Wonderla Holidays Ltd delivered mixed Q3FY26 results with revenue from operations reaching ₹1,345.30 crores, marking a 10.7% year-on-year growth. However, the company faced profitability challenges with PAT declining 28.7% to ₹144.84 crores compared to ₹203.04 crores in Q3FY25, primarily due to exceptional items of ₹80.52 crores.

Financial Performance Overview

The amusement park operator demonstrated strong top-line growth with total income of ₹1,414.53 crores, up 11.8% from ₹1,264.98 crores in Q3FY25. EBITDA improved to ₹471.49 crores from ₹421.48 crores, representing an 11.8% increase, while EBITDA margin expanded to 35.0% from 34.7%.

Chennai Park Launch and Operational Highlights

The successful launch of Wonderla's fifth amusement park in Chennai marked a significant milestone for the company. Despite operating for only one month in Q3FY26, the Chennai park recorded 0.75 lakh footfalls and generated ₹119.2 crores in revenue with an impressive ARPU of ₹1,596.

Total footfalls across all parks stood at 9.17 lakhs for the quarter, while ARPU increased 8% year-on-year to ₹1,377. The company also recorded SPH (Spend Per Head) of ₹455, reflecting a 14% growth year-on-year.

Park-wise Performance Analysis

Bengaluru park maintained its position as the top performer with revenue growth driven by improved pricing. The park achieved an ARPU of ₹1,491, up 6% from ₹1,405 in Q3FY25. Kochi park showed strong momentum with ARPU reaching ₹1,367, representing a 10% increase year-on-year.

Resort Business and Nine-Month Performance

The resort business delivered exceptional performance with revenue reaching ₹193.4 crores for nine months FY26, up 48% from ₹130.6 crores in 9MFY25. Occupancy rates improved to 60% from 51% year-on-year, demonstrating strong demand for integrated leisure experiences.

For the nine months ended December 31, 2025, Wonderla recorded total income of ₹4,090.31 crores, up 9.0% year-on-year, with total footfalls of 23.40 lakhs across all parks.

Margin Analysis and Profitability Impact

While the company achieved strong revenue growth, margin compression was evident due to exceptional items and higher operational costs. PAT margin declined to 10.8% from 16.7% in Q3FY25. The company's EBITDA margin of 35.0% remained healthy, supported by improved operational efficiency and pricing optimization across parks.

Wonderla Holidays Limited has filed its quarterly compliance statement with stock exchanges, confirming no deviation in the utilization of funds raised through its Qualified Institutions Placement (QIP) for the quarter ended December 31, 2025. The submission was made pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company successfully raised Rs.540 crore through QIP on December 6, 2024, with net proceeds amounting to Rs.525 crore after accounting for issue expenses of Rs.15 crore. The fund utilization is being monitored by CARE Ratings Limited as the designated monitoring agency.

Fund Utilization Breakdown

As of December 31, 2025, Wonderla Holidays has utilized Rs.447.05 crore across various strategic projects and corporate purposes. The largest allocation has been directed towards the development of Wonderla Chennai Park, representing the company's expansion into the Tamil Nadu market.

Compliance and Monitoring

The company's statement confirms that there has been no deviation or variation in the use of funds from their originally stated objects. The audit committee has reviewed the fund utilization and provided no adverse comments, while the auditors have also confirmed no concerns regarding the deployment of the raised capital.

Key compliance highlights include:

• No modification to original fund allocation objects
• No shareholder approval required for any changes
• Monitoring agency oversight maintained
• Transparent quarterly reporting continued

Project Progress Update

The fund utilization data reveals significant progress across multiple development projects. The Chennai park development has seen substantial capital deployment of Rs.303.94 crore out of the allocated Rs.390.00 crore, indicating active construction and development activities. The Bengaluru expansion projects, including glamping pods and roller coaster installation, show complete or near-complete fund utilization, suggesting these projects are in advanced stages of completion.

The company has also completed the planned refurbishment activities at Wonderla Resort Bangalore, utilizing Rs.11.18 crore of the allocated Rs.16.00 crore for this purpose. All general corporate purposes and issue expenses have been fully accounted for as per the original allocation plan.