Accounting does not show real profits, you will need to build your own unit economics and cashflows per park normalized. I did the same in Narayana Hrudalaya and found out it was so cheap in 2018.
You also know that they assemble most of park rides and then buy cheap rides from abroad to save cost. No one in India can do this.
They are also one of the biggest restaurants/fast food businesses with 2 to 3 M customers eating every year.
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