Wonderla Holidays, Managing Director, Arun K Chittilappilly, informed shareholders at the annual general body meeting that the company was awaiting project approval from Hyderabad Metropolitan Authority to commence construction at park.
"It is expected to start commercial operation during the financial year 2016-17.", he said.
On expansion plans, he said, the company was eyeing for a "suitable land" near Chennai for its fourth amusement park in the region.
According to Chittilappilly, in 2013-14, the company witnessed a footfall of 22.91 lakh visitors against 23.40 lakh during the same period of last year.
The total turnover for the period 2013-14 was Rs 156.60 crore as against Rs 139.36 crore registered during the same period of previous year. Profit after tax grew to Rs 398.92 crore from Rs 335.69 crore registered during the same period of previous year, he said.