Q4FY24 Quarterly & FY24 Annual Result Announced for Imagicaaworld Entertainment Ltd.
Leisure Activities company Imagicaaworld Entertainment announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Q4FY24: Rs 58.6 crore, Up by 6% vs Q4FY23 Q4FY24: Rs 19.2 crore, Up by 20% vs Q4FY23 Margin 33% FY24 Financial Highlights: Reported highest annual revenue of Rs 269.2 crore and highest annual EBITDA of Rs 105.5 crore, with EBITDA margin standing at 39% vs 33% compared to same period last year Novotel Imagicaa clocked highest ever occupancy in FY24 at 51.6% up from 47.0% in FY23 Company announced acquisition of four operational parks in Lonavala and Shirdi under the brand of Wet’n Joy and Sai Teerth and acquisition of an under-construction water park in Indore Bagged PPP project in Ahmedabad to set-up an entertainment hub by the iconic Sabarmati River front Launched ‘Grand Musical Fountain Show’ which won the ‘Most Innovative Ride’ from IAAPI for its cutting-edge technology that captivates its audiences with mesmerizing blend of music,water, and light The first Theme Park in India to be recognized by the Bureau of Indian Standards (BIS) with thedistinction of All India First Esteemed Licensee for its highest safety and quality benchmarks Commenting on the Company’s financial performance, Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited, said, “We are glad to close the year with our highest annual revenue and EBITDA numbers. We are committed to sustained growth through both organic initiatives and expansion into new geographies. We are excited about the strategic consolidation of Wet’n Joy and Sai Teerth parks, as well as the addition of a new water park in Indore, which is set to open in the coming months. These acquisitions are expected to drive significant growth and enhance value for our shareholders and guests.We look forward to FY25, which will be the first year for our consolidated operations. Our dedication to providing exceptional experiences and expanding our footprint positions us for continued success and increased stakeholder value.” Result PDF29-05-2024