Q1 FY22 noticed the impression of the second wave, because the Park operations have been closed from 5 th April 2021 in accordance with the State Authorities tips of “Break the Chain”. On account of this second section of lockdown and restrictions, the Resort enterprise was additionally impacted. Consequently, mixed revenues of Rs. 1.95 Crs have been reported in Q1 FY22.
Nevertheless, the corporate was capable of scale back its working bills (excluding. curiosity and depreciation) by ~40% from Rs. 12.7 Crs in Q1 FY21 to Rs. 7.5 Crs in Q1 FY22. This value discount was a results of the continued value rationalization initiatives taken by the administration.
As Maharashtra was hit by the second wave, the State imposed lockdown II, resulting in closure of park operations from fifth Apr 2021 and have stay closed for the rest of Q1 FY22.. Throughout FY 21, the park enterprise was inoperational for almost 9 months. The Resort continued to be operated consistent with Maharashtra state authorities tips, with given restrictions and with most capability of fifty%. Trade Associations corresponding to IAAPI and RAI have made representations to the State Authorities for re-opening amusement parks.