The Phoenix Mills Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
February 10, 2020 at 08:10 pm IST
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The Phoenix Mills Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 5,250.649 million compared to INR 4,574.059 million a year ago. Net income was INR 918.511 million compared to INR 708.311 million a year ago. Basic earnings per share was INR 5.99 compared to INR 4.62 a year ago. Diluted earnings per share was INR 5.97 compared to INR 4.61 a year ago. For the nine months, total revenue was INR 15,900.062 million compared to INR 13,105.642 million a year ago. Net income was INR 2,880.368 million compared to INR 1,926.074 million a year ago. Basic earnings per share was INR 18.78 compared to INR 12.57 a year ago. Diluted earnings per share was INR 18.73 compared to INR 12.53 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.