Mumbai, January 28th, 2016: Adlabs Entertainment Limited owns and operates two parks, namely Imagica Theme Park (Adlabs Imagica), Aquamagica Water Park (Adlabs Aquamagica) and a family hotel Novotel Imagica Khopoli announced its unaudited Financial Results for the quarter & nine month ended December 31st, 2015.
Performance highlights for the quarter ended December 31st, 2015:
- Footfalls increased by 23% to 4,49,621 as compared to 3,67,019 in Q3FY15.
- Revenues increased by 8% to Rs. 73.2 crore, as compared to Rs. 67.9 crore in Q3FY15.
- EBITDA increased by 9% to Rs.14.78 crore, as compared to Rs.13.53 crore in Q3FY15.
Standalone Financials at a Glance:
Rs.
| Rs. Crores | Q3 FY16 | Q3 FY15 | % Change | 9M FY16 | 9M FY15 | % Change | FY15 |
| Combined footfall (nos.) | 4,49,621 | 3,67,019 | 23% | 12,36,931 | 7,64,202 | 62% | 10,64,493 |
| Revenue | 73.2 | 67.9 | 8% | 195.41 | 139.99 | 40% | 189.4 |
| EBITDA | 14.78 | 13.53 | 9% | 33.26 | 16.84 | 98% | 20.5 |
F* Note: These are abridged financial highlights. For details please refer to published results.
Commenting on the results, Mr. Kapil Bagla, CEO, Adlabs Entertainment Limited said: The footfalls to both the parks, Imagica and Aquamagica put together in this quarter stands at 4.49 lacs vs. 3.67 lacs, signifying a growth of 23% on YoY basis. We are also happy to share with you that on 27th Dec, we entertained the highest single day footfall of 14,128 in Imagica. The Revenues for Q3 stands at Rs. 73.2 crores vs. Rs. 67.9 crores in the previous year, signifying the growth of 8% on a YoY basis. Consequently the EBITDA for Q3 is Rs. 14.78 crore vs. EBITDA Rs. 13.53 crore in the corresponding Quarter of last year showing a growth of 9%.
On a 9 monthly basis, the revenue for nine months of FY16 stands at Rs.195.41crore, vs. Rs. 139.99 crores in the previous year signifying the growth of 40% on a YoY basis. Consequently the EBITDA for nine months of FY16 is Rs. 33.26 Crores vs. Rs. 16.84 crores in the previous year signifying the growth of 98%. We are extremely enthused by the performance of our Hotel Novotel Imagica for Q3 the average occupancy of the hotel stood at a healthy 75% at an average Room ARR was Rs. 5800+. Novotel Imagica has been able to establish a niche in the MICE, Leisure and social event segments of the markets in the region. This further establishes our positioning as a “Holiday destination”. The Hotel has consistently generated an excellent customer feedback and reviews.
In December we achieved the milestone of entertaining 3 million guests in our parks in 2.5 years since the launch of Imagica in 2013, probably the fastest and highest ramp-up of any outdoor destination in the country.
About Adlabs Entertainment Limited
Adlabs Entertainment Limited owns and operates two theme parks, namely Adlabs Imagica & Adlabs Aquamagica – Water Park and is developing a 287 keys family hotel – Novotel Imagica. Imagica is India’s first and only International standard Theme Park, offering fun, action, entertainment, dining and shopping at a single location. It’s an all-weather theme park spread over 132 acres with 25 rides and attractions targeted at visitors of all age groups along with 5 themed restaurants and Retail & Merchandise stores selling Imagica branded merchandise. TheTheme Park became fully operational on November 1, 2013.
Aquamagica is India’s first international standard water park located adjacent to the theme park. Built in the Mykonos theme from the land of Greece, Aquamagica has 14 thrilling rides and 7 exquisite restaurants. Aquamagica became operational on October 1, 2014. Our 287 keys family hotel, named Novotel Imagica Khopoli is located adjacent to our parks. The first phase comprising of 116 keys and the majority of the public facilities, opened on 16thSeptember 2015.