Quarterly EBITDA doubled to Rs. 110 crore
Q1 FY25 Consolidated Financial Performance Snapshots
- Revenue from operations stood at Rs. 184 crore in Q1FY25
- EBITDA clocked was Rs.110 crore; with EBITDA Margins of 103%
- PBT (before exceptional items) came to Rs. 91 crore, up 176% YoY; PBT Margin was 49%
- Footfall grew by 119%
- Hotel ARR in Q1 FY25 was Rs. 9,654 with an occupancy of 57%
- Company remains debt-free with positive net cash balance
Mumbai, 09 August 2024 – Imagicaaworld Entertainment Ltd. (BSE: 539056; NSE: IMAGICAA), India’s largest amusement & water park player, announced today its financial results for the quarter ended June 30th 2024.
Key Financial Highlights of the Quarter (Consolidated)
| Particulars (Rs in crores) | Q1FY25 | Q1FY24 | YoY | Q4FY24 | QoQ |
| Revenue from operations | 184.0 | 104.7* | 76% | 58.6 | 214% |
| EBITDA | 110.4 | 54.4 | 103% | 19.2 | 475% |
| EBITDA Margin | 60% | 52% | 810bps | 33% | 272bps |
| Profit Before Tax** | 91.3 | 33.0 | 276% | 5.28 | 1630% |
| Profit After Tax** | 69.1 | 24.7 | 179% | 10.3 | 568% |
| PAT Margin** | 37.6% | 23.6% | 123bps | 17.7% | 277bps |
| Footfall (in lakhs) | 12.2 | 5.56 | 119% | 2.7 | 341% |
* Operating revenue includes SGST refund
**Before Exceptional Items
Operational Highlights
- Commercial integration and consolidation of two water parks, one devotional theme park, and one amusement park owned by Giriraj Enterprises, the flagship company of Malpani Group.
- With this combined strength, Imagicaa now operates across five locations, featuring eight parks in total. This merger has resulted in 1.2 million visitors across the locations in the 1st Quarter itself.
- Launch of two news shows in Saiteerth, India’s first devotional theme park
- During the quarter, six new rides were launched at the Water Park in Imagicaa, Khopoli and eight new rides at Wet’nJoy Water Park, Shirdi.
Commenting on the Q1 FY25 performance, Jai Malpani, Managing Director, Imagicaaworld Entertainment Ltd said, “As we conclude the first quarter of FY25, I’m excited to share the progress from our strategic restructuring over the past few years. By consolidating key assets—Imagicaa parks, Wet’nJoy, our five-star hotel, and Sai Teerth— under the listed umbrella, we’ve built a comprehensive portfolio that elevates guest experiences and sets a benchmark for entertainment destinations in India.
Currently, we operate in two states and four locations with a strong foothold in western India. We are planning to expand our network into Central and Northern India, focusing on Tier-1 and Tier-2 cities. This consolidation will enable us to drive the expansion smoothly. Not only will we double our footfall through cross-park engagement, but we will also significantly increase revenue and profitability by activating cost synergies and streamlining operations.
India’s changing economic landscape, marked by infrastructural development and rising discretionary spending, is a strong driver of our growth. Our 3C strategy—centered on urban clusters, catchment expansion, and connectivity—meets the shifting needs of our audience and drives sustained success. In today’s fast-paced world, we offer the perfect destination for families and friends to unwind and connect.”
