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.

Wonderla Holidays Ltd has delivered its strongest-ever third quarter performance, reporting record revenue of ₹14,145 lakhs for Q3FY26, marking a 12% year-on-year growth. The milestone achievement was driven by the successful launch of the company's fifth amusement park in Chennai and robust operational performance across its existing portfolio.

Financial Performance Overview

The amusement park operator demonstrated strong top-line growth despite facing some margin pressures during the quarter. Total income reached ₹14,145 lakhs compared to ₹12,650 lakhs in Q3FY25, while footfalls remained relatively stable at 9.17 lakhs, down marginally by 0.1% year-on-year.

Margin Analysis and Profitability

While the company achieved strong revenue growth, margin compression was evident across key metrics. Adjusted EBITDA margin stood at 28% compared to 29% in the previous year, while EBITDA margin declined to 23% from 29% year-on-year. The company's profit after tax margin compressed significantly to 10% from 16% in Q3FY25.

Chennai Park Launch and Operational Highlights

The successful launch of Wonderla's fifth amusement park in Chennai on December 2, 2025, marked a significant milestone for the company. Despite operating for only one month in Q3FY26, the Chennai park recorded 0.75 lakh footfalls and achieved the highest Average Revenue Per User (ARPU) among all Wonderla parks during the quarter.

Nine-Month Performance and Resort Business

For the nine months ended December 31, 2025, Wonderla recorded total income of ₹40,903 lakhs, up 9% year-on-year, with total footfalls of 23.40 lakhs. The company's resort business, including the newly launched "Isle by Wonderla" in Bangalore, delivered its best-ever quarter performance, reinforcing its position as a preferred leisure destination.

Management Commentary

Executive Chairman and Managing Director Arun Chittilappilly highlighted the quarter's achievements, emphasizing the successful Chennai park launch and strong guest response. He noted that demand was driven by targeted sales initiatives, growing adoption of digital booking channels, and continued focus on customer experience, resulting in ARPU growth of over 8% year-on-year across the portfolio.