*Westlife Development Ltd.* | *CMP* Rs. 571 | *M Cap* Rs. 8892 Cr | *52 W H/L* 684/360
(Nirmal Bang Retail Research)
SSG came at 84% vs expectation of 94%, QoQ 182.6%, YoY -45.6%
*Result is marginally below expectations*
Revenue from Operations came at Rs. 385.3 Cr (48.7% QoQ, 83.9% YoY) vs expectation of Rs. 363.6 Cr, QoQ Rs. 259.2 Cr, YoY Rs. 209.5 Cr
EBIDTA came at Rs. 45.6 Cr (1719% QoQ, 1015.4% YoY) vs expectation of Rs. 49.6 Cr, QoQ Rs. 2.5 Cr, YoY Rs. 4.1 Cr
EBITDA Margin came at 11.8% vs expectation of 13.6%, QoQ 1%, YoY 2%
Adj. PAT came at Rs. -4.4 Cr vs expectation of Rs. 5.7 Cr, QoQ Rs. -33.4 Cr, YoY Rs. -32.5 Cr
Quarter EPS is Rs. -0.3
Share is trading at P/E of 108.8x FY23E EPS