Mumbai: Imagicaaworld Entertainment Limited, an amusement and water park operator, has announced its financial results for the quarter and half-year ending September 30th, 2024, marking a record performance with a 59% year-on-year growth in revenue for the first half of the fiscal year.
Key Highlights for H1FY25
- Record Revenue: Rs. 223.9 crore, up 59% YoY
- EBITDA: Rs. 106.6 crore with an impressive EBITDA margin of 48%
- PBT (before exceptional items): Rs. 66.3 crore, up 315% YoY, with a margin of 29%
- Footfalls: Highest ever at 16.2 lakh, a 128% increase YoY
- Strategic Acquisition: Paid Rs. 130 crore through internal accruals for acquiring the Lonavala and Shirdi Park businesses
Q2 FY25 Performance
- Revenue: Rs. 40 crore, up from Rs. 36 crore in Q2FY24
- Losses: Reduced to Rs. 6.7 crore, a significant improvement from Rs. 57.4 crore in Q2FY24
- Footfalls: 2.5 lakh across all parks during Q2
Operational Achievements
Integration with Giriraj Enterprises: Commercial consolidation of parks owned by the Malpani Group, leading to a 2x increase in footfalls and 1.5x growth in revenue.
Expansion: Imagicaa now operates across five locations with eight parks and a five-star hotel, the largest portfolio for any amusement player in India.
New Attractions: Over 15 new rides and attractions launched across Wet‘nJoy and Sai Teerth parks in H1FY25.
Surat Park Reopening: Surat park operations resumed in November 2024 after permission from Surat Municipal Corporation.
New Initiatives for H2FY25: Launch of a new Trampoline Park at Imagicaa Khopoli, new shows at Sai Teerth, expansion of Lonavala water park with eight new rides, and an upcoming Indore Water Park in Q4.
Jai Malpani, Managing Director of Imagicaaworld Entertainment, commented on the company’s performance: “The first half of this fiscal year has been landmark for us in terms of revenue and EBITDA growth. Despite challenges such as the national elections, a heatwave during vacations, and above-average monsoon conditions, our consolidation efforts have resulted in tangible positive outcomes. We have seen a 2x increase in EBITDA and 1.5x growth in revenue, and we remain focused on further enhancing guest experience and driving in-park spending through our premium offerings in food and merchandise.”
Malpani added, “Looking ahead, we are excited about the upcoming festive season and events like our ‘New Year Bash,’ which we believe will drive even greater engagement. With a strategic focus on expanding into Tier-1 and Tier-2 cities, we are laying the foundation for nationwide growth, and we are confident that this consolidation will enable sustainable value creation for our shareholders in the years to come.”
Imagicaaworld Entertainment is India’s premier destination for amusement and water parks, offering world-class attractions and entertainment experiences. With a strong foothold across multiple locations and a diversified portfolio, the company continues to innovate and expand, creating unforgettable experiences for visitors of all ages.
Imagicaaworld Entertainment’s robust growth trajectory reflects its commitment to operational excellence, guest satisfaction, and long-term value creation. As it prepares for future expansion, the company remains a leader in India’s rapidly growing amusement and leisure industry.
