Wonderla Holidays PBT Surges 22% in the financial year 2017-18
Recommends a dividend of 15% to the share holders
Bangalore – 26th May, 2018: 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.
Highlights:
• 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). Similarly the 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%.
• Business Outlook:
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.”
About Wonderla Holidays Ltd:
Wonderla Holidays Limited is India’s largest and most popular amusement park operator. The company currently owns and operates three amusement parks in Kochi, Bangalore and Hyderabad and a resort at the Bangalore facility named ‘Wonderla Resort’. Wonderla is unique in that it designs and creates its own attractions, and has an R&D facility to design and manufacture rides for its own amusement parks. Many of its rides have been custom made and imported from reputed international suppliers, making them unique in India. Wonderla parks have been visited by over 3 crore people since 2000 making them the most visited amusement parks in India. Wonderla is ranked India’s No.1 amusement park and Asia’s 6th best amusement park as per Trip Advisor ranking for the fifth consecutive year.Wonderla also has the best safety record for its parks, and are ISO 14001 and OHSAS 18001 certified. Wonderla stands for an energising and memorable outing for guests of all ages and help them #GetCloser. For further information on Wonderla, visit www.wonderla.com