Westlife Development zooms 18% on strong Q3 operational performance

The company reported a same-store sales (SSSG) growth of 9.2 per cent, over a high SSSG of 14.5 per cent reported during the same quarter last year.

Shares of Westlife Development moved higher by 18 per cent to Rs 452 on the BSE on Thursday after the company reported a strong operational performance in the October-December quarter of financial year 2019-20 (Q3FY20). The company is the owner of the master franchisee of McDonald's restaurants in West and South India.

The stock is trading close to its 52-week high level of Rs 454 hit on March 15, 2019. It hit an all-time high of Rs 464 in May 2018.

The company’s EBITDA (earnings before interest, tax, depreciation, and amortization) rose 47.5 per cent year on year (YoY) at Rs 52