Westlife Development Q2 Results Live : Westlife Development declared its Q2 results on October 24, 2024, revealing a slight increase in revenue of 0.53% year-over-year, while profit plunged by an alarming 98.4%. The company reported a growth of 0.27% in revenue compared to the previous quarter, but profit saw a dramatic decline of 89.01%.
The financial report highlights a significant rise in Selling, General & Administrative expenses, which increased by 5.21% quarter-over-quarter and 9.32% year-over-year. This rise in expenses could be a contributing factor to the stark decline in profitability.
Operating income experienced a staggering drop, down by 864.21% quarter-over-quarter and decreased by 121.41% year-over-year, further indicating challenges in the company’s operational efficiency.
The Earnings Per Share (EPS) for Q2 stood at ₹0.02, marking a decrease of 98.58% year-over-year. This figure reflects the severe impact of the declining profit margins on shareholder returns.
In terms of stock performance, Westlife Development has delivered an -8.1% return over the last week, -2.48% return over the last six months, and a -1.77% year-to-date return. These figures suggest a troubling trend for investors.
As of October 25, 2024, Westlife Development has a market capitalization of ₹12,471.28 Cr, with a 52-week high of ₹957 and a low of ₹708.95. The stock’s volatility is evident from these figures.
Out of 20 analysts covering Westlife Development, 7 have issued a Sell rating, 4 a Hold rating, 5 a Buy rating, and 4 a Strong Buy rating. The consensus recommendation as of October 25, 2024, stands at Hold, reflecting cautious sentiment among market experts.
Westlife Development Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 618 | 616.33 | +0.27% | 614.73 | +0.53% |
| Selling/ General/ Admin Expenses Total | 90.76 | 86.26 | +5.21% | 83.02 | +9.32% |
| Depreciation/ Amortization | 50.21 | 49.38 | +1.67% | 43.94 | +14.28% |
| Total Operating Expense | 623.77 | 616.93 | +1.11% | 587.82 | +6.12% |
| Operating Income | -5.76 | -0.6 | -864.21% | 26.91 | -121.41% |
| Net Income Before Taxes | 0.7 | 4.52 | -84.4% | 30.21 | -97.67% |
| Net Income | 0.36 | 3.25 | -89.01% | 22.37 | -98.4% |
| Diluted Normalized EPS | 0.02 | 0.21 | -90.48% | 1.41 | -98.58% |
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