Wonderla Holidays Ltd

Meeting Details

• Date: August 28, 2026; sessions at 11:00 am and 3:00 pm.
• Type/Mode: one-on-one virtual meetings.
• Participants: company management team to participate in the meetings.
• Organisers/Counterparties: Awirga Capital and GeeCee Holdings.
• Purpose: participate in investor/analyst discussions.

GST SCN and liability

• Show Cause Notice received from GST authority.
• Date and issuing authority: Aug 21, 2026, Principal Commissioner of Central Tax CGST West Bengaluru.
• Tax demand Rs 15,72,58,674; interest Rs 2,83,06,561; penalty Rs 15,72,58,674.
• Woods restaurant short payment: 01.04.2020 to 21.06.2023.
• Bengaluru Park restaurants short payment: 01.04.2020 to 31.03.2026.
• Resort accommodation short payment: 01.04.2020 to 21.06.2023.
• Company to file detailed reply within prescribed timelines; pursue legal remedies.
• No immediate financial impact; Company evaluating SCN with tax advisors.
• No order passed; no penalties imposed as of date.
• Annexures 1 and 2 attached detailing SCN and regulatory disclosures.

Facilities and ratings

• Long Term Bank Facilities ₹309 crore: CARE AA-; Positive; Outlook revised from Stable.
• Long Term/Short Term Bank Facilities ₹50 crore: CARE AA-; Positive / CARE A1+; Outlook revised from Stable.
• Short Term Bank Facilities ₹21 crore: CARE A1+; Reaffirmed.

Rationale and outlook

• Rationale: based on FY26 and Q1FY27 performance.
• Outlook revised to Positive for long-term facilities; other ratings reaffirmed.
• Material change: Outlook upgraded from Stable; ratings reaffirmed.
• Agency: CARE Ratings Limited (CareEdge Ratings).

AGM Details

• Date: 19 August 2026.
• Start time: 11:00; End time: 11:40.
• Mode: hybrid (physical + VC).
• Record date: 13 August 2026.

Resolutions & Outcomes

• Total resolutions put to vote: four; all passed.
• Re-appointment of director by rotation (Priya Joseph) — passed with 99.98% in favour.
• Re-appointment of Deloitte Haskins Sells as Statutory Auditors — passed with 99.96% in favour.

AGM Details

• Date and time: 19 Aug 2026, 11:00 AM.
• Mode: VC/OAVM.
• Record date: 13 Aug 2026.
• Shareholders on record: 55,109.
• Attendance: 38 shareholders present.

Key Resolutions and Outcomes

• Item 1 (Ordinary): Adoption of financial statements — passed.
• Item 2 (Ordinary): Final dividend of Rs 2.00 per share — passed.
• Item 3 (Ordinary): Re-appointment of Priya Sarah Cheeran Joseph by rotation — passed.
• Item 4 (Ordinary): Re-appointment of Deloitte Haskins & Sells; five-year term; remuneration fixed — passed.
• Material RPTs: none disclosed.

Financial Performance

• Q1 FY27 revenue ₹252 crores, up 41% YoY.
• EBITDA ₹122 crores, up 39% YoY; EBITDA margin 48%.
• PAT ₹72.79 crores; PAT margin 29%.
• Footfall 12.25 lakh, up 33% YoY.
• Chennai Park: revenue ₹45 crores and 2.42 lakh visitors.
• Chennai Park EBITDA ₹21.86 crores; 64% of EBITDA growth; existing parks ₹15.93 crores; resorts ₹3.19 crores.
• ARPU ₹1,901; average ticket price ₹1,310; non-ticket spend ₹591.
• ARPU growth 8%; footfall growth 7%; mature parks performing well.

Operating Metrics and Geography

• Bengaluru footfall 3.43 lakh; Kochi 2.5 lakh; Hyderabad 2.9 lakh; Bhubaneswar 1 lakh.
• Chennai contributed 2.42 lakh visitors in Q1.
• Chennai margin expected to align with other parks as it matures.
• New asset Chennai Park: first-year revenue ~₹45 crores and rapid ramp-up.
• Footfall by park reflects mix: Hyderabad strongest YoY among newer parks.

Balance Sheet and Cash

• Net cash on balance sheet crossed INR 400 crores.
• Corporate overhead up by INR 6.5 crores in quarter.
• Other income ₹9.47 crores; primarily interest and investment gains.
• Depreciation up by INR 11.49 crores due to Chennai Park.

Projects and Capex

• Capex guidance: expansion ~10% of top line; maintenance ~6–7%.
• Chennai Park area 61.87 acres; developed ~30 acres.
• End of this fiscal year: at least one park to be announced.
• Over next 3–4 years: 1–2 large parks and 1–2 small parks.
• Exploring asset-light models where feasible; ISLE/Terrea resorts expanding to other cities.

Guidance and Outlook

• Management remains optimistic about continued profitable growth.
• Chennai ramp-up expected to approach margins of mature parks over time.
• No formal full-year targets disclosed on this call.

Q&A Highlights

• Hyderabad growth engine: ramp-up aided by marketing and branding.
• ISLE and Terrea resorts show strong early performance; replication planned after year-end review.
• IP strategy favors proprietary IP; licensing not pursued unless beneficial.
• Park capacity: large parks ~1.2–1.3 million; small parks ~0.5 million visitors.
• Non-ticketing revenue share targeted at 40–50% from current 30%.

Meeting Details

• Date and time: August 17, 2026 at 12:00 PM.
• Type and mode: one-on-one physical meeting.
• Organizer: India Capital.

Participants

• Company management team to participate in the meeting.

Purpose

• Purpose: investor/analyst engagement.

Overview

• Standalone BRSR for FY2025-26; core activities: amusement parks, resort, restaurants, and retail.
• Product mix: Amusement Parks 95%, Resort 5%.
• Standalone reporting boundary; FY period; 10 locations nationwide.
• Operations across Karnataka, Kerala, Telangana, Odisha, Tamil Nadu.
• Paid-up capital Rs 6,342.28 Lakhs; disclosures on a standalone basis.

Key ESG Risks & Opportunities

• Customer experience risk; mitigated by ride safety inspections, harnesses, attendants, lifeguards, CCTV, and emergency systems.
• Energy management: ~40% power from captive solar; Kochi 684KW, Bangalore 50KW, Hyderabad 800KW.
• Water stewardship: 7R framework; rainwater ponds 427 Lakhs capacity; pool water recycled; sewage reused.
• Procurement risk: long-term vendor relations, local sourcing, green transport; carpooling incentives for guests.
• OHS risk: comprehensive safety system; SHP; risk-based training; LTIFR data tracked.
• Emissions data not measured; Scope 1/2/3 figures not disclosed.

Governance & Policy Highlights

• Risk Management and ESG Committee oversees ESG policies; reports to the Board.
• ISO 14001:2015 and ISO 45001:2018; FSSAI certificates; internal audits.
• Anti-bribery/anti-corruption policy in place; board-approved; training under ABAC.
• Board diversity policy; female representation on board about 28.6%.
• No regulatory penalties; no external assurance; compliance through board and committee oversight.

Social Responsibility & Workforce

• Total workforce: 871 permanent employees; 2,735 workers; female share 9.4% (permanent) and 26.5% (workers).
• Well-being spend 1.72% of revenue; PF, Gratuity, ESI coverage 100%.
• 100% training coverage on health, safety, and related topics for employees and workers.
• Accessibility: offices accessible to disabled; parks not yet fully accessible.
• POSH: 2 complaints in FY25; 1 upheld; vigilance and grievance mechanisms in place.
• CSR spend Rs 363.86 Lakhs across aspirational districts; multiple districts and programs implemented.

Environmental Performance

• Total energy consumption: 43,130 GJ; electricity 33,800 GJ; fuel 404 GJ; other 7,662 GJ.
• Renewable energy: captive solar ~40% of power; site installations across Kochi, Bangalore, Hyderabad.
• Water: withdrawals 4,79,565 KL; surface 196,920 KL; groundwater 167,040 KL; third-party 115,604 KL.
• Waste: total 362.319 MT; plastics 13.449 MT; e-waste 2.67 MT; hazardous waste 93.44 MT; other 249.62 MT.
• ZLD: pool water and restaurant wastewater recycled; sewage water used for gardening.
• GHG emissions: Scope 1/2 and Scope 3 not measured or reported in this period.

Stakeholder Engagement & Complaints

• Key stakeholder groups: customers, investors, government, regulators, value chain partners, employees, society.
• Engagement channels: email, website, intranet; frequency varies (quarterly/annual).
• Grievance mechanisms: Vigilance officer; whistle-blower; CSR monitoring; inquiries via form.
• CSR Committee oversees CSR activities; Stakeholder Relationship Committee handles investor concerns.
• POSH complaints monitored; no major unresolved community complaints reported.

Other Notable Metrics

• Data privacy policy in place; no data breaches in FY2025-26.
• Affiliations: IAAPI, FICCI, BCIC (three trade associations).
• CSR spend Rs 363.86 Lakhs in aspirational districts; distribution across Kerala, Telangana, Karnataka, Odisha, Tamil Nadu.
• Supplier Code of Conduct in place; vendors required to meet legal, ethical, and environmental requirements.
• Product recalls: none; no anti-competitive conduct recorded.

Financial performance

• Revenue from operations: ₹51,877.23 lakhs, up 13.13% YoY.
• Total income: ₹55,107.90 lakhs, up 14.15% YoY.
• EBITDA: ₹19,245.47 lakhs, up 12.28% YoY.
• PAT: ₹8,173.44 lakhs, down 25.20% YoY.
• Footfall: 32.19 lakh, up 5.58% YoY.
• ARPU: ₹1,530; up 6% YoY.

Expansion & portfolio

• Chennai Park opened Dec 2025; 64.3 acres and 43 rides.
• ISLE by Wonderla launched May 2025; premium resort adjacent to park.
• Five parks operational across Bengaluru, Kochi, Hyderabad, Bhubaneswar, Chennai.
• Chennai four-month revenue ₹4,142 lakhs.
• Chennai project cost ₹522.47 crores; capitalised ₹458.88 crores.

Capital & dividends

• Final dividend ₹2 per share (20%) for FY25-26.
• Paid-up capital ₹63.42 crore; Authorized capital ₹80 crore.
• QIP net proceeds ₹525 crore; used for Chennai, Bengaluru ISLE, Resort refurb, and general.
• ESOS 2016: 14,003 shares allotted; outstanding options 3,03,087.

Corporate governance & audit

• Statutory Auditor Deloitte Haskins & Sells reappointed for second five-year term.
• Secretarial Auditor Somy Jacob; MR-3 report unqualified.
• Board meetings: six in FY25-26; Independent Directors held separate meeting on 20 Mar 2026.
• CEO/CFO certification confirms financial statements and internal controls.

CSR & ESG

• CSR spend ₹363.86 lakhs; 2% average net profit ₹347.26.
• CSR categories: Education, Health, Community Development, Donations.
• Energy: in-house solar generation and solar PPAs.
• Water management and waste initiatives implemented across parks.

People & workplace

• 871 employees; median remuneration ₹5.94 lakhs.
• Great Place to Work certification for three consecutive years.
• ESOS: 3,03,087 options outstanding; expense ₹400.86 lakhs in FY26.

Outlook & risks

• Indian leisure sector offers long-term growth; disciplined capital deployment planned.
• Risks include safety, regulatory changes, and demand volatility; mitigated by governance and campaigns.
• Global uncertainties persist; domestic tourism rebound supports growth.

Meeting Details

• Board meeting scheduled for Aug 04, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• No other material notes disclosed.