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Hot Pursuit News

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(20 May 2024, 16:31)

Phoenix Mills Q4 PAT climbs 32% YoY to Rs 388 cr

The Phoenix Mills' consolidated net profit jumped 32.60% to Rs 388.79 crore in Q4 FY24 as compared with Rs 293.19 crore in Q4 FY23.


Income from operations stood at Rs 1,305.94 crore, registering a growth of 79.13% on YoY basis.

Profit before tax increased 42.55% YoY to Rs 488.64 crore during the period under review.

Operating EBITDA jumped 46% to Rs 627 crore in Q4 FY24 from Rs 431 crore in Q4 FY23. EBITDA margin slipped marginally to 48% in Q4 FY24 as against 59% in Q4 FY23.

During the March quarter, collection from retail operations stood at Rs 791 crore, up 37% over Q4 FY23.

Total consumption in Q4 FY24 stood at Rs 2,833 crore, demonstrating a growth of 28% on YoY basis.

On a like-to-like basis consumption in Q4 FY24 has grown by 10% over Q4 FY23. Gross retail collections stood at approximately Rs 791 crore in Q4 FY24, with a growth of 37% over Q4 FY23.

On a full year basis, the net prof...

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