Latest news with #ImagicaaworldEntertainment
Business Standard
17-06-2025
- Business
- Business Standard
Imagicaaworld Entertainment incorporates WOS, Imagicaa Next
Imagicaaworld Entertainment announced that it has incorporated a wholly owned subsidiary (WOS), Imagicaa Next, on 16 June 2025. The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation on the same day. Imagicaa Next will operate in the recreation and entertainment sector, offering services including entertainment, edu-tainment, phygital activities, and indoor entertainment. The subsidiary was incorporated with an initial paid-up share capital of Rs 1,00,000, consisting of 10,000 equity shares of Rs 10 each, fully subscribed in cash. With this, Imagicaaworld Entertainment becomes the holding company of Imagicaa Next. Imagicaaworld Entertainment owns and operates India's leading theme and water parks, including Imagicaa, WetnJoy, SaiTeerth, and Aqua Imagicaa at various locations. The companys consolidated net profit jumped 44.9% to Rs 15.16 crore on a 66.7% rise in revenue from operations to Rs 94.40 crore in Q4 FY25 over Q4 FY24. The counter rose 0.95% to Rs 70.14 on the BSE.
Business Standard
06-06-2025
- Business
- Business Standard
Imagicaaworld ENT inks Rs 275 cr facility agreement with HDFC Bank for park business acquisition
Imagicaaworld Entertainment said that it has entered into a facility agreement with HDFC Bank for Rs 275 crore to fund the acquisition of its Park Business Undertaking from Giriraj Enterprises. The acquisition includes Wetn Joy Amusement Park and Water Park in Lonavala, as well as the Wetn Joy Water Park and Saiteerth Devotional Theme Park in Shirdi. The transaction is being executed under the business transfer agreement signed between Imagicaaworld and Giriraj Enterprises. As part of the crore loan facility, HDFC Bank has secured certain rights under the agreement with Imagicaaworld Entertainment. In the event of a default, the lender will have the right to appoint a nominee director to the companys board. Additionally, any changes to the company's capital structure will require prior approval from the bank. The sanction letter for the facility was issued on 29 July 2024, and the loan agreement was executed on 5 June 5, 2025. As per the terms of the facility, the loan is secured by a first pari passu charge on the immovable and movable assets owned by the company, including land, plant, and machinery (excluding assets acquired from Giriraj Enterprises). Additionally, the facility is backed by an exclusive charge on the immovable and movable assets under the park business undertaking acquired from Giriraj Enterprises through a business transfer agreement. The loan is also secured by a charge on the cash flows of the company and supported by personal guarantees from the following directors. Imagicaaworld Entertainment owns and operates India's leading theme and water parks, including Imagicaa, WetnJoy, SaiTeerth, and Aqua Imagicaa at various locations. The companys consolidated net profit jumped 44.9% to Rs 15.16 crore on 66.7% rise in revenue from operations to Rs 94.40 crore in Q4 FY25 over Q4 FY24. Shares of Imagicaaworld Entertainment rose 0.45% to Rs 72.01 on the BSE.
Business Standard
29-05-2025
- Business
- Business Standard
Imagicaaworld Entertainment consolidated net profit rises 217.78% in the March 2025 quarter
Sales rise 66.70% to Rs 94.40 crore Net profit of Imagicaaworld Entertainment rose 217.78% to Rs 15.73 crore in the quarter ended March 2025 as against Rs 4.95 crore during the previous quarter ended March 2024. Sales rose 66.70% to Rs 94.40 crore in the quarter ended March 2025 as against Rs 56.63 crore during the previous quarter ended March 2024. For the full year,net profit declined 85.74% to Rs 77.17 crore in the year ended March 2025 as against Rs 541.12 crore during the previous year ended March 2024. Sales rose 52.38% to Rs 410.22 crore in the year ended March 2025 as against Rs 269.20 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 94.4056.63 67 410.22269.20 52 OPM % 42.8630.43 - 42.7739.20 - PBDT 38.6521.01 84 173.93113.54 53 PBT 15.665.47 186 84.8434.24 148 NP 15.734.95 218 77.17541.12 -86
