Q3 2024 Wonderla Holidays Ltd Earnings Call Transcript
Key Points
- Revenue from operations for the quarter stood at INR 123.6 crores, representing a 9.2% growth over last year's quarter.
- Footfall for the quarter increased by 3% Y-o-Y, reflecting effective marketing efforts.
- ARPU for the quarter increased by 6% Y-o-Y, driven by healthy growth in non-ticket revenue.
- Successfully launched new rides in Hyderabad, which were well received by visitors.
- Expansion plans on track with new parks in Orissa and Chennai, and an MOU signed with the Gujarat government.
- EBITDA for the quarter marginally degrew by 1% Y-o-Y.
- Profit after tax for the quarter decreased by 4%, with PAT margin standing at 28.8%.
- Footfall in Kochi declined due to a COVID scare and other adverse events.
- Higher operational expenses due to increased salary costs and additional marketing activities.
- New parks will initially lower margins as they come into play and require additional staffing and marketing.
Ladies and gentlemen, good day, and welcome to the Wonderla Holidays Q3 FY '24 Earnings Conference Call, hosted by Monarch Networth Capital. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rahul Dani from Monarch Networth Capital. Thank you, and over to you, sir.
Yes. Thank you, Bhavin. Good afternoon. On behalf of Monarch Networth Capital, we are delighted to host the senior management of Wonderla Holidays. And we have with us today Mr. Arun, the Managing Director of the company; Mr. Saji, CFO; and Mr. Dheeran, Chief Operating Officer. We will begin the call with the opening remarks from the management and then move to questions and answers.
Thank you, and over to you, sir.
Hi. Good afternoon, everyone. This is Arun, MD of Wonderla Holidays. Thanks to everyone for joining the call. I extend a
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