Shares of Wonderla Holidays rose 13% to Rs 425 in intra-day trade on BSE on Wednesday as the company reported a robust 85 per cent year-on-year (YoY) jump in profit after tax for the December quarter (Q3FY23) 38.90 crores in 2017-19 giving a healthy operating performance.

Shares of India’s largest amusement park chain were trading near a 52-week high of Rs 455 on September 20, 2022. It was quoted 9% higher at Rs 409 at 1:03 pm, compared with a 0.65% gain in the S&P BSE Sensex. The average over-the-counter volume jumped several times, with a combined 1.4 million shares changing hands on the NSE and BSE.

Wonderla Holidays reported double-digit revenue growth across all divisions, driven by substantial foot traffic. In the third quarter of fiscal 2023, traffic for the quarter was 920,000, compared to 720,000 in the third quarter of fiscal 2020.

Operating income rose 71% QoQ and 134% YoY to Rs 113.2 crore. EBITDA was Rs 56.45 crore, up 190% QoQ and 295% YoY, with an EBITDA margin of 33.07% (up 2,045 bps QoQ and 2,035 bps YoY).

Management said the significant increase in tourist arrivals was due to domestic tourism, an increase in casual customers and a resurgence in student excursions.

“We are pleased with the overall business performance this quarter and expect continued growth in the coming quarters. The construction of our new park in Bhubaneshwar, Odisha, has started, and we aim to open it by 2025,” the management said.