Westlife Development Q3 PAT jumps over 3-fold at Rs 22.72 cr
The company had posted a consolidated net profit of Rs 6.92 crore in the year-ago quarter, Westlife Development said in a regulatory filing.
Total revenue during the third quarter stood at Rs 432.93 crore as compared to Rs 370.66 crore in the same period last fiscal, up 16.8 per cent, it added.
Commenting on the financial performance, Westlife Development Vice-Chairman Amit Jatia, said, "Our strategy centered on customer experience, digitisation and maximising efficiencies is gaining momentum and delivering consistent results."
Through McCafe, McDelivery and McBreakfast, the company has created more occasions to drive increased brand usage across all days-parts, he added.
"This has helped us stay the course of our growth despite a challenging economic environment, slower-than-expected GDP growth and tepid consumer sentiment," Jatia said.