The Phoenix Mills Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 10:34 pm IST
Share
The Phoenix Mills Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported income from operations of INR 693.4 million against INR 577.2 million a year ago. EBITDA was INR 473.9 million against INR 373.3 million a year ago. EBITDA margin was 68.3% compared to 64.7% a year ago. Profit before tax was INR 461.1 million against INR 355.4 million a year ago. Profit after tax was INR 341.4 million compared to INR 269.0 million a year ago. Earnings per share were INR 2.4 compared to INR 1.86 a year ago.
For the nine months, the company reported income from operations of INR 1,983.9 million against INR 1,659.5 million a year ago. EBITDA was INR 1,306.5 million against INR 1,037.3 million a year ago. EBITDA margin was 65.9% compared to 62.5% a year ago. Profit before tax was INR 1,327.4 million against INR 1,041.3 million a year ago. Profit after tax was INR 977.6 million compared to INR 780.2 million a year ago. Earnings per share was INR 6.7 compared to INR 5.4 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.