The Phoenix Mills Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
May 27, 2021 at 10:49 pm IST
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The Phoenix Mills Limited announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was INR 4,354.322 million compared to INR 4,096.314 million a year ago. Net income was INR 655.027 million compared to INR 466.943 million a year ago. Basic earnings per share from continuing operations was INR 3.99 compared to INR 3.04 a year ago. Diluted earnings per share from continuing operations was INR 3.98 compared to INR 3.04 a year ago. For the full year, total revenue was INR 11,655.783 million compared to INR 19,996.376 million a year ago. Net income was INR 526.078 million compared to INR 3,347.311 million a year ago. Basic earnings per share from continuing operations was INR 3.2 compared to INR 21.82 a year ago. Diluted earnings per share from continuing operations was INR 3.19 compared to INR 21.77 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.