Wonderla

This amusement park operator, Wonderla Holidays, posted stellar 26% YoY rise in its total income, which came in at Rs. 43 crores v/s Rs. 34 crores, leading to 37% YoY jump in EBITDA to Rs. 15 crores. Also, sequential EBITDA Margin expansion of 280 bps is seen excellent, coming in at 34.2%. PAT is standing tall at Rs. 12 crores, which has nearly doubled from Rs. 6.5 crores on YoY basis.

Amusement Park contributed near 84% to total revenues, and saw segment EBIT rising to Rs. 9.4 cores. It’s Resort Division, although reported loss of Rs. 18 lakhs v/s 31 lakhs YoY, has seen stable revenue growth of 5% YoY. Company is nearly debt free at net level. Q3 is seasonally a stronger quarter due to festive season. Hence, that should help improve full year performance for FY16. As such the company is expected to surpass FY15 net profit of Rs.51 crore as its H1FY16 net profit is already at Rs.40 crore.