Key Financial Figures (Standalone)

Quarterly Performance (₹ in Lakhs):

  • Q2 Sept 2026: Revenue from Operations: ₹1,021.61; Other Income: ₹39.97; Total Income: ₹1,061.58; Net Loss: ₹(170.60)
  • Q1 Jun 2026: Revenue from Operations: ₹1,905.02; Other Income: ₹202.18; Total Income: ₹2,107.20; Net Profit: ₹518.73
  • Q2 Sept 2025: Revenue from Operations: ₹1,150.15; Other Income: ₹108.15; Total Income: ₹1,258.30; Net Profit: ₹17.59

Half-Yearly Performance (₹ in Lakhs):

  • HY Sept 2026: Revenue from Operations: ₹2,926.63; Other Income: ₹242.15; Total Income: ₹3,168.78; Net Profit: ₹348.13
  • HY Sept 2025: Revenue from Operations: ₹3,779.63; Other Income: ₹240.26; Total Income: ₹4,019.89; Net Profit: ₹1,957.34

Annual Comparison (₹ in Lakhs):

  • FY Mar 2026: Revenue from Operations: ₹6,634.67; Other Income: ₹453.30; Total Income: ₹7,087.97; Net Profit: ₹1,970.81

Earnings Per Share (₹):

  • Q2 Sept 2026: (0.36) [Basic and Diluted, not annualized]
  • HY Sept 2026: 0.74 [Basic and Diluted, not annualized]

Segment-wise Revenue (Q2 Sept 2026, ₹ in Lakhs):

  • Park Operations: ₹917.77
  • Consultancy, Contracts and Sale of Ride Components: ₹36.84
  • F&B and Other Recreational Facilities: ₹67.00

Segment-wise Results (Q2 Sept 2026, ₹ in Lakhs):

  • Park Operations: ₹(231.86)
  • Consultancy, Contracts and Sale of Ride Components: ₹16.32
  • F&B and Other Recreational Facilities: ₹9.95

Assets and Liabilities (Standalone, as of Sept 30, 2026)

  • Total Assets: ₹13,657.58 Lakhs (Previous: ₹13,558.94 Lakhs as of Mar 31, 2026)
  • Property, Plant and Equipment: ₹4,207.15 Lakhs
  • Capital Work in Progress: ₹1,034.94 Lakhs
  • Investments: ₹1,154.64 Lakhs (Other Investments)
  • Total Equity: ₹10,570.35 Lakhs (Equity Share Capital: ₹468.00 Lakhs; Other Equity: ₹10,102.35 Lakhs)
  • Total Liabilities: ₹3,087.23 Lakhs

Cash Flow (Standalone, Half-Year Ended Sept 30, 2026)

  • Net Cash from Operating Activities: ₹160.37 Lakhs
  • Net Cash Used in Investing Activities: ₹(196.49) Lakhs
  • Net Cash Used in Financing Activities: ₹(234.00) Lakhs (Dividend Payment)
  • Net Decrease in Cash: ₹(270.12) Lakhs
  • Cash and Cash Equivalents at period end: ₹757.26 Lakhs (includes book overdraft of ₹160.95 Lakhs)

Material Developments and Uncertainties

Land Lease and Repossession Issues:

The Company's primary land lease agreement for the amusement park expired on February 28, 2023. An application for renewal submitted on October 11, 2022, remains pending with the Department of Tourism, Government of West Bengal.

Additionally, the Department of Tourism repossessed approximately 1.46 acres of land previously used for "F&B and Other Recreational Facilities" effective November 8, 2025. Despite this repossession, the Company continues to manage these operations on behalf of West Bengal Tourism Development Corporation Limited (WBTDCL) without a formal agreement.

Financial Impact of Land Issues:

  • Management and supervision charges recognized as Other Income: ₹7.16 Lakhs (HY Sept 2026)
  • Expenditure incurred on these operations is recovered from WBTDCL on an ongoing basis
  • The ultimate financial impact remains indeterminable pending final resolution with government authorities

Going Concern Uncertainty:

The auditors highlight material uncertainty regarding the Company's ability to continue as a going concern due to the pending lease renewal and land repossession matters. The financial results have been prepared on a going concern basis based on management's assessment that lease renewal is expected.

Labor Code Implementation:

The Government of India notified new Labor Codes effective November 21, 2025. The Company has recognized past service costs of ₹47.02 Lakhs as employee benefit expenses in FY 2025-26, with additional provisions made in the current period. Further adjustments may be required as clarifications emerge.

Board Composition Issue:

The number of directors increased from six to eight with the appointment of two Non-Executive Non-Independent Directors effective July 20, 2026. This resulted in the number of independent directors (three) being below the requisite number under SEBI Regulation 17, representing a pending compliance issue as of the report date.

Investments and Associates

  • Investment in Nicco Engineering Services Limited (NESL): Fair valued at ₹788.81 Lakhs based on unaudited financial information for half-year ended Sept 30, 2026
  • Investment in Nandan Park Limited, Bangladesh: Fair valued at ₹365.83 Lakhs based audited financial statements for year ended June 30, 2025
  • The Company holds 9.16% equity in NESL (previously 31.87% before buyback in June 2025)

Consolidated Results Overview

The consolidated results include the Company's proportionate share of its joint venture, Nicco Jubilee Park Limited:

  • Share of net profit after tax: ₹2.69 Lakhs (Q2 Sept 2026); ₹35.97 Lakhs (HY Sept 2026)
  • Share of total comprehensive income: ₹4.61 Lakhs (Q2 Sept 2026); ₹39.68 Lakhs (HY Sept 2026)
  • The joint venture's financial results were not reviewed by their auditors

Dividend Payment

The Company paid dividends totaling ₹234.00 Lakhs during the half-year ended September 30, 2026.