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 Kochi, 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 non-ticket revenue growth.

• 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.

• Results reflect continued growth in both amusement parks and resort operations, with segment reporting aligned to Ind AS 108.

Financial highlights

• Q3 FY25 total income 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.

• EBITDA for Q3 was INR 42.2 crore, down 30.3% year-over-year; EBITDA margin at 33.3%.

• Profit after tax for Q3 was INR 20.3 crore, a 45.7% decline year-over-year; PAT margin at 16.1%.

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

• For the nine months ended 31 Dec 2024, total income was Rs. 38,335.87 lakhs and net profit was Rs. 9,758.49 lakhs.

Outlook and guidance

• Long-term growth outlook remains positive, with expectations of recovery in footfalls and ARPU, especially as new attractions and parks come online.

• Q1 FY26 expected to be stronger, particularly for Bhubaneswar, as it will have its first full Q1 of operations.

• No formal guidance provided, but management expects normalization and growth in mature parks and new markets.

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