Brands
Imagicaa coasts to profit ride despite dip in visitor-driven revenue
MUMBAI: It’s been a rollercoaster quarter for Imagicaaworld Entertainment and not just in the parks. The theme park and hospitality operator posted a net profit of Rs 4,431.21 lakh for the quarter ended 30 June 2025, more than doubling sequentially from Rs 1,572.83 lakh in Q4 FY25, even as revenues dipped year-on-year.
Revenue from operations stood at Rs 14,809.80 lakh, down 19.6 per cent from Rs 18,398.37 lakh in the same quarter last year, but up sharply from Rs 9,440.41 lakh in the preceding quarter. The Parks Division remained the star attraction, contributing Rs 13,104.08 lakh in revenue and Rs 4,250.13 lakh in segment profit. The Hotel Division added Rs 1,705.72 lakh in revenue and Rs 443.88 lakh in profit.
Finance costs jumped to Rs 426.49 lakh from just Rs 39.30 lakh a year ago, while depreciation and amortisation expense rose to Rs 2,566.38 lakh. Advertisement, sales and marketing spend more than doubled quarter-on-quarter to Rs 1,492.96 lakh, signalling a push to draw in visitors.
Total expenses came in at Rs 10,542.38 lakh, leaving a profit before tax of Rs 4,497.54 lakh, a drop from Rs 8,808.22 lakh in Q1 FY25, but a hefty rebound from Rs 1,624.76 lakh in Q4 FY25.
On the balance sheet, total assets stood at Rs 1,85,260.83 lakh, with the Parks Division accounting for the lion’s share. Capital employed reached Rs 1,29,805.42 lakh, up from Rs 1,08,271.28 lakh a year earlier.
While visitor-driven revenues took a dip compared to last year, Imagicaa’s ability to bounce back quarter-on-quarter suggests it’s strapping in for a steady ride through FY26 with the Parks Division firmly in the front seat.
Brands
FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
