Nicco Parks & Resorts Q1 Results Revenue Decline to ₹2,474.34 Lakhs and Net Profit of ₹878.50 Lakhs

Nicco Parks & Resorts Q1 Results 2024-2025: Nicco Parks & Resorts reported their Q1 results for the fiscal year 2024-2025 on 9 August 2024, showcasing a mixed performance with a year-over-year (YoY) revenue decline of 7.55%.

The company's revenue from operations for the quarter ending 30 June 2024 was Rs. 2,474.34 lakhs, compared to Rs. 2,676.77 lakhs in the same period last year. Despite this YoY decrease, the company observed a sequential quarter-over-quarter (QoQ) improvement of 35.03% from the preceding quarter's revenue of Rs. 1,832.35 lakhs.

The YoY decline in revenue was attributed to increased operational costs and fluctuating market conditions. However, on a positive note, the company's profit before tax saw a substantial QoQ rise of 82.74%, reaching Rs. 1,196.22 lakhs from Rs. 654.56 lakhs in the previous quarter.

The net profit for the quarter stood at Rs. 878.50 lakhs, reflecting a 47.37% YoY decrease but a notable QoQ recovery. The improved profitability metrics indicate that despite the YoY revenue challenges, the company is managing costs effectively and positioning itself for future growth.

For More Q1 results check our Twitter Page.

Nicco Parks & Resorts Q1 Results 2024-2025

Here's an overview of Nicco Parks & Resorts's Q1 results for the fiscal year 2024-2025. The company’s performance reflects a combination of challenges and improvements compared to previous periods.

Source: Click Here

Nicco Parks & Resorts Current Market Overview

Nicco Parks & Resorts is currently trading at ₹148 per share, with a market value of ₹693 crore. The stock has recently decreased by 2.47%, and its price has ranged between ₹176 and ₹130. The company has a Price-to-Earnings (P/E) ratio of 37.8, indicating how much investors are willing to pay for each rupee of earnings.

The Book Value per share is ₹15.6, and the company offers a dividend yield of 0.67%. Nicco Parks & Resorts has strong financial performance with a Return on Capital Employed (ROCE) of 43.2% and a Return on Equity (ROE) of 31.3%. The face value of the stock is ₹1.00.

Q1 Results

The following table presents the key financial metrics for Nicco Parks & Resorts for the quarters ending December 2023, March 2024, and June 2024. It highlights their sales, expenses, operating profit, and net profit, providing an overview of their recent financial performance.

About Nicco Parks & Resorts

Nicco Parks & Resorts, established in 1989, is a leading company in the theme-based entertainment industry. Based in Kolkata, it operates Eastern India’s first theme park and offers a variety of attractions, including amusement parks, water parks, and family-friendly rides.

The company is known for its collaboration with Nicco Corporation and the Government of West Bengal, and it benefits from technical advice provided by Blackpool Leisure and Amusement Consultancy from the UK. Nicco Parks & Resorts not only runs entertainment facilities but also provides technical consultancy and supplies rides for amusement parks in India and abroad.

Check our website for more Q1 results.