Imagicaaworld Entertainment Limited , a leading player in the Indian amusement and theme park industry, has reported mixed operational performance for the first quarter. The company, which operates a diverse portfolio of entertainment parks across western India, faced some challenges but also made strides in expansion during the period.

Financial Performance

The company's revenue for Q1 declined by 19.5% to Rs 148.10 crores, compared to Rs 184.00 crores in the same quarter last year. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a more significant drop of 34.1%, falling to Rs 72.60 crores from Rs 110.10 crores in the previous year's Q1. Consequently, EBITDA margins compressed to 49.0% from 59.9% year-over-year.

Operational Metrics

Footfalls across Imagicaaworld's parks decreased marginally by 0.3% to 9.5 lakhs during the quarter. However, the Average Revenue Per User (ARPU) remained relatively stable at Rs 1,360, compared to Rs 1,364 in the same period last year, indicating the company's ability to maintain pricing power despite the slight dip in visitor numbers.

Expansion and New Developments

A significant highlight for Imagicaaworld was the launch of Aqua Imagicaa Water Park in Indore, Madhya Pradesh, in March. This new addition to the company's portfolio is strategically located between Indore and Ujjain, spanning 18 acres and featuring over 20 water rides and attractions, along with three multi-cuisine restaurants.

Current Portfolio and Future Plans

Imagicaaworld now boasts a portfolio of 8 parks across 5 locations in western India, covering approximately 220 acres. The company's assets include:

1. Imagicaa Theme Park and Water Park in Khopoli
2. Novotel Imagicaa, a 5-star deluxe hotel in Khopoli
3. Wet'n Joy Water Park and Amusement Park in Lonavala
4. Wet'n Joy Water Park in Shirdi
5. Sai Teerth Devotional Park in Shirdi
6. Aqua Imagicaa Water Park in Surat
7. The newly launched Aqua Imagicaa Water Park in Indore

Looking ahead, Imagicaaworld has outlined ambitious expansion plans. A key project in the pipeline is a new entertainment hub at the Sabarmati Riverfront in Ahmedabad, to be developed under a Public-Private Partnership (PPP) model. The company won the bid for this project in March of the previous year, and ground-breaking is expected in the second half of the current year, pending environmental clearances.

Management Commentary

Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, commented on the results and future outlook: "While we faced some challenges in Q1, we remain committed to our growth strategy. The launch of our new water park in Indore marks an important step in our expansion plans. We are excited about the Sabarmati Riverfront project and continue to explore opportunities in other key markets across India."

Industry Outlook

Despite the short-term headwinds, the Indian amusement and theme park industry is poised for growth. According to industry reports, the sector is expected to grow at a healthy 9-11% CAGR from FY2024 to FY2030, driven by rising domestic tourism, increasing disposable incomes, and evolving consumer behaviors.

As Imagicaaworld Entertainment continues to navigate the current landscape, its focus on geographical expansion and diversification of offerings positions it well to capitalize on the long-term growth potential of the Indian entertainment park industry.

Imagicaaworld Entertainment , India's largest amusement and water park operator, announced its unaudited financial results for the first quarter ended June 30, 2025, revealing a mixed performance impacted by unseasonal rains during the peak season.

Revenue and Profitability

On a consolidated basis, the company reported:

• Revenue from operations: Rs 148.10 crore (Q1 FY26) vs Rs 183.98 crore (Q1 FY25)
• Decline in revenue: 19.5%
• Net profit: Rs 44.31 crore (Q1 FY26) vs Rs 65.84 crore (Q1 FY25)
• EBITDA: Rs 72.00 crore
• EBITDA margin: 49%

The decrease in revenue was primarily attributed to the early onset of monsoon and heavy rains in the western region, where the company's operational parks are located.

Segment Performance

Parks Division

• Revenue: Rs 131.04 crore
• Footfalls: 9.47 lakh visitors (22% decline)

Hotel Division

• Revenue: Rs 17.06 crore (13% growth)
• Occupancy: 65% (Q1 FY26) vs 57% (Q1 FY25)

Expansion and New Developments

• Incorporated a new wholly-owned subsidiary: Imagicaa Next Private Limited
• Inaugurated Aquamagicaa Water Park in Indore on August 6, 2025

Financial Position and Corporate Actions

• Paid-up equity share capital: Rs 565.84 crore (as of June 30, 2025) vs Rs 542.32 crore (previous year)
• Exceptional items: Rs 99.31 lakhs (costs related to a proposed Qualified Institutional Placement)

Management Commentary

Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, commented:

"Our performance for the quarter remained steady, despite the early onset of monsoon in the western region, which impacted both footfalls and revenues. The official launch of our Indore Park has received excellent response and we look forward to similar expansions going forward."

"As we move forward, we remain steadfast in our commitment to delivering exceptional guest experiences, strengthening our brand presence, and creating long-term value for our stakeholders. With our focused growth initiatives and customer-centric approach, we are confident of building on this momentum in the coming quarters."

Outlook

Despite the challenges posed by unseasonal rains in Q1 FY26, Imagicaaworld's ability to maintain profitability and its expansion initiatives suggest a focus on long-term growth. The positive response to the new Indore park and improvements in the hotel segment indicate potential areas for future revenue growth.

Investors and stakeholders will likely monitor weather patterns and the company's ability to navigate seasonal challenges in the coming quarters, as well as the performance of its new and existing attractions.