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The Phoenix Mills reports over 2-fold jump in Q3 consolidated net profit

08 Feb 2023 Evaluate

The Phoenix Mills has reported results for third quarter ended December 31, 2022. (Q3FY23)

The company has reported fall of 12.84% in its net profit at Rs 54.33 crore for Q3FY23 as compared to Rs 62.33 crore for the corresponding quarter previous year. However, total income of the company increased by 32.68% to Rs 131.54 crore for the quarter under review as compared to Rs 99.15 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 212.40 crore for Q3FY23 as compared to Rs 102.26 crore for the same quarter in the previous year. However, total income of the company increased by 60.75% to Rs 718.57 crore for the quarter under review as compared to Rs 447.01 crore for the same quarter in the previous year.

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