Westlife Development: Poor bottomline performance in Q3FY17
Bhagyashree Vivarekar / 03 Feb 2017
In terms of the bottomline, the company reported a net loss of Rs 1.71 crore as compared to the net loss of Rs 3.3 crore in Q2FY17.
Westlife Development Ltd. reported its results for the quarter ended December 31, 2016 today.
The company's total sales for Q3FY17 were Rs.241.75 crore, which represent a 3.18 per cent sequential increase and 14.62 per cent YoY increase.
Its operating loss (EBIT) for the quarter was Rs. 1.98 crore and its EBIT margin was negative at -0.82 per cent.
In terms of the bottomline, the company reported a net loss of Rs 1.71 crore as compared to the net loss of Rs 3.3 crore in Q2FY17.
The company's stock opened at Rs 236.65 on the BSE, and fell 3.7 per cent after the results were declared. It is currently trading around Rs 222.9.
Westlife Development Ltd is an Indian non-banking finance company (NBFC) engaged in the business of investment and lending activities. The company is also engaged in real estate development and other related activities, including hotel and tourism.
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