By BW Hotelier
WONDERLA HOLIDAYS Limited, one of the largest operators of amusement parks in India that currently owns and operates amusement parks and resorts declared gross revenue for Q1 ending June 30 for fiscal year 2015-16 at Rs 7465.39 lakh, an increase of 12.80 per cent over corresponding period last financial year (Rs 6615.57 lakh).
The Profit After Tax for the Q1 was Rs 2804.16 lakh, an increase of 12.90 per cent over corresponding period last financial year (Rs 2483.47 lakh). The revenue from the two amusement parks ’ Bengaluru and Kochi was Rs 7147.09 lakh for the quarter under review while the revenue from resort was Rs 318.30 lakh.
Commenting on the company’s performance Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd., said, ’We are happy with the revenues that the company has achieved during the first quarter of the financial year. We continue to be optimistic about the performance of both the Bengaluru and the Kochi parks, although there are short term challenges in terms of footfall growth. This is due to the added service tax burden of 14 per cent to our customers from June 1, 2015. We are looking to bring an increase in the footfall by adding never-before-seen mega rides at both the parks. We look forward to commencing operations at the Hyderabad Park in the coming year’
Wonderla Resort has achieved 48 per cent occupancy during the quarter. Construction of Hyderabad Theme park project is going on according to plan and we hope to open the project during Q1 of FY 2017. Wonderla Hyderabad will be the first large-scale tourism project to open after the Formation of Telengana State, he added.
Wonderla Holidays Ltd. currently owns and operates two amusement parks under the brand name ’Wonderla’, situated at Kochi and Bengaluru. It also owns and operates a resort besides its amusement park in Bengaluru under the brand name ’Wonderla Resort’, which has been operational since March 2012.
WONDERLA HOLIDAYS Limited, one of the largest operators of amusement parks in India that currently owns and operates amusement parks and resorts declared gross revenue for Q1 ending June 30 for fiscal year 2015-16 at Rs 7465.39 lakh, an increase of 12.80 per cent over corresponding period last financial year (Rs 6615.57 lakh).
The Profit After Tax for the Q1 was Rs 2804.16 lakh, an increase of 12.90 per cent over corresponding period last financial year (Rs 2483.47 lakh). The revenue from the two amusement parks ’ Bengaluru and Kochi was Rs 7147.09 lakh for the quarter under review while the revenue from resort was Rs 318.30 lakh.
Commenting on the company’s performance Arun K Chittilappilly, Managing Director, Wonderla Holidays Ltd., said, ’We are happy with the revenues that the company has achieved during the first quarter of the financial year. We continue to be optimistic about the performance of both the Bengaluru and the Kochi parks, although there are short term challenges in terms of footfall growth. This is due to the added service tax burden of 14 per cent to our customers from June 1, 2015. We are looking to bring an increase in the footfall by adding never-before-seen mega rides at both the parks. We look forward to commencing operations at the Hyderabad Park in the coming year’
Wonderla Resort has achieved 48 per cent occupancy during the quarter. Construction of Hyderabad Theme park project is going on according to plan and we hope to open the project during Q1 of FY 2017. Wonderla Hyderabad will be the first large-scale tourism project to open after the Formation of Telengana State, he added.
Wonderla Holidays Ltd. currently owns and operates two amusement parks under the brand name ’Wonderla’, situated at Kochi and Bengaluru. It also owns and operates a resort besides its amusement park in Bengaluru under the brand name ’Wonderla Resort’, which has been operational since March 2012.
