Phoenix Mills Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- Phoenix Mills Ltd reported a 5.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 1.5%.
- Its expenses for the quarter were up by 4.4% QoQ and 0.4% YoY.
- The net profit increased 20.7% QoQ and increased 2.3% YoY.
- The earnings per share (EPS) of Phoenix Mills Ltd stood at 7.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1005.53 | 955.06 | 1020.48 | 5.3% | -1.5% |
Total Expenses | 606.45 | 580.92 | 604.08 | 4.4% | 0.4% |
Profit Before Tax | 415.05 | 374.15 | 416.41 | 10.9% | -0.3% |
Tax | 64.12 | 83.50 | 72.42 | -23.2% | -11.5% |
Profit After Tax | 352.76 | 292.16 | 344.86 | 20.7% | 2.3% |
Earnings Per Share | 7.40 | 8.20 | 15.70 | -9.8% | -52.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Phoenix Mills Ltd is a prominent player in the retail and real estate sector in India. The company specializes in the development and management of large retail malls and commercial spaces. Phoenix Mills has established itself as a leader in the Indian real estate market, focusing on premium shopping and entertainment complexes. The company has expanded its presence in major cities across India, delivering high-quality retail and entertainment experiences. Recent developments have seen Phoenix Mills strengthening its portfolio through strategic acquisitions and partnerships, enhancing its position in the competitive retail and real estate industry.
Revenue
In Q3FY25, Phoenix Mills Ltd reported a total income of ₹1005.53 crores, showing a quarter-over-quarter (QoQ) growth of 5.3% compared to ₹955.06 crores in Q2FY25. However, on a year-over-year (YoY) basis, the total income decreased by 1.5% from ₹1020.48 crores in Q3FY24. The increase in total income on a quarterly basis suggests an upward trend in revenue generation, despite the slight decline when compared to the same quarter of the previous fiscal year.
Profitability
The company achieved a profit before tax of ₹415.05 crores in Q3FY25, representing a 10.9% increase QoQ from ₹374.15 crores in Q2FY25. However, this is marginally lower than the ₹416.41 crores recorded in Q3FY24, reflecting a YoY decrease of 0.3%. The tax outlay in Q3FY25 was ₹64.12 crores, down by 23.2% from the previous quarter and by 11.5% from the same quarter last year. Consequently, the profit after tax for Q3FY25 stood at ₹352.76 crores, marking a significant QoQ increase of 20.7% and a YoY rise of 2.3%. Despite the fluctuations in tax expenses, the company maintained robust profitability in the quarter under review.
Operating Metrics
Phoenix Mills Ltd reported an earnings per share (EPS) of ₹7.40 in Q3FY25, which decreased by 9.8% QoQ from ₹8.20 in Q2FY25 and by 52.9% YoY from ₹15.70 in Q3FY24. The decline in EPS reflects changes in the company's profit dynamics and share count. Total expenses for the quarter were ₹606.45 crores, which is a 4.4% QoQ increase from ₹580.92 crores in the previous quarter and a slight YoY rise of 0.4% from ₹604.08 crores in Q3FY24. These figures indicate careful management of operating expenses, aligning with the company's strategic objectives to optimize operational efficiency.
