Q4 2024 Wonderla Holidays Ltd Earnings Call Transcript
Key Points
- Wonderla Holidays Ltd (BOM:538268) reported a year-on-year revenue growth of 13%, reaching INR 483 crores for FY24.
- The company achieved its highest ever EPS of INR 28, marking a 6% year-on-year growth.
- ARPU for the quarter increased by 14% to INR 1,349, and for FY24, it grew by 15% to INR 1,430.
- The new Odisha Park is set to open on May 24, 2024, which is expected to enhance future growth and appeal.
- The company is in discussions with various state governments to start multiple new projects, indicating future expansion plans.
- Footfall for the full year decreased by 2%, with a significant drop in group footfalls in Kochi due to changes in exam schedules and elections.
- EBITDA for Q4 FY24 decreased by 28% year-on-year, primarily due to reduced footfall, increased payroll expenses, and reduced other income.
- Profit after tax for Q4 FY24 declined by 35.5% year-on-year, with a PAT margin of 21.6%.
- The company does not expect more than 5% footfall growth for FY25 in its existing parks, indicating limited growth potential in mature markets.
- Heat waves and exam schedules have negatively impacted footfalls in certain parks, particularly in Bengaluru.
Ladies and gentlemen, good day, and welcome to the Q4 FY24 Earnings Conference Call of Wonderla Holidays Limited, 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, Michelle. Good afternoon. On behalf of Monarch Networth Capital, we're delighted to host the senior management of Wonderla Holidays. We have with us Mr. Arun, sir, the Managing Director of the company; Mr. Saji, CFO; and Mr. Dheeran, COO of the company. We will begin the call with the opening remarks from the management and then move to Q&A. Thank you, and over to you, sir.
Thank you. This is Arun K. Chittilappilly, Managing Director. We would like to welcome all of you to this Q4 earnings call FY24. Good afternoon, and welcome to everyone. I extend a
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