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Leisure activities company Imagicaaworld Entertainment announced Q1FY24 results:
- In Q1FY24, Total Operating Revenue reached to Rs 104.7 crore vs Rs 92.4 crore in Q1FY23, a growth of 13.3%. While Footfall grew by 12.7% and ARPU grew by 1.4% vs Q1FY23.
- Hotel reported a good quarter with Revenue of Rs 14.4 crore in Q1FY24 vs Rs 13.8 crore in Q1FY23. Hotel ARR in Q1FY24 was Rs 10,301 with an occupancy of 53.4%.
- Due to the strong business performance and prudent cost control measures, the company has been able to report its best quarterly EBITDA, crossing Rs 50 crore for the first time as compared to Rs 42.2 crore in Q1FY23. The EBITDA margin of 52%, is 630 bps higher than Q1FY23.
- The company also reported a PBT positive (before exceptional items) of Rs 33.0 crore in Q1FY24 and a PAT of Rs 24.7 (before exceptional items).
Jai Malpani, Managing Director, Imagicaaworld Entertainment, said, “We are happy to announce Q1FY24 results, continuing good overall performance. Our expansion initiatives for Imagicaa Khopoli continue to be on track and we are likely to achieve commissioning in the second half of FY24 and are looking forward to maintaining good performance for the rest of the year.”
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