Wonderla Holidays (WONDERLA) Q4 18/19 earnings summary

Executive summary

• FY19 operating revenue was ₹28,204 lakh, up 4% YoY; PAT rose 44% to ₹5,541 lakh despite adverse weather and regional disruptions.

• Total park footfall edged up to 25.23 lakh from 24.87 lakh; Bangalore and Hyderabad grew 10% each, while Kochi declined 14%.

Financial highlights

• Revenue from operations was ₹29,165.70 lakh versus ₹27,834.06 lakh; total income reached ₹29,165.70 lakh, including ₹961.51 lakh other income.

• PBT increased 42% to ₹8,403.84 lakh; PAT rose 44% to ₹5,541.41 lakh from ₹3,850.39 lakh.

• EBITDA was ₹11,434 lakh, up 28% YoY; operating expenses fell to ₹16,770 lakh from ₹18,139 lakh.

• Basic EPS was ₹9.81 versus ₹6.81; diluted EPS was ₹9.80 versus ₹6.81.

Outlook and guidance

• FY20 priorities include differential weekday pricing, resort-and-park packages, new attractions, technology investment, park refurbishment and higher repeat visits; initiatives are expected to support higher revenue.

• Hyderabad resort development is planned; Chennai construction awaits state action on the 10% local levy, with completion expected within two years after withdrawal.

• Plans include developing undeveloped land at existing parks and pursuing opportunities for new parks in other geographies.