Net profit of Wonderla Holidays declined 77.68% to Rs 1.56 crore in the quarter ended March 2020 as against Rs 6.99 crore during the previous quarter ended March 2019. Sales declined 30.06% to Rs 42.37 crore in the quarter ended March 2020 as against Rs 60.58 crore during the previous quarter ended March 2019.

For the full year,net profit rose 16.91% to Rs 64.78 crore in the year ended March 2020 as against Rs 55.41 crore during the previous year ended March 2019. Sales declined 3.95% to Rs 270.68 crore in the year ended March 2020 as against Rs 281.81 crore during the previous year ended March 2019.

Powered by Capital Market - Live News

Wonderla Holidays announced that the company has decided to temporarily close the Hyderabad Park from 15 March to 21 March 2020. This decision has been taken in accordance with the safety and pre-cautionary guidelines outlined by the State Government to prevent and contain the spread of COVID 19.

Powered by Capital Market - Live News

The scrip fell 12.97% to hit the day's low at Rs 165, which is also a 52-week low for the stock.

In view of the emerging situation in the State of Telangana, consequent to the reported Corona Virus cases, the company has decided to temporarily close the Hyderabad Park from 15th to 21st March 2020. This decision has been taken in accordance with the safety and pre-cautionary guidelines outlined by the State Government to prevent and contain the spread of COVID 19, the company said in a statement on Monday, 16 March 2020.

The company reported 24.3% fall in net profit to Rs 10.99 crore on an 8% fall in net sales to Rs 69.98 crore in Q3 December 2019 over Q3 December 2018.

Wonderla Holidays is engaged in the business of amusement parks and resorts. The company's segments include Amusement park, Resort and Others. It operates approximately three amusement parks in Kochi, Bangalore and Hyderabad under the brand name Wonderla.

Powered by Capital Market - Live News

Wonderla Holidays has decided to temporarily close the Kochi Park from 11 March to 20 March, 2020, in view of the emerging situation in the State of Kerala, consequent to the reported Corona Virus cases.

Powered by Capital Market - Live News