Wonderla Holidays

The companies said business continues to show an excellent rebound after two years of adverse Covid-19 impact and an overall improvement in the health of operations

The management said the significant boost in the number of visitors was due to the increase in domestic tourism, walk-in customers and the revival of student excursion trips

The company reported profit after tax of Rs 64.38 crore in Q1FY23 as against Rs 8.51 crore in Q4FY22 and net loss of Rs 13.25 crore in Q1FY22.

Wonderla Resort in Bangalore reopened its business from 5th July 2021, with 50 per cent capacity as a crowd control measure

The stock surged 9% to Rs 424 on BSE in early morning deal was trading close to its record high of Rs 430 touched on December 23, 2015.

Srinivasan is founder of TVS Capital Funds, which nurtures mid-cap firms; Lakshminarayanan has 10 years in FMCG

Wonderla is looking at starting one park in every three years

Also lines up additional Rs 500 cr investment for Chennai theme park as well as upgradation of existing Bangalore and Kochi facilities