Phoenix Mills Q4 Results: Profit Rises 34%, Beats Estimates

Phoenix Mills Ltd.'s net profit rose 34% for the fourth quarter of fiscal 2024, beating analysts' estimates.

The company's net profit increased to Rs 392 crore in the January-March period, as compared with Rs 292 crore over the same period last year. Analysts polled by Bloomberg had estimated a profit of Rs 246.2 crore for the quarter.

The company's revenue was up 79.1% at Rs 1,306 crore, as against the Rs 900.2 crore consensus estimate of analysts tracked by Bloomberg.

• Revenue up 79.1% to Rs 1,306 crore versus Rs 729 crore (Bloomberg estimate: Rs 900 crore).

• Ebitda up 45.5% to Rs 627 crore versus Rs 431 crore (Bloomberg estimate: Rs 520 crore).

• Margin narrowed to 48% versus 59% (Bloomberg estimate: 57.7%).

• Net profit up 34% to Rs 392 crore versus Rs 292 crore (Bloomberg estimate: Rs 246.2 crore).

The board recommended a final dividend of Rs 5 per share.

Shares of Phoenix Mills were up 1.76% at Rs 3,036.3 apiece on Friday, as compared with a 0.34% advance in the benchmark Sensex.