35. The total number of shares traded during the day was 6231 in over 400 trades.

The stock hit an intraday high of Rs. 216 and intraday low of 208.8. The net turnover during the day was Rs. 1320681.

Source : Equity Bulls

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