Westlife Development shares jump 5 pc on 3-fold rise in Q3 profit

New Delhi, Jan 24 () Shares of Westlife Development, the owner of master franchisee of McDonald's restaurants in West and South India, on Friday closed 5 per cent higher after the company reported over three-fold jump in profit for the third quarter.

The scrip jumped 4.72 per cent to close at Rs 441.20 on the BSE. During the day, it climbed 7.3 per cent to Rs 452.40.

On the NSE, it gained 5 per cent to close at Rs 442.35.

The company on Thursday reported over three-fold jump in consolidated net profit after tax at Rs 22.72 crore in the third quarter ended December 2019.

It 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. SUM SHW SHW