Neutral Westlife Development; target of Rs 530: Motilal Oswal
Motilal Oswal is bullish on Westlife Development has recommended buy on the stock with a revised price target (PT) of Rs. 530 in its research report dated February 03, 2022.04-02-2022
04-02-2022
Pandemic or not, I'm bullish on FY23 biz outlook: Westlife's Amit Jatia
In a Q&A, the chief of McDonald's master franchisee, talks about his company's strategy to expand its presence in more towns as it increases its store count03-02-2022
Earnings Call for Q3FY22 of Westlife Development
Conference Call with Westlife Development Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.03-02-2022
Q3FY22 Quarterly Result Announced for Westlife Development Ltd.
Restaurants company Westlife Development declares Q3FY22 result: Revenue jumps 46.7%, EBITDA at Rs 836.2 million and PAT at Rs 208.2 million Newbenchmarks achieved in the quarter: Revenue stood at Rs 4,768.3 million—an increase of 46.7% YoY EBITDA stood at Rs 836.2 million—a growth of 61.0% YoY Restaurant Operating Margin grew by 60.3% to 1,075.9 million Operating EBITDA margin and PAT margin touched an all-time high Clocked a robust PAT of Rs 208.2 million McDelivery clocked its highest ever revenue The company’s Same Store Sales Growth for the quarter stood at 44% YoY Opened 8 new McDonald’s restaurants this quarter taking the total count to 316 The Company recorded a strong quarter with robust performance across all operating metrics, setting new benchmarks for the business. The Company clocked an all-time high revenue of Rs 4768.3 million, a significant 46.7% jump YoY. This was driven by growth across both dine-in and convenience channels that grew by a solid 39% and 55% respectively. The Company’s Same Store Sales Growth for the quarter stood at 44% YoY. Commenting on the financial results for the quarter ended December 31, 2021, Mr. Amit Jatia, ViceChairman of Westlife Development Limited, said, “We are quite pleased with our performance in the quarter. What is especially noteworthy is that this has come in a quarter that continued to see certain COVID-led restrictions. This is a testimony to our robust strategy that is going to hold us in strong stead through the volatilities of the future. We believe that this quarter is a preamble to our next phase of growth. We are excited about to accelerating our growth and reinforcing our leadership in the coming quarters.” Result PDF03-02-2022
WESTLIFE DEVELOPMENT LTD. - 505533 - Board Meeting Outcome for Compliance With Regulations 33 (3) And 30 Of The SEBI (LODR) Regulations, 2015; Submission Of Quarterly Financial Results For The Quarter Ended 31St December, 2021 - Outcome Of Board Meeting Held On 3Rd February, 2022
In compliance with Regulations 33(3) and 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III Part-A, please find enclosed herewith the following: i, Consolidated Operating Performance statement for Q3 FY22. ii. Press Release dated 34 February, 2022. iii, Consolidated unaudited financial results of the Company for the quarter ended 31st December, 2021 together with the limited review report by M/s BSR & Associates LLP, statutory auditors of the Company, as approved by the Board of Directors of the Company in its meeting held on 3" February, 2022. iv. Standalone unaudited financial results of the Company for the quarter ended 31st December, 2021 together with the limited review report by M/s BSR& Associates LLP, statutory auditors of the Company, as approved by the Board of Directors of the Company in its meeting held on 3 February, 2022.03-02-2022
WESTLIFE DEVELOPMENT LTD. - 505533 - Compliance With Regulations 33 (3) And 30 Of The SEBI (LODR) Regulations, 2015; Submission Of Quarterly Financial Results For The Quarter Ended 31St December, 2021 - Board Meeting 3Rd February, 2022
In compliance with Regulations 33(3) and 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III Part-A, please find enclosed herewith the following: i, Consolidated Operating Performance statement for Q3 FY22. ii. Press Release dated 34 February, 2022. iii, Consolidated unaudited financial results of the Company for the quarter ended 31st December, 2021 together with the limited review report by M/s B S R& Associates LLP, statutory auditors of the Company, as approved by the Board of Directors of the Company in its meeting held on 3rd February, 2022. iv. Standalone unaudited financial results of the Company for the quarter ended 31st December, 2021 together with the limited review report by M/s BSR& Associates LLP, statutory auditors of the Company, as approved by the Board of Directors of the Company in its meeting held on 3 February, 2022.03-02-2022
WESTLIFE DEVELOPMENT LTD. - 505533 - Intimation Of Temporary Authorization Of Mr Dattaprasad Tambe, General Manager, Finance And Accounts Of The Company'S Subsidiary And Authority To Determine Materiality Of Events And To Make Disclosures
In compliance with Regulation 30 read with Part A of Schedule III of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulations'), we would like to inform you that subsequent to the separation of the Chief Financial Officer (CFO) from the Company (intimation given by the Company to the BSE on 8th December, 2021), Mr Dattaprasad Tambe, General Manager-Finance and Accounts of the Company's subsidiary, shall be temporarily heading the Finance and Accounts department of the Company and of such subsidiary, and has been so authorized by the Board, at its meeting held on 3rd February, 2022, for various SEBI Listing Regulations, 2015 and Companies Act, 2013 compliance purposes with immediate effect, including signing of documents required to be signed by the CFO, and has also been authorized to determine materiality of events and to make disclosures till the time of the appointment by the Board of Directors of the respective companies of a new CFO .03-02-2022
WESTLIFE DEVELOPMENT LTD. - 505533 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that post intimation of the financial results of the Company for the quarter ended 31st December, 2021 to the BSE Ltd. on 3rd February, 2022 the Company will have on the same day an Earnings Conference call for analysts and investors, and will have Press Interaction to discuss the financial performance for Q3 FY22 on the same day, which would also be disclosed on the Company's website.21-01-2022
WESTLIFE DEVELOPMENT LTD. - 505533 - Shareholding for the Period Ended December 31, 2021
Westlife Development Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2021. For more details, kindly Click here20-01-2022
WESTLIFE DEVELOPMENT LTD. - 505533 - Board Meeting Intimation for To Approve The Unaudited Financial Results Of The Company For The Quarter Ended 31St December, 2021.
WESTLIFE DEVELOPMENT LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2022 ,inter alia, to consider and approve Westlife Development Limited has informed BSE regarding Board Meeting of the Company which is scheduled to be held on Thursday, 3rd February, 2022 titled "Intimation of Board Meeting of the Company".19-01-2022