Imagicaaworld Entertainment Q2 FY27: Revenue Up 15% to ₹218 Cr, Divests Novotel for ₹248 Cr
Imagicaaworld Entertainment's H1 FY27 revenue grew 15% YoY to ₹218 Crs. The company approved divesting Novotel Imagicaa for ₹248 Crs and issued warrants worth ₹16.25 Crs to BCCL. It also acquired a 50.002% stake in Shanku’s Water Park for ₹50 Crs. Hello Park Hyderabad is set to launch soon.
The financial performance shows significant growth, and the divestment of a hotel property and acquisition of a new water park are major strategic moves that will substantially impact the company's financial health and business operations.
The company reported strong YoY growth in revenue and EBITDA, along with strategic divestments and acquisitions aimed at strengthening its core business and expanding its portfolio. The management's commentary also reflects a positive outlook.
Imagicaaworld Entertainment Limited (IEL) announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a 15% year-on-year growth in consolidated revenue from operations for H1 FY27, reaching ₹218 Crs compared to ₹190 Crs in H1 FY26. This growth was attributed to robust footfall increases supported by an extended summer season and healthy demand across its parks. EBITDA also saw a 14% YoY increase, rising to ₹72.3 Crs from ₹63.5 Crs, with EBITDA margins maintained at 33% in H1 FY27.
Operationally, H1 FY27 saw footfalls grow by 16.5% to 13.65 Lakhs, while Average Revenue Per User (ARPU) saw a modest increase of 3.2% to ₹1,420. The company also provided key updates on strategic initiatives. The Board has approved the divestment of its 287-key Novotel Imagicaa hotel at Khopoli to Juniper Hotels Limited for ₹248 Crs. This move aims to strengthen the company's balance sheet and sharpen its focus on the core entertainment business.
Furthermore, the Board approved the issuance of warrants worth ₹16.25 Crs to Bennett Coleman & Co Ltd (BCCL) as part of a marketing deal to enhance brand visibility. In a significant operational expansion, IEL invested ₹50 Crs to acquire a 50.002% stake in Mehsana Next Parks Pvt. Ltd., which operates Shanku’s Water Park in Gujarat. The company plans to expand this park into an all-weather destination.
Jai Malpani, Managing Director, commented on the performance, highlighting a 10% increase in park revenues for Q2 FY27 despite a 6% dip in footfalls due to heavy rains. He expressed confidence in Q3 FY27 performance and mentioned the upcoming launch of Hello Park Hyderabad, which is expected to further strengthen the company's presence in the family entertainment segment. IEL remains committed to enhancing guest engagement and building a scalable platform for sustainable long-term growth.
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Imagicaaworld Entertainment Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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