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Westlife Stock climb 6-pc on strong rise in Q3 profit

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One of the quickest growing players in India’s quick-service restaurant (QSR) sector, Westlife Development Limited (WDL) on Friday climbed over 6 percent in share price after the company reported a more three-fold surge in profit for Q3FY20.

The Stock climbed near 7 percent intraday to Rs.453- apiece on the NSE. On the BSE, it advanced over 6.50 percent to Rs452.40

The company on Thursday posted a spectacular jump in consolidated net PAT at Rs22.72-Cr in the third quarter ended Dec 2019. In comparison, the company reported a consolidated net profit of Rs6.92-Cr in the year-ago quarter. Total revenue during the Q3 scaled at Rs.432.93-crore vis-a-vis Rs370.66-cr in the corresponding period last year, up by 16.8-pc, the company stated in a regulatory filing.  Avail the  Best stock trading tips and the top stock market updates from our website.

At 1.44-pm, Shares of Westlife Development is trading at Rs.441.70, up by Rs.20.65 or 4.90 percent from its previous closing of Rs.421.05 on the NSE. Same time, the benchmark Sensex scaled at 41598.88, up by 212 points and the Nifty stood at 12248.40, up by 68 points.