The Phoenix Mills Ltd’s net profit tanks 82% to Rs 48 cr for Q4FY20

New Delhi: Realty player The Phoenix Mills Ltd’s consolidated net profit tanked 82 percent to Rs 48 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 273 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 45 percent to Rs 399 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 723 crore in the corresponding quarter of the previous fiscal.

The consolidated EBITDA of the company fell 46 percent at Rs 204 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 377 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit of the company fell 20 percent to Rs 334 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 421 crore in the previous fiscal.

The company’s consolidated revenues from operations fell marginally to Rs 1,941 crore for the entire fiscal 2019-20 as compared to Rs 1,981 crore in the previous fiscal.

The consolidated EBITDA of the company fell 3 percent at Rs 967 crore in the 2019-20 fiscal as compared to Rs 993 crore in the previous fiscal.

The consolidated total expenses of the company fell to Rs 333 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 480 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company fell to Rs 1,529 crore in the 2019-20 fiscal as compared to Rs 1,543 crore in the previous fiscal, the company said in a regulatory filing.

 

 

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