Business
Wonderla Holidays Limited announces results for the first quarter of FY 2021-22
Highlights:
Gross Revenue for the First Quarter ended June 30th, 2021 was Rs.5.43 crores against Rs.1.84 crores during the corresponding period of the last financial year.
In the First Quarter 2021-22, the Company achieved a total footfall of 34,485 against Nil Footfalls in the corresponding period of last Financial Year (parks remained closed on account of COVID-19 Pandemic first wave). Footfalls in Bangalore was 11,171 nos., Kochi 12,012 nos. and Hyderabad 11,302 nos. respectively for 18 days of park operations.
EBITDA loss for the First Quarter 2021-22 was Rs.9.05 crores against Rs.10.06 crores of the corresponding period of last Financial Year.
Loss after tax for the First Quarter 2021-22 ended 30th June 2021 was Rs.13.25 crores as against a loss after tax of Rs.14.51 crores during the corresponding period of last Financial Year.
The second wave of Covid-19 impacted Q1 FY22 operations significantly.
Resort achieved 19% occupancy during the first quarter of the Financial Year 21-22. During the corresponding period of last Financial Year, the resort remained closed on account of the first wave of COVID-19 Pandemic.
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.
However, Hyderabad Park has re-opened on 5th August 2021 and Bangalore Park is planned to re-open on 12th August 2021. Parks will be open to the public from Thursday to Sunday / public holidays with an invitation price of Rs.799 for all categories of tickets. As a mark of gratitude and admiration, we have invited 1,500 COVID angels to Hyderabad Park from 5th to 8th August 2021 and 1,500 to Bangalore Park from 12th to 15th August 2021.
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. All our staff is vaccinated and we are fully prepared to welcome our customers to our park, following all safety precautions.”
