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Wonderla drops after weak Q2 result

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Capital Market
Last Updated : Nov 16 2017 | 10:01 AM IST

Wonderla Holidays lost 3.67% to Rs 366.50 at 09:35 IST on BSE after net profit dropped 37.03% to Rs 2.33 crore on 0.52% fall in total income to Rs 51.16 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 15 November 2017.

Meanwhile, the S&P BSE Sensex was up 149.39 points or 0.46% at 32,909.83. The S&P BSE Small-Cap index was up 106.87 points or 0.62% at 17,380.27.

On BSE, so far 392 shares were traded in the counter as against average daily volume of 3,629 shares in the past one quarter. The stock hit a high of Rs 375 and a low of Rs 365.40 so far during the day. The stock had hit a 52-week high of Rs 405 on 12 April 2017. The stock had hit a 52-week low of Rs 316 on 22 November 2016.

The small-cap company has equity capital of Rs 56.50 crore. Face value per share is Rs 10.

Wonderla Holidays' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 9% to Rs 12.85 crore in Q2 September 2017 over Q2 September 2016. The company said that Q2 September 2017 net profit was down mainly because of depreciation charges for new rides at Bangalore and Kochi, parks and provision for past tax disputes.

Wonderla Holidays is one of the largest operators of amusement parks in India.

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First Published: Nov 16 2017 | 9:46 AM IST

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