The Phoenix Mills Limited Reports Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018
May 08, 2018 at 10:21 am EDT
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The Phoenix Mills Limited reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, on standalone basis, the company reported net sales /income from operations of INR 1,044.385 million compared to INR 919.168 million a year ago. Profit before exceptional items and profit from ordinary activities before tax were INR 406.859 million compared to INR 444.762 million a year ago. Net profit after tax for the period from continuing operations was INR 314.091 million or INR 2.05 per basic and diluted share compared to INR 367.907 million or INR 2.39 per diluted share a year ago.
For the year, on standalone basis, the company reported net sales /income from operations of INR 3,972.111 million compared to INR 3,759.048 million a year ago. Profit before exceptional items was INR 1,901.133 million compared to INR 1,975.352 million a year ago. Profit from ordinary activities before tax was INR 1,901.133 million compared to INR 1,625.352 million a year ago. Net profit after tax for the period from continuing operations was INR 1,548.322 million or INR 10.09 per diluted share compared to INR 1,335.477 million or INR 8.71 per diluted share a year ago.
For the quarter, on consolidated basis, the company reported net sales /income from operations of INR 4,366.118 million compared to INR 4,544.031 million a year ago. Profit before exceptional items and profit from ordinary activities before tax were INR 957.392 million compared to INR 689.954 million a year ago. Net profit after tax for the period from continuing operations was INR 950.657 million compared to INR 512.300 million a year ago. Net profit attributable to owners of the company was INR 925.756 million or INR 6.03 per diluted share compared to INR 260.531 million or INR 1.70 per basic and diluted share a year ago. EBITDA was INR 2,161 million.
For the year, on consolidated basis, the company reported net sales /income from operations of INR 16,197.514 million compared to INR 18,246.070 million a year ago. Profit before exceptional items and profit from ordinary activities before tax were INR 2,871.175 million compared to INR 2,757.715 million a year ago. Net profit after tax for the period from continuing operations was INR 2,113.216 million compared to INR 1,900.139 million a year ago. Net profit attributable to owners of the company was INR 2,421.606 million or INR 15.77 per diluted share compared to INR 1,679.213 million or INR 10.97 per basic and diluted share a year ago. EBITDA was INR 7,774 million.
The Phoenix Mills Limited is an India-based real estate development company. The Company is engaged in the development and leasing of commercial and retail space. The Company operates through two segments: Property and related services and Hospitality. The Property and related services segment are engaged in providing mall /office areas on license basis and development of commercial / residential properties. The Hospitality segment is engaged in the operation of hotels and restaurants. Its retail projects include Phoenix Palladium, Mumbai; Phoenix Marketcity, Pune; Phoenix Mall of the Millennium, Pune and Palladium, Chennai. Its commercial projects include Art Guild House, Mumbai; The Centrium, Mumbai; Fountainhead Tower 1, Pune; Fountainhead Tower 2, Pune; Fountainhead Tower 3, Pune and Phoenix House, Mumbai. Its hospitality projects include The St. Regis, Mumbai and Courtyard by Marriott, Agra. Its residential projects include One Bangalore West and Kessaku, Bangalore.