Wonderla Holidays Q3 FY25 Results: Net Profit Dips 45.6%, Revenue Down Nearly 2%
Wonderla Holidays Ltd. reported a 45.6% decline in net profit to Rs 20.3 crore for the third quarter ended December 31, 2024, compared to Rs 37.4 crore in the same period last year. Revenue also fell by 1.7% to Rs 122 crore, down from Rs 124 crore in the year-ago period. The company’s shares closed 6.24% lower at Rs 717.30 on the NSE.
Key Highlights of Wonderla Holidays’ Q3 FY25 Results
Financial Performance
- Net Profit: Rs 20.3 crore, down 45.6% YoY.
- Revenue: Rs 122 crore, down 1.7% YoY.
- EBITDA: Rs 37 crore, down 32% YoY.
- EBITDA Margin: 30.6%, compared to 44.1% in the previous year.
Operational Challenges
The decline in profitability and revenue was attributed to operational challenges and reduced footfall at its amusement parks. The company’s EBITDA margin also contracted significantly, reflecting higher operational costs and lower revenue generation.
Management Changes
The board of Wonderla Holidays approved the re-designation of Arun K Chittilappilly as the Managing Director and Executive Chairman, effective January 27, 2025. Additionally, Aprameya Radhakrishna was appointed as an additional (independent) director, effective February 1, 2025.
Stock Performance
Shares of Wonderla Holidays closed at Rs 717.30 on the NSE, down 6.24% for the day. Over the past 12 months, the stock has declined by 17.07%. Despite the recent downturn, all three analysts tracking the company maintain a 'buy' rating, with a 12-month price target implying a potential upside of 50.6%.
Analyst Outlook
Analysts remain optimistic about the company’s long-term prospects, citing its strong brand presence and potential for recovery in footfall and revenue. However, short-term challenges in operational efficiency and market conditions remain a concern.
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