Moneycontrol Be a Pro
Get App
Last Updated : Feb 05, 2018 03:04 PM IST | Source: PTI

Westlife Development posts Q3 net profit at Rs 7.75 cr

The company had posted a net loss of 1.71 crore during the same period of the previous fiscal, Westlife Development said in a regulatory filing.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Westlife Development Ltd, which owns the master franchisee of McDonald's outlets in west and south India, today reported a net profit of Rs 7.75 crore for the quarter ended December 2017.

The company had posted a net loss of 1.71 crore during the same period of the previous fiscal, Westlife Development said in a regulatory filing.

Net sales during the quarter under review grew 27.6 per cent to Rs 303.71 crore as against Rs 238.03 crore in the year ago period.

Close

The company said the numbers mark the tenth straight quarter of positive same store sales growth with margins expanding by over 280 basis points.

"The company has delivered record numbers in the October –December quarter with double digit comparable sales growth of 20.7 per cent, the highest in the QSR industry," Westlife Development Ltd Vice-Chairman Amit Jatia said.

Cash profit of the company during the quarter rose 82.1 per cent year-on-year to Rs 27.02 crore as against Rs 14.84 crore.

Westlife Development Ltd, through its subsidiary Hardcastle Restaurants Pvt Ltd (HRPL), operates 271 (as of December 31, 2017) McDonald's restaurants across 37 cities in the west and south regions.

The company's stock was trading 5.06 per cent up at Rs 348.95 apiece on BSE today.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Feb 5, 2018 03:01 pm
Loading...
Sections
Follow us on
Available On