News Details
Category : Company
Headline : Phoenix Mills Q4 net profit down 45.83% at Rs 20.14 cr
Date: 30/06/2020 09:20
The company reported standalone net profit of Rs 20.14 crore for the quarter ended March 31, 2020 as compared to Rs 37.18 crore in the same period last year, registering a year-on-year decline of 45.83 per cent.

Net revenue of the company declined moderately by 11.02 per cent at Rs 98.22 crore in January-March quarter of this fiscal as against Rs 110.38 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 5.34 per cent to Rs 41.87 crore from Rs 44.23 crore in year ago period.

Other Income dipped by 68.13 per cent at Rs 3.70 crore versus (Mar'19 Rs 11.61 crore).

Operating Profit slipped by 14.83 per cent to Rs 56.34 crore as against Rs 66.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.27 per cent in March quarter.

Interest grew by 0.37 per cent y-o-y to Rs 19.11 crore, while Taxation decreased by 36.35 per cent at Rs 6.46 crore (Mar'19 Rs 10.15 crore).