Mumbai: Imagicaaworld Entertainment Limited has announced strong financial results for the third quarter (Q3FY25) and nine months (9MFY25) ended December 31, 2024, demonstrating significant growth in revenue, profitability, and footfalls despite macroeconomic uncertainties.
Financial Performance Highlights
9MFY25 vs. 9MFY24:
- Revenue: ₹315.82 crore, up 49% from ₹210.62 crore
- EBITDA: ₹136.27 crore, up 58%, with EBITDA margins of 43%
- PBT (before exceptional items): ₹70.49 crore, up 145% YoY, with a 22% margin
- Footfalls: 21.1 lakh visitors, up 195% from 10.81 lakh
Q3FY25 vs. Q3FY24:
- Revenue: ₹91.86 crore, up 31% from ₹70.03 crore
- EBITDA: ₹29.61 crore, up 7.1%, with EBITDA margins of 32%
- PBT (before exceptional items): ₹4.15 crore, with a 4.5% margin
- Footfalls: 6.37 lakh visitors, up 72% from 3.71 lakh
Operational Milestones
- Credit Rating Upgrade: Received ‘IND A/Stable’ credit rating from India Ratings & Research, reflecting the company’s strong financial position and consistent business performance.
- Aqua Imagicaa, Surat Reopening: Successfully recommenced operations on October 21, 2024, post approvals from Surat Municipal Corporation under new norms.
- Launch of Imagicaa Arena Trampoline Park: A new attraction featuring 15+ activities, including neon-lit trampolines, glow-in-the-dark features, and an immersive high-energy experience.
- New Shows at Sai Teerth: Introduction of Kaliya Mardan 5D Show and Mushak Maharaj Show, blending India’s cultural heritage with cutting-edge technology to enhance visitor experiences.
Strategic Fundraising and Expansion
- ₹345 Crore Fundraise Approved: The Board has approved a preferential issue at ₹73.50 per share, raising ₹345 crore through a mix of equity and warrants.
- Utilization of Funds: Proceeds from the fundraising will be used for:
Acquisition of Indore Water Park (set to commence operations next quarter)
Payments for Wet’n Joy parks
Acquisition of a 6.65 MW solar power plant for ₹16 crore, aimed at reducing power costs across Imagicaa’s parks via captive energy use.
Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited, stated, “We are pleased to report a steady performance for Q3 and 9MFY25. Despite macroeconomic uncertainties and subdued consumer spending, we continue to receive love from our guests due to the quality of experiences we provide. Our unwavering commitment to redefining entertainment through innovation, immersive attractions, and exceptional guest experiences continues to drive our success.”
“I am pleased to inform that the Board has approved a fundraise of ₹345 crore through a preferential issue, with participation from promoters and strong interest from quality investors. These strategic investments align with our long-term vision of expanding our footprint and elevating the quality of our entertainment offerings. Additionally, our Indore Water Park, strategically located in a high-potential catchment area encompassing Indore and Ujjain, is set to commence operations in the coming quarter. We are confident that the park will receive an enthusiastic response from visitors.”
