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Phoenix Mills Ltd Q1FY24; 61% fall in Profits

Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property and hotel business in India. India’s leading retail mall developer and operator with approximately 0.64 million square meters of retail space spread across 9 malls in 6 gateway cities of India. It has developed over 2.11 million square meters

Financial Results:

Phoenix Mills Ltd reported Revenues for Q1FY24 of ₹811.00 Crores up from ₹574.00 Crore year on year, a rise of 41.29%.

Total Expenses for Q1FY24 of ₹477.00 Crores up from ₹375.00 Crores year on year, a rise of 27.2%.

Consolidated Net Profit of ₹291.00 Crores down 61.3% from ₹752.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹13.46, down 66.56% from ₹40.25 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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