Wonderla Share Price Dips Post Q3 And 9M Results

Wonderla filed its results for the quarter and the nine months ended 31^st December 2016.

Highlights of the results for the quarter and nine months period ended 31^st December 2016.

• Gross Revenue- For the nine month ended 31st December 2016-17, was Rs 214.17 crores marking an increase of 21.30 per cent over the corresponding period of the previous financial year of Rs 176.55 crores. Similarly the gross revenue for the quarter ended 31st December 2016 was Rs 71.44 crores showing an increase of 34.50 per cent.
• Profit after Tax- For the nine month ended 31st December 2016-17, was Rs 29.63 crores marking a decline of 43.29 per cent over the corresponding period of the previous financial year of Rs 52.25 crores. Similarly the gross revenue for the quarter ended 31st December 2016 was Rs 4.21 crores showing a decline of 66 per cent.
• Revenue from the three amusement parks, namely Bangalore, Kochi and Hyderabad were Rs 68.02 crores for the quarter. Similarly the gross revenue for the Nine months period ended period ended 31st December 2016 was Rs 204.74 croresw.
• The resort division continues its good performance with an occupancy rate of 61 per cent as against 44 per cent last year for the quarter.

In the filing to the BSE the Company expressed its happiness with its performance during the quarter of the ongoing financial year. The company had good footfalls at the park and resort during the festive season and it has recorded a 34.5 per cent growth in revenue backed by a 32 per cent growth in the footfalls at the parks during the quarter.

However, Wonderla share price has dipped more than 

3 per cent since the morning and at 1.05 PM it was seen trading at Rs 360.95.

Wonderla is one of the top 500 shares identified by Dynamic Levels.

For some insight in the support and resistance levels of the share at Wonderla share price forecast.