Wonderla Holidays (WONDERLA) Q3 25/26 earnings summary

Executive summary

• Launched the largest amusement park in Chennai, completed in 21 months with an investment of INR 611 crore and a 10-year local tax exemption.

• Q3 FY26 revenue from operations reached INR 134.5 crore (Rs. 13,453 lakhs), with footfalls at 9.17 lakh and EBITDA up 12% year-on-year.

• Resort business saw strong growth, with Q3 revenue up 71% year-on-year and occupancy at 68%.

• Unaudited financial results for the quarter and nine months ended 31 December 2025 were approved and reviewed without qualification by auditors.

• 8,500 stock options were granted under the Employee Stock Option Scheme.

Financial highlights

• Q3 FY26 total income was Rs. 14,145 lakhs, up 12% year-over-year; EBITDA margin at 35.0%.

• Q3 PAT was Rs. 1,435.20 lakhs, down 29% year-over-year due to new labour code costs and higher depreciation.

• For 9M FY26, total income was Rs. 40,903 lakhs, up 9% year-over-year; PAT was Rs. 6,509.50 lakhs, down 34%.

• Q3 ARPU increased by 8% year-on-year to Rs. 1,377.

• EPS for Q3 FY26 was Rs. 2.28 (basic), compared to Rs. 3.44 in Q3 FY25.

Outlook and guidance

• Focus on ARPU and footfall growth, with expectations of 1-3% annual footfall growth in mature parks.

• New parks expected to be announced and initiated within the next 1-2 years, with 6-7 parks targeted in 5-8 years.

• Chennai park expected to reach mature park revenue and margin levels in 3-4 years.

• No formal revenue or margin guidance provided due to variability in new park ramp-up.

• The company will continue to monitor regulatory changes, especially regarding new labour codes.