Phoenix Mills Q4 net profit zooms 619.65% at Rs 57.50 cr
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The company reported standalone net profit of Rs 57.50 crore for the quarter ended March 31, 2022 as compared to Rs 7.99 crore in the same period last year, registering a year-on-year growth of 619.65 per cent. Net revenue of the company rose substantially by 23.26 per cent at Rs 102.95 crore in January-March quarter of this fiscal as against Rs 83.52 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 28.68 per cent to Rs 38.18 crore from Rs 53.53 crore in year ago period. Other Income grew by 89.71 per cent at Rs 25.82 crore versus (Mar'21 Rs 13.61 crore). Operating Profit surged by 115.97 per cent to Rs 64.77 crore as against Rs 29.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 75.19 per cent in March quarter. Interest grew by 39.84 per cent y-o-y to Rs 17.76 crore, while Taxation decreased by 43.13 per cent at Rs 7.86 crore (Mar'21 Rs 13.82 crore).
