Wonderla Holidays Q3FY26: Revenue up 10.7%, PAT down

Wonderla Holidays Ltd reported mixed financials for Q3FY26, with strong top-line momentum but a sharp drop in reported profitability. Revenue from operations rose 10.7% year-on-year to ₹1,345.30 crore, supported by the launch of its Chennai amusement park and an improvement in customer monetisation metrics across existing parks.

But profit after tax (PAT) declined 28.7% to ₹144.84 crore from ₹203.04 crore in Q3FY25, largely due to exceptional items of ₹80.52 crore. The quarter also showed an 11.8% rise in EBITDA, alongside what the company described as healthy margins.

Q3FY26 results at a glance

The company’s reported performance reflected a quarter of expansion-led revenue growth, combined with one-off impacts on the bottom line. Q3FY26 revenue from operations came in at ₹1,345.30 crore, up 10.7% year-on-year. PAT, however, fell to ₹144.84 crore compared with ₹203.04 crore a year earlier.

The company attributed the decline in profitability primarily to exceptional items worth ₹80.52 crore. While the article data points to EBITDA growth of 11.8%, it does not provide the absolute EBITDA number for Q3FY26. Operational metrics such as footfalls, ARPU, and SPH improved, indicating better realisations per visitor.

Chennai park launch drives incremental revenue

A key highlight of the quarter was the successful launch of Wonderla’s fifth amusement park in Chennai. Despite operating for only one month during Q3FY26, the Chennai park recorded 0.75 lakh footfalls and generated ₹119.2 crore in revenue.

The Chennai park reported an ARPU of ₹1,596 for the month of operations mentioned in the quarter. For Wonderla, early ARPU performance matters because ticketing and in-park spends form the base for operating leverage once utilisation ramps up over subsequent quarters.

Footfalls and monetisation improved across parks

Across all parks, total footfalls stood at 9.17 lakh in Q3FY26. The company reported ARPU of ₹1,377 for the quarter, up 8% year-on-year.

Spend per head (SPH) was reported at ₹455, up 14% year-on-year. Together, higher ARPU and SPH suggest that visitors spent more per trip, which typically supports margins in a high fixed-cost business like amusement parks, provided costs remain contained.

PAT decline linked to exceptional items

Despite higher revenue and EBITDA growth, reported PAT dropped 28.7% year-on-year. The company linked this decline primarily to exceptional items of ₹80.52 crore.

This distinction is important for investors assessing underlying operating trends versus reported earnings. The article text does not detail what made up the exceptional items beyond their total value, but it clearly flags them as the primary driver of the year-on-year decline in PAT.

Resort business shows strong nine-month growth

Wonderla’s resort business delivered strong growth on a nine-month basis. Revenue from the resort segment reached ₹193.4 crore for 9MFY26, up 48% from ₹130.6 crore in 9MFY25.

The nine-month performance provides context beyond the quarter, showing that non-park revenue streams are contributing more meaningfully than in the prior year period. The company operates in both amusement parks and resort hospitality.

QIP fund utilisation: no deviation reported

Wonderla confirmed there was no deviation in utilisation of its ₹540 crore QIP funds in Q3FY26. It reported that ₹447.05 crore had been deployed.

Deployment was stated to be across Chennai park development, Bengaluru expansion projects, and corporate purposes. For capital-intensive businesses, disclosures on fund utilisation help investors track whether expansion spending aligns with previously communicated plans.

Stock snapshot and listed-company metrics

The article data includes a market snapshot for Wonderla Holidays Ltd. It lists the market capitalisation at ₹3,001 crore and a current price of ₹473, with a 52-week high/low of ₹717/₹471.

It also mentions ROCE of 7.82% and ROE of 7.51%. A separate line in the data shows a price reference of 526.55 with a move of -2.55 (-0.48%), but it is not tied to the Q3FY26 result date in the provided text.

FY25 and earlier-quarter context from company commentary

The article text also includes FY25 disclosures and earnings-call style commentary. It states the company ended FY25 with total income of ₹482.78 crore and Q4FY25 revenue of ₹107.5 crore, with Q4FY25 footfall of nearly 6.8 lakh.

It also reports EBITDA margin at 28% for Q4FY25 and 36% for the full year, and notes that FY25 saw a slight degrowth in revenue and footfall due to unpredictable market conditions and softening discretionary spend. Park-wise Q4FY25 footfalls were listed as Bengaluru 2.18 lakh, Kochi 2.08 lakh, Hyderabad 2.11 lakh, and Bhubaneswar 0.41 lakh.

Key reported numbers (Q3FY26 and selected context)

Market impact and why this quarter matters

From an operating standpoint, Q3FY26 showed improvement in two key drivers: visitor volumes (footfalls) and monetisation (ARPU and SPH). The Chennai park’s first month added ₹119.2 crore of revenue in the quarter, offering an incremental growth lever that did not exist in the base period.

At the same time, the 28.7% decline in PAT highlights how exceptional items can reshape reported earnings even when operating metrics are improving. Investors tracking the stock typically separate core operating momentum from one-off impacts, especially in an expansion phase where accounting and project-related items can create volatility.

Conclusion

Wonderla’s Q3FY26 performance combined revenue growth and improved per-visitor spends with a reported PAT decline driven by ₹80.52 crore of exceptional items. The Chennai park contributed meaningful revenue despite only one month of operations in the quarter, while the resort business showed strong nine-month growth. The next set of results will indicate how quickly the Chennai park scales beyond its initial month and whether operating gains translate more consistently into reported profits.