Wonderla's net profit falls in Q4 to 1.56 crore

Highlights

Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quar...

Hyderabad: Amusement park operator Wonderla Holidays on Wednesday said it registered 77.68 per cent drop in its net profit to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore during the corresponding quarter a year ago.

Sales declined 30.06 per cent to Rs 42.37 crore in the quarter ended March 2020 as against Rs 60.58 crore during the quarter ended March 2019.

For the full year, net profit rose 16.91 per cent to Rs 64.78 crore in the year ended March 2020 as against Rs 55.41 crore a year ago. Sales declined 3.95 per cent to Rs 270.68 crore in the year ended March 2020 as against Rs 281.81 crore during the previous year ended March 2019.

Commenting on the performance of the company during the quarter, company said: "due to outbreak of the pandemic, we had to close down the entire operations of the company during March 2020. We lost nearly 1.20 lakh footfalls due to the closure. This has negatively impacted the performance for Q 4".

However, the company could record a gross revenue of Rs 283 crore during the financial year which is only Rs 8 crore less than the previous financial year, it added.