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Westlife Development Ltd posts Rs. 0.11 crore consolidated PAT in Q3FY21

Posted On: 2021-01-21 01:53:25 (Time Zone: Arizona, USA)


WESTLIFE DEVELOPMENT LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.333.24 crores during the period ended December 31, 2020 as compared to Rs.224.11 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.0.11 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(32.54) crores for the period ended September 30, 2020.

The company has reported EPS of Rs.0.01 for the period ended December 31, 2020 as compared to Rs.(2.09) for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 333.24 crs₹ 224.11 crsUp Tick 48.69%
Net Profit₹ 0.11 crs₹ (32.54) crsUp Tick 100.34%
EPS₹ 0.01₹ (2.09)Up Tick 100.48%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.333.24 crores during the period ended December 31, 2020 as compared to Rs.437.52 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.0.11 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.14.37 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.01 for the period ended December 31, 2020 as compared to Rs.0.92 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 333.24 crs₹ 437.52 crsDown Tick -23.83%
Net Profit₹ 0.11 crs₹ 14.37 crsDown Tick -99.23%
EPS₹ 0.01₹ 0.92Down Tick -98.91%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.669.45 crores during the 9 months period ended December 31, 2020 as compared to Rs.1222.75 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.(92.96) crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.17.92 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.(5.97) for the 9 months period ended December 31, 2020 as compared to Rs.1.14 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 669.45 crs₹ 1222.75 crsDown Tick -45.25%
Net Profit₹ (92.96) crs₹ 17.92 crsDown Tick -618.75%
EPS₹ (5.97)₹1.14Down Tick -623.68%

Westlife Development's strong sales performance in the quarter was driven by the Company' s omni-channel strategy. The Company started its recovery journey in October when its biggest market - Maharashtra finally opened up for dine-in. It saw the momentum build-up rapidly through November, buoyed by the festive cheer. In December, despite substantial regulatory restrictions in several of its markets, the Company saw a phenomenal uptake in sales with revenues coming back to 97% pre-COVID levels. Dine-in recovered 75-80%, even with night curfews and the 50% capacity constraint. McCafé recovered over 80% vis a vis pre-COVID levels. At the same time, sales from convenience channels accelerated to 120% of pre-COVID levels in the month, again notwithstanding the night curfews in some of its key markets.

Commenting on the financial results for the quarter ended December 31, 2020, Mr. Amit Jatia, Vice-Chairman of Westlife Development Limited, said, "At Westlife, we believe that in every adversity, lies an opportunity. So, we took the pandemic as an opportunity to pivot our business, accelerate our omni-channel strategy, create new revenue channels and re-engineer cost frameworks. This helped us create a business that is even more robust and future-proof. With this heartening recovery, we believe that the worst is behind us. We look forward to reclaiming our growth path and re-start our march towards our Vision 2022."

Shares of WESTLIFE DEVELOPMENT LTD. was last trading in BSE at Rs.474 as compared to the previous close of Rs. 470.1. The total number of shares traded during the day was 2239 in over 256 trades.

The stock hit an intraday high of Rs. 475 and intraday low of 466.85. The net turnover during the day was Rs. 1054404.


Source: Equity Bulls

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