Comments
Rising footfalls - both from retail and institutional channels - have enabled the amusement park chain Wonderla Holidays to achieve a gross revenue of ₹112.6 crore in Q4 FY23 compared to ₹44.91 crore in the corresponding quarter last fiscal.
The gross revenue for the whole year ended March 31 stood at ₹452.4 crore against ₹282.9 crores during FY20. PAT for Q4 was ₹35.05 crore against ₹1.56 crore in Q4 FY20. PAT during the whole year was ₹148.9 crore against ₹64.78 crore during FY20.
The company said footfall surpassed pre-pandemic level and achieved double digit revenue growth across units.
Also read: Wonderla Holidays: Why investors should accumulate this stock
The Board of Directors has proposed a final dividend of ₹2.50 per share.
Arun K Chittilappilly, Managing Director said, “We experienced a remarkable surge of 2x in footfall and 3x in revenue growth, driven by an increase in walk-in customers and the resurgence of institutional sales. The company’s success is a testament to its focused efforts in attracting visitors across various segments, including Ride plus activities, F&B, and Retail offerings and Events, while ensuring efficient operations. The construction of our new park in Bhubaneswar, Odisha has begun, and the aim is to open it by 2025.”
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.