Imagicaaworld Entertainment Limited reported a sharp decline in profitability for the financial year ended March 31, 2026, with its Board of Directors approving the audited standalone and consolidated financial results at a meeting held on May 15, 2026. The board meeting commenced at 01:14 p.m. (IST) and concluded at 03:38 p.m. (IST). Statutory auditors Suresh Surana & Associates LLP issued an unmodified opinion on both sets of financial results, as confirmed by the company's Chief Financial Officer.

Q4 FY26 Consolidated Performance

For the quarter under review, Imagicaaworld Entertainment's consolidated performance reflected continued pressure on profitability. Revenue from operations was steady at Rs. 91.9 crore compared to Rs. 94.4 crore in Q4 FY25, a decline of 2.7% YoY, with one key factor being the ending of government incentives for the Khopoli Theme Park in Q1 FY26. Footfalls of 6.21 lakh were reported during the period, registering a growth of 5% on a YoY basis, driven by direct channels (Website & Walk-in) across parks. Average Revenue Per User (ARPU) stood flat at Rs. 1,230.

The following table summarises the key Q4 consolidated metrics:

The Q4 EBITDA margin contracted sharply to 33% from 43% in the same period of the prior year, while consolidated net profit declined significantly to 4M Rupees from 157M Rupees year-on-year.

Standalone Financial Performance

On a standalone basis, Imagicaaworld Entertainment's revenue from operations declined to Rs. 35,900.70 Lakhs in FY26 from Rs. 40,999.61 Lakhs in FY25. Total income, including other income of Rs. 2,213.91 Lakhs, stood at Rs. 38,114.61 Lakhs, compared to Rs. 41,908.08 Lakhs in the prior year. The company's net profit for FY26 fell significantly to Rs. 2,004.83 Lakhs from Rs. 7,779.18 Lakhs in FY25. Total comprehensive income for the year was Rs. 2,064.35 Lakhs against Rs. 7,763.82 Lakhs in FY25. For the quarter ended March 31, 2026, standalone revenue from operations was Rs. 8,940.39 Lakhs, with a net profit of Rs. 552.54 Lakhs.

Total expenses for the full year rose to Rs. 35,367.08 Lakhs from Rs. 33,332.02 Lakhs, driven by higher employee benefit expenses of Rs. 5,037.61 Lakhs (vs Rs. 4,602.63 Lakhs), finance costs of Rs. 1,828.26 Lakhs (vs Rs. 1,053.03 Lakhs), and other expenses of Rs. 12,638.55 Lakhs (vs Rs. 11,731.96 Lakhs).

Consolidated Financial Performance

On a consolidated basis, Imagicaaworld Entertainment's revenue from operations for FY26 stood at Rs. 37,385.38 Lakhs, compared to Rs. 41,022.30 Lakhs in FY25. Total consolidated income was Rs. 38,399.62 Lakhs against Rs. 41,939.02 Lakhs in the prior year. Consolidated net profit declined sharply to Rs. 63.64 Lakhs from Rs. 7,717.33 Lakhs, while total comprehensive income fell to Rs. 124.32 Lakhs from Rs. 7,701.97 Lakhs.

Segment-Wise Performance

The company operates through two reportable segments — Parks Division and Hotel Division. The Parks Division encompasses revenue from theme parks, amusement parks, water parks, snow parks, devotional parks, park restaurants, retail/merchandise, and other operating income. The Hotel Division covers hotel accommodation, hotel restaurants, and merchandise.

Consolidated segment assets for the Parks Division stood at Rs. 1,45,945.61 Lakhs and for the Hotel Division at Rs. 11,250.23 Lakhs as at March 31, 2026. Total capital employed across the group was Rs. 1,25,404.23 Lakhs.

Balance Sheet and Cash Flow Highlights

On a standalone basis, total assets as at March 31, 2026 were Rs. 1,75,284.79 Lakhs, compared to Rs. 1,92,837.62 Lakhs as at March 31, 2025. Total equity stood at Rs. 1,32,919.50 Lakhs. Standalone cash and cash equivalents at year-end were Rs. 1,337.79 Lakhs, down from Rs. 3,701.82 Lakhs at the start of the year. Net cash generated from operating activities on a standalone basis was Rs. 12,139.41 Lakhs, while net cash used in investing activities was Rs. (22,761.83) Lakhs, largely on account of a payment of Rs. (30,000.00) Lakhs towards acquisition through business combination. On a consolidated basis, total assets were Rs. 1,75,414.83 Lakhs as at March 31, 2026, against Rs. 1,88,779.60 Lakhs in the prior year. Consolidated cash and cash equivalents at year-end stood at Rs. 1,612.15 Lakhs. Net cash from consolidated operating activities was Rs. 10,991.75 Lakhs, while net cash used in investing activities was Rs. (28,709.66) Lakhs.

Strategic Developments and Management Commentary

Several key strategic initiatives were announced alongside the financial results. The Board approved an investment of up to Rs. 100 crores in Mehsana Next Parks Private Limited, a special purpose vehicle for Shanku's Water Park business. Imagicaaworld will also provide operation and management services at the Water Park with the option to use its Intellectual Property and receive a 6–10% management fee. Additionally, the company partnered with Dubai-based Hello Park to bring Indoor Phygital Entertainment for Kids in India, with the first location finalised in Hyderabad at Lake Shore Y Junction.

Commenting on the Q4 FY26 performance, Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited, said: "The quarter reflected steady progress across our parks. Despite a challenging global environment, pressure on disposable incomes due to rising costs, and gas shortages impacting F&B operations, the Company delivered a resilient performance with stable revenues and footfalls. Our growing presence across destination parks, regional water parks, indoor entertainment and experiential attractions is expected to reduce seasonality, diversify revenue streams and create a more balanced, year-round business profile."

Key Corporate Developments

Several notable corporate developments were disclosed alongside the financial results:

• Preferential Issue: The Board approved the issuance of up to 2,34,82,500 equity shares at Rs. 73.50 per share and up to 2,34,82,500 Convertible Warrants at Rs. 73.50 per warrant, each aggregating to Rs. 17,259.64 Lakhs. Out of total proceeds, Rs. 21,574.14 Lakhs had been utilised up to March 31, 2026, including Rs. 13,917.24 Lakhs as a loan to Malpani Parks Indore Private Limited, Rs. 5,500.00 Lakhs for repayment of a related-party loan, Rs. 2,155.00 Lakhs towards a Business Transfer Agreement with Giriraj Enterprises, and Rs. 1.90 Lakhs for general corporate purposes.
• New Subsidiary: During the quarter ended June 30, 2025, the company incorporated a wholly owned subsidiary, Imagicaa Next Private Limited, which had not commenced business operations as of the reporting date.
• New Labour Codes: The Government of India's New Labour Codes became effective from November 21, 2025. The estimated incremental impact on the standalone entity is Rs. 53.62 Lakhs and on the consolidated group is Rs. 53.66 Lakhs, recognised under employee benefit costs.
• Exceptional Items: For FY26, exceptional items resulted in a net gain of Rs. 19.28 Lakhs, primarily comprising a gain of Rs. 157.98 Lakhs on fair value change in NCRPS, offset by Rs. 138.70 Lakhs of costs related to a previously contemplated Qualified Institutional Placement (QIP) expensed during the quarter ended June 30, 2025.
• Tax Position: The company has unabsorbed business losses and depreciation under the Income Tax Act, 1961, and accordingly no provision for current tax has been considered necessary.

The consolidated financial results include the results of subsidiaries Blue Haven Entertainment Private Limited, Malpani Parks Indore Private Limited, and Imagicaa Next Private Limited. The results are available on the company's website at www.imagicaaworld.com .

Imagicaaworld Entertainment Limited has notified the stock exchanges of a scheduled analyst and institutional investor meeting, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, dated May 18, 2026, was submitted by Company Secretary and Compliance Officer Reshma Poojari.

Meeting Details

The company has provided the following details for the upcoming investor interaction:

Disclosure and Compliance

The company has stated that all discussions during the meeting will be based on publicly available information. Imagicaaworld Entertainment has explicitly confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions. The company has also noted that changes to the schedule may occur due to exigencies on the part of the host, participants, or the company itself.

The intimation has been filed in compliance with the applicable SEBI listing regulations, ensuring transparency with market participants and investors.