Adlabs Entertainment Ltd. said on Wednesday said its revenue for the first quarter of 2015-16 shot up 134 percent to Rs.85.01 crore as against Rs.36.37 crore in the same period in 2014-15.
The earnings before interest, taxes, depreciation, and amortization (EBITDA) of the company increased to Rs.24.75 crore in the quarter, as compared to a loss of Rs.0.22 crore in the same period last fiscal.
Adlabs Entertainment Limited, owns and operates two parks, namely Imagica Theme Park (Adlabs Imagica), Aquamagica Water Park (Adlabs Aquamagica) and is building a 287 keys family hotel to be managed under the name Novotel Imagica Khopoli.
"We are happy to report strong quarterly performance for FY15-16 during which combined footfall at our parks grew by 198 percent. Consequently our revenues have grown by 134 percent and our EBITDA for Q1 is more than the EBITDA achieved in full FY14-15," said Adlabs Entertainment CEO Kapil Bagla.
"As envisaged the theme park and the waterpark are complimenting each other and working extremely well as a combination. Imagica is focused on attracting children, families, and groups and corporate and Aquamagica is focused on attracting the youth and college segments and together both parks covering all segments of the customers," he added.
