News Details

( As on 31/07/2024 20:00)

Phoenix Mills Q1 net profit jumps 87.57% at Rs 96.00 cr

The company reported standalone net profit of Rs 96.00 crore for the quarter ended June 30, 2024 as compared to Rs 51.18 crore in the same period last year, registering a year-on-year growth of 87.57 per cent.

Net revenue of the company rose by 0.31 per cent at Rs 118.23 crore in April-June quarter of this fiscal as against Rs 117.87 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 15.47 per cent to Rs 41.20 crore from Rs 35.68 crore in year ago period.

Other Income grew by 2.03 per cent at Rs 6.04 crore versus (Jun'23 Rs 5.92 crore).

Operating Profit slipped by 6.28 per cent to Rs 77.03 crore as against Rs 82.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.57 per cent in June quarter.

Interest grew by 1.88 per cent y-o-y to Rs 16.77 crore, while Taxation decreased by 24.23 per cent at Rs 9.54 crore (Jun'23 Rs 12.59 crore).