Wonderla Holidays (WONDERLA) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 revenue was INR 121.5 crore, a 1.7% year-over-year decline, mainly due to lower turnout in Bhubaneswar and Cochin, despite Hyderabad achieving its best-ever Q3 in eight years.

• Footfall for the quarter was 9.18 lakhs, with group visits driving strong growth in Hyderabad, while Bangalore and Kochi were impacted by weather and health concerns.

• Digital transformation initiatives, new attractions, and vibrant events supported guest engagement and maintained footfall.

• Chennai Park is expected to open by December 2025, and Bangalore resort extension is on track for launch at the start of the next financial year.

• Unaudited financial results for the quarter and nine months ended 31 December 2024 were approved by the Board and reviewed by auditors with an unmodified conclusion.

Financial highlights

• Q3 revenue: INR 121.5 crore, down 1.7% YoY; nine-month revenue: INR 361.8 crore, down 5.6% YoY.

• Q3 EBITDA (including other income): INR 42.2 crore, down 30.3% YoY; EBITDA margin: 33.3%.

• Q3 PAT: INR 20.3 crore, down 45.7% YoY; PAT margin: 16.1%.

• Total income for Q3 FY25 was Rs. 12,649.75 lakhs, up from Rs. 7,122.59 lakhs in Q2 FY25 and Rs. 12,952.12 lakhs in Q3 FY24.

• Net profit for Q3 FY25 was Rs. 2,024.38 lakhs, with EPS (basic) at Rs. 3.44 for the quarter.

Outlook and guidance

• Management remains positive on long-term growth, expecting recovery in footfalls as weather normalizes and new attractions open.

• Bhubaneswar expected to see improved footfalls from March onwards, with break-even projected at 2-2.5 lakh annual visitors, likely next year.

• No formal guidance for FY26, but Q1 FY26 expected to be stronger, especially for Bhubaneswar.

• Management continues to evaluate performance and allocate resources based on segment analysis, with a focus on amusement parks and resort growth.