The Phoenix Mills Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 09:07 am EST
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The Phoenix Mills Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 10,204.84 million compared to INR 7,185.7 million a year ago. Net income was INR 2,793.56 million compared to INR 1,763.68 million a year ago. Basic earnings per share from continuing operations was INR 15.66 compared to INR 9.87 a year ago. Diluted earnings per share from continuing operations was INR 15.66 compared to INR 9.86 a year ago.
For the nine months, revenue was INR 27,667.27 million compared to INR 19,999.13 million a year ago. Net income was INR 7,724.79 million compared to INR 10,808.79 million a year ago. Basic earnings per share from continuing operations was INR 43.27 compared to INR 29.35 a year ago. Diluted earnings per share from continuing operations was INR 43.26 compared to INR 29.33 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.