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Wonderla Holidays posted weak Q2 earnings.

Net revenues were flattish because of goods and services tax (GST), he said, addng that they hope increase revenues at net level by roughly 20 percent for the year, Arun K Chittilappilly, MD said in an interview with CNBC-TV18.

Margins also should improve, he added.The management is expecting a single-digit footfall decline in its older parks but they are expecting a growth in footfall for Hyderabad because it is a new park.

Speaking about Chennai park, he mentioned that the company has just finished land acquisition and is awaiting approvals to start construction.

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