Imagicaaworld Entertainment reported steady Q3FY26 revenue of ₹92.1 crore. Footfalls grew by 6%, driven by the school segment, despite weather challenges. The company is expanding into new entertainment formats, including a religious park and indoor playgrounds, and is exploring ventures in Gujarat. The company aims to reduce seasonality and broaden its appeal.
Q3 Financial Highlights
Imagicaaworld Entertainment Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2026. Key highlights include:
- Revenue remained steady at ₹92.1 crore, compared to ₹91.8 crore in the previous year.
- Footfalls reached 6.74 lakh, representing a 6% growth for the quarter. This growth was primarily driven by strong performance in the school segment.
- Average Revenue Per User (ARPU) saw a 4% dip, primarily due to the increased share of the school segment, which typically has a lower ARPU.
- The hotel segment experienced a slight slowdown after two strong quarters. Occupancy decreased by 2.5%, and revenue dropped by 6%, primarily due to fewer MICE events.
Strategic Initiatives and Expansions
Imagicaaworld is actively pursuing strategic initiatives to expand its entertainment offerings and geographic reach:
- The company has entered into discussions to evaluate a potential joint venture in Gujarat with Keshav Holiday Resort Private Limited, known as “Shanku’s Water Park.”
- IEL received Environmental Clearance for the Sabarmati Riverfront Project.
- Imagicaa Next Private Limited (INPL), a wholly-owned subsidiary, has partnered with Hello Park to introduce India’s first immersive digital-physical playground experience.
Management Commentary
Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, commented on the company’s performance, stating, “We delivered a steady performance across our parks during the quarter, despite it being seasonally softer due to winter conditions. Our continued focus on improving our customer experience, better ARPUs and strengthening non-ticketing revenues remains a key priority.”
Diversifying Entertainment Formats
Imagicaaworld is evolving from a single-format park operator into a diversified player in the industry. The company is expanding into new formats, including a religious park, an upcoming entertainment destination in Ahmedabad, and indoor entertainment through Hello Park.
Source: BSE
