Shares of Westlife Development were trading 1.23% higher at Rs 585.35 on BSE.
Westlife Development focuses on setting up and operating quick service restaurants (QSR) in India through its subsidiary Hardcastle Restaurants (HRPL). The company operates a chain of McDonald's restaurants in West and South India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.
On a consolidated basis, the company reported a net loss of Rs 4.42 crore in Q2 FY22 as compared to a net loss of Rs 32.54 crore posted in Q2 FY21. Net sales rose 84% to Rs 380.75 crore in Q2 FY22 over Q2 FY21.