Nicco Parks reports financial dip, outlines growth plans ahead of AGM

Nicco Parks & Resorts Limited will hold its 36th Annual General Meeting (AGM) on Wednesday, September 24, 2025, at 3:00 P.M. (IST) via video conferencing. Shareholders will consider and adopt the audited financial statements for the fiscal year ended March 31, 2025.

For FY 2024-25, the company reported a standalone Profit Before Tax (PBT) of ₹2,472 lakh, down from ₹2,876 lakh in FY 2023-24. Standalone Profit After Tax (PAT) was ₹1,875 lakh, compared to ₹2,087 lakh in the previous year. Consolidated PAT stood at ₹2,244 lakh. Visitor footfalls declined by 12.74% to 10.68 lakh from 12.24 lakh in the prior year, reflecting a return to pre-COVID operating levels. The company declared four interim dividends totaling 120% (₹1.20 per share) for the year.

Strategic initiatives included new attractions such as "Aqua Drop," "Aqua Curl," "Crazy River," and "Spider Wheel" in FY 22024-25. The company plans to launch a "Steel Rollercoaster" and a "Snow Park" in FY 2025-26. The lease agreement for the land, which expired on February 28, 2023, is pending renewal, with the company optimistic about a favorable outcome.