Westlife Development Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 6721.90 Crore) operating in Tourism & Hospitality sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 333.25 Crore, up 48.69 % from last quarter Total Income of Rs 224.12 Crore and down -23.83 % from last year same quarter Total Income of Rs 437.52 Crore. Company reported net profit after tax of Rs .11 Crore in latest quarter.
Investment Rationale
While the current scenario poses short-term pain, the attractive structural opportunity for WLDL remains intact. The brokerage had indicated the caution on WLDL in initiating coverage note in Dec’20 – due to near-term uncertainties and delayed recovery in the dine-in channel.
Promoter/FII Holdings
Promoters held 59.1 per cent stake in the company as of Dec 31, 2020, while FIIs held 9.6 per cent, DIIs 20.4 per cent and public and others 10.9 per cent.
