Westlife Development dips 6% to hit 52-week low on disappointing Q1 results

The company's consolidated net profit more-than-halved in Q1FY20 to Rs 5.77 crore from Rs 11.6 crore in a year ago quarter.

Shares of Westlife Development slipped 6 per cent intra-day to trade at Rs 272 apiece, also its 52-week low, on the BSE on Friday after the company’s consolidated net profit more-than-halved in Q1FY20 to Rs 5.77 crore from Rs 11.6 crore in the same period in the previous fiscal.
 

The company's total revenue during the quarter grew 12 per cent at Rs 382 crore on year-on-year basis while Earnings before interest, tax, depreciation and amortization (ebitda) margins contracted 180 bps at 8.57 per cent from 10.37 per cent.

The company, which owns Hardcastle Restaurants Pvt Ltd (HRPL) -- the master