Imagicaaworld Q1FY27 Net Profit Up 30% YoY

Quarterly Performance (₹ in Lakhs):

Revenues from Operations: ₹17,760 (Q1FY27) vs ₹14,810 (Q1FY26) - 19.9% YoY growth
Gross Profit: ₹16,155 (Q1FY27) vs ₹13,474 (Q1FY26) - 19.9% YoY growth
Gross Profit Margin: 91.0% (consistent YoY)
EBITDA: ₹9,010 (Q1FY27) vs ₹7,260 (Q1FY26) - 24.1% YoY growth
EBITDA Margin: 50.7% (Q1FY27) vs 49.0% (Q1FY26)
EBIT: ₹6,797 (Q1FY27) vs ₹5,023 (Q1FY26) - 35.3% YoY growth
Profit before Tax: ₹6,112 (Q1FY27) vs ₹4,498 (Q1FY26) - 35.9% YoY growth
Profit after Tax: ₹5,757 (Q1FY27) vs ₹4,431 (Q1FY26) - 29.9% YoY growth
PAT Margin: 32.4% (Q1FY27) vs 29.9% (Q1FY26)

Expense Breakdown (₹ in Lakhs):

Employee Cost: ₹1,302 (Q1FY27) vs ₹1,184 (Q1FY26)
Advertisement Expenses: ₹1,646 (Q1FY27) vs ₹1,493 (Q1FY26)
Other Expenses: ₹4,196 (Q1FY27) vs ₹3,537 (Q1FY26)
Depreciation: ₹2,483.1 (Q1FY27) vs ₹2,566.4 (Q1FY26)
Finance Cost: ₹730 (Q1FY27) vs ₹426 (Q1FY26)
Other Income: ₹269.7 (Q1FY27) vs ₹329.4 (Q1FY26)
Extraordinary Items/Prior Period Item: -₹45 (Q1FY27) vs ₹99 (Q1FY26)
Tax: ₹355 (Q1FY27) vs ₹66 (Q1FY26)

Shanku's Water Park Investment:

Investment of ₹50 crores for 50.002% stake in Mehsana Next Parks Private Limited (MNPPL)
MNPPL owns and operates Shanku's Water Park in Mehsana, Gujarat
Park features: 25+ acres, 25+ rides & attractions, recently renovated with advanced water filtration systems
Company will earn O&M fees of 6-10% from the operation
Additional land surplus of ~10 acres available for future expansion

Hello Park Expansion:

Signed LOI for first Hello Park in Hyderabad at Lake Shore Y Junction Mall (~10,000 sq ft)
Signed LOI for second Hello Park in Surat at Phoenix Mall's upcoming development (~9,000 sq ft)
Target opening for Hyderabad location before year-end festive season
Exclusive India rights secured for Hello Park, world's largest chain of immersive phygital parks for children

Sabarmati Riverfront Project:

Won bid in March 2024 to establish entertainment hub at Sabarmati Riverfront, Ahmedabad under PPP Mode
Project spans 11 acres with multiple indoor and outdoor attractions including Ferris wheel, racing track, F&B outlets
Project Master Plan ready, received environment clearance, ready for groundbreaking

Park Portfolio:

8 owned parks + 1 under O&M + 1 5-Star Hotel + 2 Hello Park LOIs signed
Mumbai-Pune Catchment (4 parks): Imagicaa Theme Park (Khopoli), Imagicaa Water Park (Khopoli), Wet'n Joy Water Park (Lonavala), Wet'n Joy Amusement Park (Lonavala)
Gujarat Catchment (2 parks): Aqua Imagicaa Water Park (Surat), Aqua Imagicaa (Shanku's) Water Park (Mehsana)
Rest of Maharashtra Catchment (2 parks): Wet'n Joy Water Park (Shirdi), Sai Teerth Devotional Theme Park (Shirdi)
Central India Catchment (1 park): Aqua Imagicaa Water Park (Indore)
Hospitality: Novotel Imagicaa (287-key 5-star hotel in Khopoli)

Catchment Advantages:

1. Expand Geographic Footprint: Leverage Imagicaa/Aqua Imagicaa brand to expand into new markets, target one new location annually

2. Diversify Product Offerings: Scale indoor entertainment formats (Hello Park), broaden addressable market

3. Enhance Existing Parks: Continuous addition of new attractions to drive repeat visitation and ARPU

4. Diversified Revenue Streams: Grow F&B, retail, sponsorships, partnerships, and advertising

5. Operating Synergies: Cross-park visits, dynamic pricing, cost efficiencies across functions

Indian Amusement & Theme Park industry expected to grow at 9-11% CAGR from FY2024 to FY2030
Growth supported by expansion into tier-2/3 cities, digital ticketing, theme parties, festival celebrations
Significant entry barriers: Capital intensive business, land acquisition hurdles, executional expertise required
State government incentives available in Maharashtra, Gujarat, Tamil Nadu, Madhya Pradesh