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Q3FY19: Phoenix Mills revenue up 6 per cent, margins stable

Pratik Shastri
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Q3FY19: Phoenix Mills revenue up 6 per cent, margins stable

Phoenix Mills Limited reported results for the quarter ended December 31, 2018 after market hours on Thursday. The company's consolidated numbers were stable for the operational front. 
Phoenix Mills' consolidated revenue for Q3FY19 came in at Rs. 440.43 crore as compared to Rs. 416.61 crore for Q3FY18, registering 5.7 per cent yoy increase. This was primarily driven by volume growth from its core business of property segment. Property-related business registered 7 per cent growth in revenues. EBITDA for the quarter rose by 7.6 per cent yoy to Rs. 222.47 crore with a corresponding margin expansion of 89 bps. EBITDA margin for the quarter stood at 50.5 per cent. The PAT for the quarter came in at Rs. 77.99 crore, yoy increase of 32.6 per cent. Net profit for the quarter was Rs. 17 crore which is higher than Rs. 10.59 crore for the same quarter last year. The PAT margin stood at 17.70 per cent. 

On Friday, February 8, the stock opened 3 per cent higher to touch intraday high of Rs. 589.50 on BSE. At 10.20 am, the stock traded at Rs. 585 per share, while the BSE Sensex was 200 points down at 36,771.

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