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.

Wonderla Share Price on a Roller Coaster Ride

Wonderla share price has shown a lot of activities today, before and after the quarterly result of the company. Wonderla Holidays Ltd.’s shares plunged around percent after the company’s net profit went down by 19 percent in the first quarter compared to the same period last year.

Profit knocked down to Rs 22.5 crore in the April-June quarter from Rs 28 crore in the corresponding quarter last year.The Revenue went up 32 percent to Rs 88.9 crore in the first quarter from Rs 67.2 crore in the same quarter in last financial year. The company reported other income at Rs 2 crore. EBITDA fell to Rs 39.2 crore, down by 2.7 percent on a year-on-year basis and EBITDA margin also fell to 44.1 percent from 59.9 percent over the year.

Before the results were declared Wonderla share price went up by 1% with the volume traded going up by 1.62 times. Dynamic Levels have identified the stock as the Multibagger for the month. The stock is traded on high volume and can produce good returns. Wonderla share price was trading near its closest support level which is Rs. 398.15. The closest resistance of the stock stands at Rs. 424.10. For more details on support and resistance levels on the stock visit the Wonderla share price forecast page of the website.