Wonderla Holidays spikes 12 per cent on reopening of water park

Nidhi Jani
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Wonderla Holidays spikes 12 per cent on reopening of water park

Wonderla Holidays Limited, India’s leading amusement park operator, today informed the bourses that the water rides at the theme park will be open to the public from November 20, 2020. The dry rides have already been operating since November 13th

Reacting to this positive development, the stock of Wonderla Holidays jumped nearly 12 per cent and made an intraday high of Rs 199.65 on BSE.

The Company’s operations were shut down from the month of March 2020. Accordingly Kochi Park was closed from 11 March, 2020. Thereafter Bangalore, Hyderabad Parks and the Resort were closed from 14th-15th March, 2020. As the spread of pandemic is continuing, the business for the quarter ended June 2020 i.e.Q1FY21 was fully impacted with Nil operating Revenue. However, in Q2FY21, company reported marginal revenue of Rs 0.18 crore. Accordingly, the net loss for Q2FY21 stood at Rs 15.80 crore, which was at Rs 14.51 crore in Q1FY21.

To survive the pandemic, Wonderla Holidays has forayed into food takeaway and home delivery division as part of business expansion on June 17, 2020. Under this business plan, company has launched two ‘Wonder Kitchen’ outlets in Bangalore since June 2020. To further expand its reach, it has partnered with Swiggy and Zomato for online orders and home delivery apart from takeaway. Company is also planning to launch its fourth outlet in Hyderabad in some time.

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