Imagicaaworld Entertainment Limited announced its quarterly business update for the quarter ending September 30, 2026 (Q2 FY27). The update is provided on a consolidated basis, with financial results subject to review by auditors.
Operational Performance
Consolidated footfalls across all parks during Q2 FY27 stood at 2.1 lakh, compared to 2.25 lakh in the corresponding period last year (Q2 FY26), registering a year-on-year drop of 6%. This decline was primarily attributed to heavy rains in July and August 2026 in the company's key catchment areas, reflecting the inherent seasonality of the outdoor parks business.
Key Corporate Developments
Asset Sale: The Board of Directors approved the sale of Novotel Imagicaa to Juniper Hotels Ltd (JHL) for a lumpsum consideration of ₹248 crores. A binding Memorandum of Understanding (MoU) was executed with JHL in the first week of October 2026.
Capital Raising: The company had previously allotted 2,34,82,500 convertible warrants at an issue price of ₹73.50 per warrant to the promoter and identified non-promoter investors. At the time of allotment, 25% of the consideration was received upfront. The company has now received the balance 75% subscription amount of ₹129.45 crore, resulting in full conversion of all warrants into equity shares. No warrants remain outstanding.
Acquisition: The company expanded its portfolio by acquiring a 50% stake in Mehsana Next Parks Private Ltd, the Special Purpose Vehicle (SPV) that owns and operates Shanku's Water Park in Mehsana, located between Ahmedabad and Gift City.
Future Expansion: The company's indoor entertainment foray is set to begin in Q3 FY27 with the launch of the first Hello Park in Lakeshore Mall, Hyderabad. This expansion is being executed through the company's wholly owned subsidiary, Imagicaa Next Private Limited.
Company Background
Imagicaaworld Entertainment Limited owns and operates India's leading theme and water parks, including Imagicaa, WetnJoy, Sai Teerth, and Aqua Imagicaa at various locations.
Disclosure
This document includes forward-looking statements subject to numerous risks and uncertainties, and the company assumes no obligation to update them.