Share This Article
Wonderla Holidays recently informed that the management of the company is in conversation with the Madhya Pradesh government officials to check all the possibilities for setting up an amusement park in the state.
Wonderla Holidays has a presence in three states viz., Kerela, Karnataka and Telangana with their amusement parks based in Kochi, Bengaluru, and Hyderabad. The company its Q2 FY23 investor presentation had informed about an agreement with the state of Odisha for the development of an amusement park project in the state in Bhubaneshwar.
For the amusement park, the company has leased 50.6 acres of land. The duration of this lease is 90 years. The land is in the Khorda district in Bhubaneshwar, Odisha.
Wonderla Holidays had reported a consolidated net profit of Rs 10.53 crore in Q2 FY23 as against a loss of Rs 9.28 crore recorded in Q2 FY22. Revenue from operations during the period under review surged to Rs 66.04 crore from Rs 17.21 crore recorded in the same period last year.
The scrip rose 0.34% to currently trade at Rs 352.65 on the BSE.