Wonderla Holidays Limited announces results for the second quarter of FY 2021-22

Wonderla Holidays Ltd., India's largest Amusement park chain has announced its financial results for the second quarter ended on 30th September 2021.

Highlights:

• The second wave of Covid-19 impacted Q2 operations. All the parks remained closed till August 2021. Hyderabad Park reopened on 5th August, Bangalore Park on 12th August and Kochi Park on 1st September 2021 respectively. Bangalore Resort opened on 5th July 2021.
• Gross Revenue for the Second Quarter ended September 30th, 2021 was Rs. 18.32 crores over Rs.1.76 crores during the corresponding period of last financial year.
• EBITDA loss for the Second Quarter 2021-22 was Rs.2.38 crores against loss of Rs.7.57 crores during the corresponding period of last Financial Year.
• Loss after tax for the Second Quarter 2021-22 ended 30th September 2021 was Rs.9.28 crores as against a Loss after tax of Rs.15.79 crores during the corresponding period of last Financial Year.
• In the Second Quarter 2021-22, the Company achieved a total footfall of 1.48 Lakhs against Nil Footfalls in the corresponding period of last Financial Year (parks remained closed on account of COVID-19 Pandemic first wave).
• Resort achieved 23% occupancy during the second quarter of the Financial Year 21-22.

Business Outlook: Commenting on the performance during the quarter, Mr. Arun K Chittilappilly, Managing Director said, "The parks were shut down in the mid of April 2021 due to the second wave of COVID-19 pandemic and the revenue was impacted. During the 2nd quarter, Hyderabad Park was opened from 5th August and Bangalore opened from 12th August whereas Kochi Park opened only on 1st September and was functional only from Thursday to Sunday in the opening month and achieved a footfalls of 1.47 L visitors.

As part of reopening initiative and mark of gratitude, We have invited 4500 'Covid Angels' along with 3 of their family members or friends to a fun -filled day with a free entry to Wonderla Parks. This time we have invited the application from the public and informed them to self-nominate or nominate a person whom they know who have been tirelessly working during the pandemic. We got a tremendous response and it was a huge success.

All our staff are vaccinated and as a testimony to our excellent hygiene practices, all Wonderla Parks have received the COV-Safe certification by Bureau Veritas India and become the first amusement park in India to be awarded for the same. We wanted to reassure our visitors of safety and hygiene followed at the theme park and this certification is a step ahead in that direction.

Despite the challenging business environment, we are happy with the overall business performance during the quarter and are confident that the footfall will show an uptrend across all the locations in the ensuing quarters."

Shares of Wonderla Holidays Limited was last trading in BSE at Rs. 246.25 as compared to the previous close of Rs. 244.15. The total number of shares traded during the day was 23547 in over 1176 trades.

The stock hit an intraday high of Rs. 254.15 and intraday low of 238.80. The net turnover during the day was Rs. 5803268.00.

Source : Equity Bulls

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