The Phoenix Mills Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 09:52 am EST
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The Phoenix Mills Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was INR 9,066.44 million compared to INR 6,834.99 million a year ago. Net income was INR 2,526.2 million compared to INR 1,858.12 million a year ago. Basic earnings per share from continuing operations was INR 14.15 compared to INR 10.4 a year ago. Diluted earnings per share from continuing operations was INR 14.15 compared to INR 10.39 a year ago.
For the six months, revenue was INR 17,462.43 million compared to INR 12,813.43 million a year ago. Net income was INR 4,931.23 million compared to INR 9,045.11 million a year ago. Basic earnings per share from continuing operations was INR 27.61 compared to INR 50.66 a year ago. Diluted earnings per share from continuing operations was INR 27.6 compared to INR 50.62 a year ago.
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.