Wonderla Holidays Limited (WONDERLA)
₹505.90 +1.41% last close, 16 Oct
Q2 FY27 results
📅 Next results: 02 Nov 2026 (board meeting)Wonderla Holidays Limited's board meets on 2 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Wonderla Holidays' revenue was ₹243 Cr (+44.2% year on year, +78.6% on the previous quarter), and net profit ₹72.8 Cr (+38.5% year on year); the operating margin was 46.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹243 | +44.2% | +78.6% |
| Operating profit | ₹113 | +46.7% | +180.1% |
| Net profit | ₹72.8 | +38.5% | +343.3% |
| EPS (₹) | 11.48 | +38.5% | +343.2% |
| Operating margin | 46.4% | — | — |
WONDERLA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 58.84% of the WONDERLA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.61%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 47.0% · 56.8% · 51.3% · 57.3% · 58.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Wonderla Holidays Limited has informed the exchanges that its trading window for designated persons and their immediate relatives will close on October 1, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending September 30, 2026. The window will reopen 48 hours after the formal announcement of the Q2 FY27 financial results. This is a standard regulatory filing and contains no operational or financial updates.
- Trading window closes effective October 1, 2026
- Closure relates to the review of financial results for the quarter ending September 30, 2026
- Trading window will reopen 48 hours after the declaration of financial results
Wonderla Holidays Limited has notified exchanges of its participation in the Anand Rathi annual flagship conference G-200 summit 2026. Members of the company's management team will attend the event scheduled in Mumbai on September 22, 2026, at 10:00 AM. This is a routine institutional investor interaction filing under SEBI LODR norms and does not include any price-sensitive or financial announcements.
- Management participating in Anand Rathi G-200 summit 2026
- Event scheduled on September 22, 2026, at 10.00 am
- Meeting venue is Mumbai
- Filing made on September 16, 2026
Wonderla Holidays has scheduled a one-on-one physical meeting with BugleRock Capital at 2:30 pm on September 15, 2026. This is a routine institutional investor interaction disclosure submitted under SEBI LODR regulations. No unpublished price-sensitive information is expected to be shared, and the filing carries no direct operational or financial impact.
- Meeting scheduled for September 15, 2026, at 2:30 pm
- Format is a one-on-one physical interaction
- Participating institution is BugleRock Capital
Wonderla Holidays Limited has informed the stock exchanges that its management team will participate in a one-on-one virtual meeting with institutional investor White Oak Capital. The interaction is scheduled for September 18, 2026, at 11:30 AM. This is a standard investor interaction disclosure with no new financial or operational metrics disclosed.
- One-on-one virtual investor meeting scheduled with White Oak Capital
- Meeting set for September 18, 2026, at 11:30 AM
- Intimation filed pursuant to SEBI listing obligations on September 7, 2026
Wonderla Holidays Limited has notified the exchanges regarding scheduled one-on-one virtual investor meetings on August 28, 2026. Management is slated to meet with Awirga Capital at 11:00 AM and GeeCee Holdings at 3:00 PM. Such interactions are standard corporate engagement and involve discussions on publicly available operational updates and financial performance.
- One-on-one virtual meeting scheduled on August 28, 2026
- Interaction with Awirga Capital at 11:00 AM
- Interaction with GeeCee Holdings at 3:00 PM
- Filing issued pursuant to standard Regulation 30 disclosure norms
Wonderla Holidays has received a Show Cause Notice (SCN) dated August 21, 2026, from the CGST West Commissionerate, Bengaluru. The notice demands Rs 15.73 Cr in unpaid GST, along with an equivalent penalty of Rs 15.73 Cr and interest of Rs 2.83 Cr, bringing total potential exposure to Rs 34.28 Cr. The demand primarily relates to alleged short payment of GST on restaurant services at its Bengaluru Park (Rs 14.19 Cr) between April 2020 and March 2026. Total exposure equates to ~33.6% of Wonderla's TTM net profit of Rs 102 Cr, though there is no immediate financial impact pending formal reply and adjudication.
- Tax demand of Rs 15.73 Cr raised along with equal penalty of Rs 15.73 Cr and interest of Rs 2.83 Cr (total claim: Rs 34.28 Cr).
- Bengaluru Park restaurant services account for the bulk of the demand at Rs 14.19 Cr covering the period 01.04.2020 to 31.03.2026.
- Resort F&B ('Woods' restaurant) and accommodation services face additional demands of Rs 1.25 Cr and Rs 0.28 Cr, respectively.
- Total exposure of Rs 34.28 Cr represents ~5.8% of TTM revenue (Rs 593 Cr) and ~33.6% of TTM PAT (Rs 102 Cr).
CARE Ratings has reaffirmed Wonderla Holidays Limited's long-term credit rating at 'CARE AA-' while revising the outlook from 'Stable' to 'Positive'. The total rated bank facilities stand at Rs 380.00 crore, which includes Rs 309.00 crore in long-term facilities, Rs 50.00 crore in long/short-term facilities, and Rs 21.00 crore in short-term facilities. The rated limits encompass Rs 289.00 crore of proposed term loans and Rs 50.00 crore in capex letter of credit limits to back its expansion pipeline. The revision reflects the company's robust operational and financial performance through FY26 and Q1 FY27.
- Total bank facilities of Rs 380.00 crore reviewed and rated by CARE Ratings.
- Long-term rating reaffirmed at CARE AA- with outlook upgraded from Stable to Positive for Rs 309.00 crore facilities.
- Rated facilities include Rs 289.00 crore in proposed term loans and Rs 50.00 crore in Capex LC lines.
- Short-term rating reaffirmed at the highest tier of CARE A1+ across Rs 21.00 crore facilities.
Wonderla Holidays Limited submitted the Scrutinizer's report and voting results for its 24th Annual General Meeting held on August 19, 2026. Shareholders approved all 4 resolutions placed before the meeting with overwhelming majority (>99.9% votes in favor). The approved items include adoption of annual financial statements, declaration of dividend, re-appointment of retiring director Ms. Priya Sarah Cheeran Joseph, and re-appointment of statutory auditors Deloitte Haskins & Sells.
- All 4 ordinary and special business resolutions passed with >99.9% approval
- Adoption of financial statements approved with 99.999% votes in favor out of 44,269,341 votes polled
- Declaration of dividend approved with 99.96% votes in favor among voting public shareholders
- 55,109 total shareholders recorded as of the record date of August 13, 2026
Wonderla Holidays Limited concluded its 24th Annual General Meeting on August 19, 2026, with all proposed resolutions approved by shareholders. Key approvals include the adoption of FY26 financial statements and the declaration of a final dividend of ₹2.00 per share (20% on face value of ₹10). Shareholders also approved the re-appointment of Non-Executive Director Ms. Priya Sarah Cheeran Joseph and the re-appointment of M/s Deloitte Haskins & Sells as Statutory Auditors for a 5-year term. As of the record date (August 13, 2026), the company had 55,109 shareholders.
- Shareholders approved a final dividend of ₹2.00 (20%) per equity share of ₹10 each for FY26
- M/s Deloitte Haskins & Sells re-appointed as Statutory Auditors for a consecutive term of 5 years
- Total shareholder base stood at 55,109 as of the record date on August 13, 2026
- Ms. Priya Sarah Cheeran Joseph re-appointed as Non-Executive Director liable to retire by rotation
Wonderla Holidays has announced a one-on-one physical meeting with institutional investor India Capital, scheduled for August 17, 2026. This is a routine regulatory disclosure regarding management interaction with the investment community. The company is currently executing a significant expansion phase, including the INR 515 Cr Chennai park project expected to open in December 2025. Such meetings typically focus on long-term strategy and operational updates rather than undisclosed price-sensitive information.
- One-on-one physical meeting scheduled for August 17, 2026, at 12:00 PM.
- Interaction is specifically with India Capital as per the regulatory filing.
- Company is currently managing a TTM revenue of Rs 519 Cr.
- Ongoing Chennai park project involves a capex of Rs 515 Cr, nearly 100% of TTM revenue.
- Management maintains a 7-8 year expansion plan across five new states.
Wonderla Holidays has announced a one-on-one physical meeting with institutional investor India Capital scheduled for August 17, 2026. This is a routine regulatory intimation regarding investor engagement. The company currently operates with a TTM revenue of ‡519 Cr and an operating margin of 31.7%. Investors typically monitor such interactions for updates on the company's ‡515 Cr Chennai park expansion, which is slated for a December 2025 opening.
- One-on-one physical meeting scheduled with India Capital on August 17, 2026, at 12:00 PM.
- Company maintains a strong balance sheet with a Debt/Equity ratio of 0.00 and ‡6 Cr total debt.
- TTM revenue stands at ‡519 Cr with a TTM PAT of ‡82 Cr.
- Promoter holding remains stable at 62.25% as per March 2026 filings.
- Immediate growth catalyst remains the Chennai park launch expected in December 2025.
Gaurav Sondhi, the Vice President of Sales at Wonderla Holidays, has resigned from his position effective August 7, 2026, citing personal grounds. During his 2.5-year tenure, he was credited with streamlining the sales structure and building the B2B business segment. This management change comes as the company maintains a TTM revenue of ₹519 Cr and prepares for significant expansion, including the Chennai park launch. The transition appears orderly, with his last working day set for August 8, 2026.
- Gaurav Sondhi resigned as Vice President – Sales effective August 7, 2026.
- The executive served a tenure of approximately 2.5 years at the company.
- The company reported TTM Revenue of ₹519 Cr with an Operating Profit Margin of 31.7%.
- Wonderla's annual footfalls stood at 30.49 lakh in FY25 compared to 32.52 lakh in FY24.
- The resignation is categorized under Regulation 30 as a change in Senior Management Personnel (SMP).
Wonderla Holidays has made the audio recording of its Q1 FY27 earnings conference call available to the public. The call, held on August 05, 2026, discussed performance for the June 2026 quarter, which is historically the company's strongest period due to summer vacations. Investors should focus on management's updates regarding the Rs 515 Cr Chennai park project and the 7-8 year expansion plan into five new states. The company remains financially robust with a TTM revenue of Rs 519 Cr and a near-zero debt-to-equity ratio.
- Earnings call recording released for the quarter ended June 30, 2026.
- Company maintains a strong operating profit margin (OPM) of 31.7% as per TTM data.
- Chennai park expansion project is valued at Rs 515 Cr, nearly 99% of TTM revenue.
- Total debt remains minimal at Rs 6 Cr against a net worth of Rs 1,796 Cr.
- Management previously targeted a 25% growth rate driven by new park commissions.
Wonderla reported a robust Q1 FY27 with revenue growing 44.2% YoY to ₹242.63 cr, driven by a 33% increase in footfalls to 12.3 lakhs. The newly operational Chennai park (commenced Dec 2025) contributed ₹44.99 cr to the top line, while the resort business saw a 92% revenue jump to ₹9.61 cr. EBITDA margins remained strong at 48.4%, with PAT increasing 38.5% YoY to ₹72.80 cr. This performance highlights successful capacity expansion and strong pricing power, with ARPU rising 7% to ₹1,904.
- Total footfall grew 33% YoY to 12.3 lakhs across 5 amusement parks
- Revenue from operations increased 44.2% YoY to ₹242.63 cr
- Chennai park generated ₹44.99 cr in revenue with an ARPU of ₹1,850
- Resort business revenue grew 92% YoY to ₹9.61 cr with occupancy rising to 74%
- EBITDA for the quarter stood at ₹121.99 cr, up 39.4% YoY
Wonderla Holidays reported its best-ever Q1 performance for FY27, with total income surging 41% YoY to ₹252.1 crore. This growth was primarily driven by the successful ramp-up of the new Chennai park, which contributed ₹45 crore in revenue (18% of total) in its first year. Net profit grew 38% YoY to ₹72.8 crore, while overall footfalls increased by 33% to 12.25 lakhs. Existing parks also maintained momentum with 15% revenue growth and an 8% increase in ARPU.
- Total income increased to ₹252.1 crore, up 41% from ₹179.1 crore in Q1 FY26.
- Chennai Park contributed ₹45 crore in revenue with 2.42 lakh footfalls in its first year of operations.
- Consolidated EBITDA grew 39% YoY to ₹121.99 crore, maintaining a strong 48% margin.
- Existing parks (Bengaluru, Kochi, Hyderabad, Bhubaneswar) saw a 7% growth in footfalls and 8% growth in ARPU.
- Profit After Tax (PAT) rose to ₹72.8 crore, representing a 38% increase over the previous year's quarter.
Financial Performance
Revenue Growth by Segment
Total revenue for FY24 grew 13% to INR 483 Cr, driven by a 15% increase in Average Revenue Per User (ARPU) to INR 1,430. However, FY25 saw a 5.1% decline in revenue from operations to INR 458.57 Cr due to demand fluctuations. Q2 FY26 showed a recovery with a 25% YoY growth in total income. The resort business (Isle by Wonderla) contributed a revenue upside of INR 2 Cr in Q2 FY26.
Geographic Revenue Split
The company has a strong market position in South India (Kochi, Bangalore, Hyderabad) and has expanded to the East (Bhubaneswar). The Kochi park (inaugurated Q1 FY16) generated INR 135 Cr, representing 28% of FY24 total revenue. Expansion is currently focused on Chennai and the Northern regions.
Profitability Margins
PAT margins were maintained at 30-35% historically due to minimal interest costs. However, FY25 PAT fell 30.8% to INR 109.27 Cr, with PAT margins declining from 31.2% to 22.6%. Q2 FY26 saw an 8x jump in EBITDA, reflecting a sharp recovery in profitability during the monsoon quarter which is typically weak.
EBITDA Margin
EBITDA margin for FY24 was 49.4% (INR 250.17 Cr). In FY25, EBITDA declined 31.5% to INR 171.40 Cr, with the margin narrowing to 35.5% due to increased operating and employee costs. Adjusted EBITDA margin for FY25 stood at 37% compared to 50% in the previous year.
Capital Expenditure
The company is currently executing the Chennai park project at a total cost of INR 515 Cr, with INR 181 Cr already spent as of August 2024. Future plans include five new parks over the next 7-8 years in Indore, Mohali, Noida, Goa, and Ahmedabad, primarily funded through internal accruals and liquid assets of INR 214 Cr.
Credit Rating & Borrowing
Wonderla holds a CARE AA-; Stable rating for long-term facilities and CARE A1+ for short-term facilities. The company maintains a strong credit profile with nil scheduled term debt repayments and a total debt to GCA ratio of 0.03x as of March 31, 2024.
Operational Drivers
Raw Materials
Ride components and engineering spares (steel and mechanical parts for in-house manufacturing), Food & Beverage supplies, and utilities (electricity and water). In-house ride design and manufacturing represent a significant cost-saving strategy, though specific % of total cost per material is not disclosed.
Import Sources
Sourced primarily within India through an in-house engineering and manufacturing team located in Bangalore, which manages ride design and maintenance to ensure operational excellence.
Key Suppliers
Not specifically named in the documents; however, the company utilizes an internal ride designing and manufacturing team to reduce dependency on external global ride vendors.
Capacity Expansion
Current capacity is measured by footfalls, which were 30.49 lakh in FY25 (down from 32.52 lakh in FY24). Expansion includes the Chennai park (opening December 2025) and 5 additional parks planned over 7-8 years to increase total visitor capacity.
Raw Material Costs
Operating costs increased in FY25, contributing to a 31.5% decline in EBITDA. The company uses an asset-light model by manufacturing rides in-house, which serves as a key driver for cost efficiency and allows for easier maintenance and upgrades.
Manufacturing Efficiency
In-house ride manufacturing enables the company to modify rides based on customer preference, maximizing customer experience and ensuring high operational efficiency with lower long-term maintenance costs.
Logistics & Distribution
Not applicable as a service-based business; however, marketing and digital sales strategies now drive 50% of bookings, reducing traditional distribution costs.
Strategic Growth
Expected Growth Rate
25%
Growth Strategy
Growth will be achieved through the commencement of the Chennai park in December 2025, expansion into five new states (Indore, Mohali, Noida, Goa, Ahmedabad) over 7-8 years, and deepening guest engagement through the 'Isle by Wonderla' resort model. Digital transformation is also a key pillar, with 50% of bookings now coming through online channels.
Products & Services
Amusement park entry tickets, resort accommodation (Isle by Wonderla), food and beverage services, and merchandise sales.
Brand Portfolio
Wonderla, Isle by Wonderla, Veegaland (historical).
New Products/Services
The Chennai park is the immediate new service launch (Dec 2025). The 'Isle by Wonderla' resort in Bangalore is a recent addition that delivered an INR 2 Cr revenue upside in Q2 FY26.
Market Expansion
Expansion into Chennai (2025) and subsequent entries into Northern and Western India (Indore, Mohali, Noida, Goa, Ahmedabad) over the next 7-8 years.
Market Share & Ranking
Wonderla is one of the largest amusement park operators in India with a dominant position in South India.
Strategic Alliances
The management is in discussions with various state governments for land and permissions for new parks, though no official JVs were finalized as of September 2024.
External Factors
Industry Trends
The industry is highly cyclical and capital-intensive. Q1 (summer) contributes 38% of revenue and 50-60% of EBITDA. The trend is shifting toward integrated resorts and digital booking channels, which now account for 50% of Wonderla's sales.
Competitive Landscape
Competitors have struggled to sustain operations, whereas Wonderla has successfully expanded using internal accruals. Key competition comes from other regional amusement parks and alternative entertainment options.
Competitive Moat
Sustainable moat built on 20+ years of brand recall, in-house manufacturing capabilities that lower capex/maintenance costs, and a strong balance sheet with nil debt (0.01x gearing) providing financial flexibility for expansion.
Macro Economic Sensitivity
Highly sensitive to discretionary spending trends and domestic economic conditions, as evidenced by the 5.1% revenue decline in FY25 attributed to demand fluctuations.
Consumer Behavior
Increasing adoption of online booking channels (50% of total) and a growing preference for integrated 'staycation' experiences at park-adjacent resorts.
Geopolitical Risks
Limited direct impact as operations are domestic, but global economic conditions are cited as a factor that could materially affect actual outcomes.
Regulatory & Governance
Industry Regulations
Operations are governed by state legislative requirements for ride safety and maintenance. The company must renew park operating licenses and comply with ISO 14001 and OHSAS 18001 standards.
Environmental Compliance
The company invests in rainwater harvesting, solar energy, and zero-liquid discharge. CSR expenditure for FY25 was INR 2.65 Cr.
Taxation Policy Impact
The company is subject to standard Indian corporate tax rates; actual tax paid is reflected in the PAT margin of 22.6% for FY25.
Legal Contingencies
The company maintains public liability insurance to cover liabilities from accidents and injuries. Specific values for pending court cases are not disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Project execution risk for the INR 515 Cr Chennai park and the planned 5-park expansion. Revenue volatility is high, with Q2 profitability often being negligible or negative due to fixed costs and seasonal downturns.
Geographic Concentration Risk
High concentration in South India, with the majority of revenue currently derived from three parks (Bangalore, Kochi, Hyderabad).
Third Party Dependencies
Low dependency on third-party ride vendors due to in-house manufacturing, but dependent on state governments for land allotments for new projects.
Technology Obsolescence Risk
Risk of rides becoming 'stale'; mitigated by constant investment in modifying old rides and innovating through the in-house design team.
Credit & Counterparty Risk
Strong liquidity with INR 214 Cr in cash and liquid investments as of June 2024, minimizing credit risk.
