 "Wonderla Holidays hits new high on strong Q1 results")
Wonderla Holidays has soared 8% to Rs 283, extending its over 15% rally in past four days on BSE, after reporting 56% year-on-year (yoy) growth in standalone net profit at Rs 25 crore for the first quarter ended June 30, 2014 (Q1), on back of healthy operational revenues. The company operates amusement parks had profit of Rs 16 crore in the same quarter last fiscal.
The operational revenues grew 23% to Rs 64 crore against Rs 52 crore in the corresponding quarter of previous year.
Wonderla Resort has achieved 52% occupancy during the quarter against 31% occupancy over corresponding period last year, and also profitable for the first time, the company said in a statement.
Arun K Chittilappilly, Managing Director, Wonderla Holidays said, “We are optimistic about growth coming in from both the amusement parks - Bangalore and Kochi, as we are on track to build the third one in Hyderabad.”
The company said, an application for plan approval has been submitted to the Hyderabad Metropolitan Development Authority (HMDA) to set up our third amusement park in the country and it is under their consideration.
The stock opened at Rs 263 and touched a new high of Rs 293 on BSE. The trading volumes on the counter increase by over three-times with a combined 2 million shares changed hands so far on NSE and BSE.
The operational revenues grew 23% to Rs 64 crore against Rs 52 crore in the corresponding quarter of previous year.
Wonderla Resort has achieved 52% occupancy during the quarter against 31% occupancy over corresponding period last year, and also profitable for the first time, the company said in a statement.
Arun K Chittilappilly, Managing Director, Wonderla Holidays said, “We are optimistic about growth coming in from both the amusement parks - Bangalore and Kochi, as we are on track to build the third one in Hyderabad.”
The company said, an application for plan approval has been submitted to the Hyderabad Metropolitan Development Authority (HMDA) to set up our third amusement park in the country and it is under their consideration.
The stock opened at Rs 263 and touched a new high of Rs 293 on BSE. The trading volumes on the counter increase by over three-times with a combined 2 million shares changed hands so far on NSE and BSE.