The Phoenix Mills Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 14, 2018 at 08:45 am EST
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The Phoenix Mills Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 1,001.416 million compared to INR 999.553 million a year ago. Profit before exceptional items was INR 371.229 million compared to INR 354.436 million a year ago. Profit from ordinary activities before tax was INR 371.229 million compared to INR 4.436 million a year ago. Net profit after tax for the period from continuing operations of INR 291.675 million compared to INR 56.717 million a year ago. Basic and diluted earnings per share were INR 1.90 compared to INR 0.37 a year ago.
For the nine months, on a standalone basis, the company reported net sales/income from operations of INR 2,927.726 million compared to INR 2,839.880 million a year ago. Profit before exceptional items was INR 1,494.274 million compared to INR 1,530.588 million a year ago. Profit from ordinary activities before tax was INR 1,494.274 million compared to INR 1,180.588 million a year ago. Net profit after tax for the period from continuing operations of INR 1,234.231 million compared to INR 967.569 million a year ago. Diluted earnings per share were INR 8.04 compared to INR 6.32 a year ago.
For the quarter, on a consolidated basis, company reported net sales/income from operations of INR 4,166.092 million compared to INR 4,366.899 million a year ago. Profit before exceptional items was INR 806.100 million compared to INR 683.613 million a year ago. Profit from ordinary activities before tax was INR 806.100 million compared to INR 683.613 million a year ago. Net profit after tax for the period from continuing operations was INR 588.208 million compared to INR 629.519 million a year ago. Diluted earnings per share were INR 4.25 compared to INR 2.91 a year ago. Net profit attributable to owners of the company was INR 652.461 million compared to INR 445.413 million a year ago. EBITDA at INR 2,067 million.
For the nine months, on a consolidated basis, company reported net sales/income from operations of INR 11,831.396 million compared to INR 13,702.038 million a year ago. Profit before exceptional items was INR 1,913.783 million compared to INR 2,067.760 million a year ago. Profit from ordinary activities before tax was INR 1,913.783 million compared to INR 2,067.760 million a year ago. Net profit after tax for the period from continuing operations was INR 1,162.560 million compared to INR 1,387.837 million a year ago. Diluted earnings per share were INR 9.75 compared to INR 9.27 a year ago. Net profit attributable to owners of the company was INR 1,495.852 million compared to INR 1,418.680 million a year ago. EBITDA at INR 5,612 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.