Westlife Development jumps 7 percent on remarkable Q2 numbers
Nidhi Jani / 06 Nov 2017
McDelivery has seen a significant jump in this quarter. Also, tie-ups with aggregators like Zomato and Swiggy and payment partners like Paytm and Freecharge have been positive for the customers as well as the bottom line.
Westlife Development Limited, the owner of the Master Franchisee of McDonald’s restaurants in west and south India, announced its financial results for the quarter ended September 30, 2017.
Total sales for Q2FY18, came in at Rs. 264.66 crore. This represents a 0.9 per cent sequential increase and 12.8 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 2.4 crore and the EBIT margin stood at 0.9 per cent. It reported PAT of Rs. 2.06 crore in Q2FY18 versus a net profit of Rs. 0.22 crore in its preceding quarter.
McDelivery has seen a significant jump in this quarter. Also, tie-ups with aggregators like Zomato and Swiggy and payment partners like Paytm and Freecharge have been positive for the customers as well as the bottom line.
Today, the stock of Westlife Development opened at Rs. 253.70 and touched an intra-day high and low of Rs. 274.40 and Rs. 247, respectively on the BSE.
Westlife Development Limited focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL). The company operates a chain of McDonald’s restaurants in west and south India, having a master franchisee relationship with McDonald’s Corporation USA, through the latter’s Indian subsidiary.
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