Imagicaaworld Entertainment announced the launch of a new marquee attraction - `You are the Star` at Wet`n Joy Amusement Park in Lonavala, which is now part of the listed entity starting FY 24-25. This is the first of many attractions which the Company has planned across the recently integrated Wet`n Joy and Sai Teerth parks. This attraction is part of the Rs. 25 Crores capex done by Giriraj Enterprise before the acquisition of park by Imagicaaworld Entertainment. Going forward, multiple attractions of this nature are in the pipeline to be added which are expected to incrementally increase footfalls in these locations.Powered by Capital Market - Live News

Imagicaaworld Entertainment announced the much awaited expansion of Imagicaa Water Park in Khopoli. This expansion which has been in the works for a while, would elevate the overall customer experience with opening of Six New & Thrilling Water Rides - -Thunder Bay (Marquee Ride) - ExhilaraƟng, Four-person tube slide, First of its kind in India- Crusader (Marquee Ride) - AcƟon-packed, Two-person tube slide - Twin Twister - ExciƟng, One-person body slide- Blizzard - Adventurous, Two-Person tube slide- Crazy Fall - Thrilling, One-person body slide- Storm Surge - Intense, One-person body slideThis expansion will raise the water park`s daily footfall capacity by ~30%, enabling the Company to accommodate a larger audience on peak days and meet the growing demand for immersive leisure activities. The addition of new rides to the water park will inject a fresh sense of excitement and novelty into the park, perfectly aimed to coincide with the summer season.The total capital expenditure for the addition of these rides amounted to ~Rs 12 crore, reaffirming Imagicaaworld Entertainment`s continuous investment in enhancing its attractions and facilities.Powered by Capital Market - Live News

Imagicaaworld Entertainment announced execution of definitive agreements for acquisition of 4 high quality parks operated by Malpani Group owned entity (Giriraj Enterprises) namely WetNJoy & Sai Teerth Parks into its existing portfolio. This was pursuant to minority shareholders voting emphatically in favour of the transactions during the recent Extraordinary General Meeting held on 18 March 2024. The underlying parks include: (A) WetNJoy Water Park and (B) WetNJoy Amusement Park, both located at Lonavala, Maharashtra, along with (C) Saiteerth Devotional Theme Park and (D) WetNJoy Water Park, situated at Shirdi, Maharashtra. Effective 01 April 2024, all revenues generated by these parks will flow directly to Imagicaaworld Entertainment, translating to a significant enhancement of overall financials. This strategic integration marks a pivotal moment for the Company as it broadens its reach and offerings in the leisure and hospitality market. With this integration, the Company`s total portfolio now includes 7 operational parks and 1 Five star hotel. The overall revenues are projected to increase by 1.5x and EBITDA by 2x, indicating the immense value creation ahead. Furthermore, resultant to this expansion, footfalls are expected to double, effectuating the company`s commitment to offer exceptional entertainment experiences across various catchments. Powered by Capital Market - Live News

Imagicaaworld Entertainment announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 March 2024 .Powered by Capital Market - Live News

Net profit of Imagicaaworld Entertainment declined 38.20% to Rs 4.32 crore in the quarter ended December 2023 as against Rs 6.99 crore during the previous quarter ended December 2022. Sales declined 6.18% to Rs 67.56 crore in the quarter ended December 2023 as against Rs 72.01 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales67.5672.01 -6 OPM %37.2640.52 - PBDT30.8029.88 3 PBT12.726.99 82 NP4.326.99 -38 Powered by Capital Market - Live News