Imagicaaworld Entertainment Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2026. Revenue from operations grew 15% YoY to ₹218 crore in H1 FY27, driven by robust footfall growth. The company also highlighted key updates including the approval for the divestment of its Novotel Imagicaa hotel and the acquisition of a majority stake in Shanku’s Water Park.
Imagicaa World Reports H1 FY27 Financials
Imagicaaworld Entertainment Limited (BSE: 539056; NSE: IMAGICAA) has announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The company reported a significant increase in revenue, underscoring its operational performance and strategic initiatives.
Consolidated Performance Highlights
In the first half of fiscal year 2027 (H1 FY27), Revenue from Operations saw a substantial 15% Year-over-Year (YoY) growth, reaching ₹218 crore, compared to ₹190 crore in H1 FY26. This growth is attributed to robust footfall increases, supported by an extended summer season and consistent demand across its parks.
Furthermore, EBITDA experienced a 14% YoY increase, rising to ₹72.3 crore from ₹63.5 crore in the corresponding period of the previous year. The EBITDA margin remained strong at 33% for H1 FY27.
Operational Performance and Key Updates
Operationally, Imagicaa World witnessed a 16.5% YoY growth in footfalls, with 13.65 lakh visitors in H1 FY27 compared to 11.71 lakh in H1 FY26. Average Revenue Per User (ARPU) saw a modest 3.2% increase to ₹1,420. Overall revenue for the period grew by 14.7%.
Key Updates:
- Novotel Divestment Status: The Board has approved the proposed divestment of its 287-key Novotel Imagicaa hotel at Khopoli to Juniper Hotels Limited for INR 248 crore. This move is expected to strengthen the company’s balance sheet and sharpen its focus on the core entertainment business.
- Bennett Coleman Deal: The Board has approved the issue of warrants for equity shares worth ₹16.25 crore to Bennett Coleman & Co Ltd (BCCL) as part of a marketing deal. These funds will be used to enhance brand visibility through advertising and marketing activities.
- Acquisition of Shanku’s Water Park: During the quarter, the company invested ₹50 crore to acquire a 50.002% share in Mehsana Next Parks Pvt. Ltd., which operates ‘Shanku’s Water Park’ in Mehsana, Gujarat. Imagicaa World will now manage the full operations of this park and plans expansion to make it an all-weather destination.
Management Commentary
Jai Malpani, Managing Director, commented on the performance, stating, “We continue to build on a strong foundation and a steadfast focus on delivering memorable experiences and enhancing guest satisfaction across locations. While Q2 is seasonally softer for the parks industry, our park revenues were up by 10% in Q2 FY27 despite 6% lower footfalls due to the high impact rains in the catchment in July-August.” He also highlighted progress on expansion initiatives like Hello Park Hyderabad and the commitment to enhancing guest engagement and building a scalable platform for sustainable long-term growth.
Source: BSE
