Westlife Development builds after decent Q2 outcome
25 - Oct - 2019 12:00 AM | 17 days ago
The result was announced after market hours yesterday, 24 October 2019.
Meanwhile the S&P BSE Sensex was trading 0.04% higher at 39,035.57.
Consolidated EBITDA rose 30.9% to Rs 43.32 crore in Q2 September 2019 as against Rs 33.11 crore in Q2 September 2018. The company's adjusted restaurant operating margin also rose 32.8% to Rs 62.92 crore in Q2 2019 as compared to Rs 47.39 crore in Q2 2018.
Westlife Development (WDL) indirectly owns the master franchisee of McDonald's in West and South India. WDL reported a healthy Same Store Sales Growth (SSSG) of 7%, over a high SSSG of 25.7% same quarter last year. Same store sales means the revenue from outlets that have been open for at least a year.
On the BSE, 35,000 shares were traded in the counter so far compared with average daily volumes of 4388 shares in the past two weeks. The stock has hit a 52-week high of Rs 454.45 on 15 March 2019 and a 52-week low of Rs 257.2 on 31 July 2019.
McDonald's opened 5 new restaurants in Q2, taking the final total to 304 restaurants across 42 cities.
Westlife Development consolidated net profit rises 14.99% in the September 2019 quarter
25 - Oct - 2019 12:00 AM | 17 days ago
Net profit of Westlife Development rose 14.99% to Rs 4.68 crore in the quarter ended September 2019 as against Rs 4.07 crore during the previous quarter ended September 2018. Sales rose 14.24% to Rs 394.87 crore in the quarter ended September 2019 as against Rs 345.66 crore during the previous quarter ended September 2018.
Subsidiary Co. Hardcastle Restaurants grants Intimation on exercise of options
22 - Oct - 2019 12:00 AM | 20 days ago
It was announced that certain options granted by the Company pursuant to Westlife Development Limited Employee Stock Option Scheme 2013 have been exercised by certain employees of Hardcastle Restaurants Private Limited (the subsidiary Company). The details of exercised options are as follows: > Options exercised: 1200 options> Money realized by exercise of options : Rs 120000/-> The total number of shares arising as a result of exercise of option : 1200 shares
