Invested (please verify calculations):
We are definitely disappointed.
There is a conference call today, and we hope they have some optimism for us to latch onto.
The company has not excited us for the last few quarters. Of course, there is the expenditure in Chennai and, to a smaller extent, Orissa. Again, we suffered lower footfall and less spending on food. Now, we hear about water problems. Operating profit margin (OPM) is still good but has dropped compared to before.
If the situation is going to be lower footfall at all the old parks, are we looking at chasing a snowball downhill with capital expenditure across the country?
Even the old parks have to remain viable. If not increasing profits, we definitely should not be looking at lowering profits by 25%, especially in our busiest season. Our bread and butter right?
We hope sir has answers for us.
Growth | YonY |
---|---|
Revenue | -6% |
Other Income | -19% |
Expenses | 20% |
PBT | -26% |
PAT | -25% |
EPS | -25% |
OPM | 48% |
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