Phoenix Mills has reported results for the fourth quarter and year ended March 31, 2018.
The company has reported a fall of 14.62% in its net profit at Rs 31.41 crore for the quarter ended March 31, 2018 as compared to Rs 36.79 crore for the same quarter in the previous year. However, total income of the company has increased by 8.31% at Rs 109.30 crore for quarter under review as compared to Rs 100.91 crore for the quarter ended March 31, 2017.
On consolidated basis, the company has reported over 3 fold jump in its net profit at Rs 92.58 crore for the quarter ended March 31, 2018 as compared to Rs 26.05 crore for the corresponding quarter in the FY17. However, total income of the company fell by 4.97% at Rs 451.11 crore for quarter under review as compared to Rs 474.72 crore for the same quarter ended previous year.
For the year ended March 31, 2018, the company has posted a rise of 15.93% in its net profit at Rs 154.83 crore as compared to Rs 133.55 crore for the same period in the previous year. Total income of the company increased 4.39% at Rs 449.89 crore for year under review as compared to Rs 430.98 crore for the period ended March 31, 2017.
For the year ended March 31, 2018, on the consolidated basis, the company has posted rise of 44.21% in its net profit at Rs 242.16 crore as compared to Rs 167.92 crore for the same period in the previous year. However, total income of the company has decreased by 10.49% at Rs 1,675.37 crore for year under review as compared to Rs 1871.78 crore for the period ended March 31, 2017.
