Wonderla Holidays Limited has fully deployed the proceeds of its ₹540 crore Qualified Institutional Placement (QIP), with monitoring agency CARE Ratings Limited confirming nil deviation from the stated objects of the issue in its report for the quarter ended March 31, 2026. The company submitted the statement of deviation or variation to the stock exchanges on May 08, 2026, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

QIP Issue Overview

The QIP was conducted between December 03, 2024 and December 06, 2024, with the total issue size aggregating to ₹540 crore. The net proceeds available for utilisation amounted to ₹525 crore, after accounting for issue expenses of ₹15.00 crore. As per the placement document, the net proceeds were to be deployed across FY25 and FY26.

Fund Utilisation: Object-Wise Breakdown

By the end of Q4FY26, the entire ₹540 crore had been fully utilised. The following table details the progress against each object of the issue:

Reallocation of Funds

A notable development during Q4FY26 was the reallocation of funds from the Chennai Park development head to general corporate purposes (GCP). The QIP proceeds to the extent of ₹351 crore were sufficient for the development of the Chennai Park, as against the estimated utilisation of ₹390 crore. The balance was consequently reallocated to GCP. The revised cost allocation for the Chennai Park stood at ₹351.00 crore, while the GCP allocation was revised upward to ₹117.00 crore from the originally proposed ₹78.00 crore. The reallocation of ₹39 crore towards GCP was duly approved by the company's board on February 4, 2026, and the monitoring agency confirmed no material deviation was triggered.

General Corporate Purpose Utilisation

The ₹39 crore reallocated to GCP during Q4FY26 was deployed across the following heads:

Key Notes on Fund Management

The monitoring agency highlighted that the company transferred ₹105.00 crore, being the principal proceeds from the closure of fixed deposits, first credited to the Monitoring Agency account and subsequently moved into its current accounts. As these current accounts are also used for routine business transactions, the monitored proceeds were commingled with regular business funds. Additionally, during Q3FY26, an expenditure of ₹12.05 crore was met by the company from internal funds, which was reimbursed in Q4FY26 from QIP proceeds. CARE Ratings verified invoices covering around 41% of total capital expenditure on a sample basis for Q4FY26. All objects of the issue were completed within the timelines stipulated in the placement document, with no delays reported.

Wonderla Holidays has delivered its highest-ever Q4 and full-year FY26 revenue, driven by the successful launch of its Chennai amusement park and the new resort offering "Isle by Wonderla" in Bangalore. Announced on 7th May 2026, the results for the fourth quarter and year ended March 31, 2026 reflect robust sales and marketing interventions alongside operational excellence, with strong growth recorded across revenue, EBITDA, and footfalls. The company, which has been visited by over 48 million visitors since 2000 across its five parks in Kochi, Bengaluru, Hyderabad, Bhubaneshwar, and Chennai, reinforced its position as one of the most visited amusement park operators in India. The board also recommended a final dividend of ₹2/- per equity share. In a subsequent regulatory disclosure dated 8th May 2026, the company informed stock exchanges that the audio recording of its Q4 FY26 earnings conference call with investors and analysts has been uploaded on its website and is accessible at the investor relations section, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q4 FY26 Financial Performance

The company recorded a strong quarter, with revenue from operations and EBITDA both posting significant year-on-year growth. The following table summarises the key consolidated financial metrics for Q4 FY26 and FY26:

Note: The company had accounted for favourable deferred tax amounting to ₹2,408 lakhs attributable to fair value of freehold land during the previous financial year.

Footfall, Park-Wise Performance and ARPU

Wonderla Holidays recorded total footfalls of 8.79 lakhs during Q4 FY26, marking a 30% year-on-year increase. For the full year FY26, total footfalls stood at 32.19 lakhs, up 6% YoY. The park-wise footfall breakdown is presented below:

The Chennai park, which commenced commercial operations on 2nd December 2025, contributed meaningfully to both Q4 and full-year performance. For Q4 FY26, the Chennai park reported revenue of ₹2,950 lakhs, an Average Ticket Price of ₹1,054, Spend Per Head (SPH) of ₹485, and ARPU of ₹1,539. Alongside volume growth, Average Revenue Per User (ARPU) for FY26 stood at ₹1,530, an increase of 6% YoY, while Q4 FY26 ARPU stood at ₹1,465, up 7% YoY. The company attributes this improvement to a focused strategy centred on premiumisation, value-added services, and enhanced guest engagement.

The park-wise ARPU metrics are detailed below:

Resort and Hospitality Performance

The new resort offering "Isle by Wonderla" in Bangalore commenced operations from 9th May 2025. The resort business delivered its best-ever performance, with resort business revenue of ₹702 lakhs in Q4 FY26, up 84% YoY, and ₹2,636 lakhs for FY26, up 56% YoY. Resort occupancy stood at 56% in Q4 FY26 (vs. 43% in Q4 FY25) and 53% for FY26 (vs. 49% in FY25). It is also noted that 39 new key additions are planned for Isle in Q1 FY27.

Balance Sheet Highlights

The company's balance sheet as at March 26 reflects the scale-up from its expansion programme. Key balance sheet items are presented below:

Management Commentary

Commenting on the performance, Mr. Arun Chittilappilly, Executive Chairman and Managing Director of Wonderla Holidays Ltd., said:

"This quarter marks a significant milestone for Wonderla as we delivered our highest-ever Q4 performance, with strong growth across both revenue and profitability. The successful launch and rapid scale-up of our Chennai park has been a key growth driver, contributing meaningfully within a short period and reinforcing the strength of our expansion strategy.

We are also seeing consistent improvement in the quality of our revenues, with ARPU growth driven by our focus on premiumisation, value-added offerings, and enhanced guest engagement. This, along with a significant improvement in our customer experience scores, reflects our continued commitment to delivering differentiated and memorable experiences.

Our resort and expansion of hospitality businesses delivered their best-ever performance during the quarter and financial year, growing by 84% and 55% respectively, further strengthening our position as an integrated leisure destination.

As we move into FY27, with our new assets maturing and continued investments in guest experience and value expansion, we remain confident of sustaining this growth momentum and driving long-term value for our stakeholders."

Regulatory Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Wonderla Holidays has informed the stock exchanges that the audio recording of its Q4 FY26 earnings conference call — held with investors and analysts on May 8, 2026 to discuss the company's performance for the quarter ended March 31, 2026 — has been uploaded on the company's website. The recording, which also included an interactive question and answer session with the management, is accessible at the investor relations section of the company's website.