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Phoenix Mills Q4 net profit up 18.37% at Rs 37.18 cr 15/05/2019 19:20

The company reported standalone net profit of Rs 37.18 crore for the quarter ended March 31, 2019 as compared to Rs 31.41 crore in the same period last year, registering a year-on-year growth of 18.37 per cent.

Net revenue of the company rose by 5.69 per cent at Rs 110.38 crore in January-March quarter of this fiscal as against Rs 104.44 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 10.44 per cent to Rs 44.23 crore from Rs 40.05 crore in year ago period.

Other Income grew by 138.89 per cent at Rs 11.61 crore versus (Mar'18 Rs 4.86 crore).

Operating Profit surged by 2.73 per cent to Rs 66.15 crore as against Rs 64.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.79 per cent in March quarter.

Interest grew by 8.49 per cent y-o-y to Rs 19.04 crore, while Taxation increased by 9.38 per cent at Rs 10.15 crore (Mar'18 Rs 9.28 crore).

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