Prozone Intu's Q1 FY20 Consolidated Revenues up 31.4% to INR 22.3 Crore

/ -- Key Highlights - Q1 FY20 (Y-o-Y)
Consolidated revenue at INR 22.3 crore; up 31.4%
Sale of services grew by 30.9%
Consolidated EBITDA at INR 17.9 crore up by 26.3%
Cash PAT for the quarter at INR 8.3 crore was up 36.1% y-o-y
Strong operating performance: Leasing of 92% at Coimbatore Mall

Footfall increased by 127% at Coimbatore Mall & 25% at Aurangabad Mall on YoY basis
Stores opened during Q1 - 8 at Aurangabad Mall, 2 stores and 3 kiosks opened at Coimbatore Mall
Commenting on its performance, Nikhil Chaturvedi, Managing Director, Prozone Intu said, "FY2020 has started on a good note with an excellent performance by our retail assets. Backed by robust performance of Prozone's retail portfolio, we reported a strong topline growth of 31.4% and turned PAT positive. Cash PAT in first quarter is up by 36.1% year-on-year. Our retail assets continue to attract marque brands which are looking to penetrate the emerging tier 1 cities like Coimbatore and Aurangabad; thus improving occupancy levels across our malls."

Business Highlights
Average monthly trading density at Coimbatore Mall was up by 21.7%.; at Aurangabad Mall was up 10%
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