The Phoenix Mills said that its total consumption stood at approximately Rs 2,818 crore in Q4 FY24, registering a growth of 27% year on year (YoY).
Gross retail collections jumped 37% YoY to around Rs 791 crore in the quarter ended 31 March 2024.
During FY24, total consumption grew 22% to Rs 11,327 crore, and gross retail collections rose 27% to Rs 2,743 crore compared to the previous year.
Furthermore, on a like-to-like basis, consumption in the fourth quarter and FY24 grew by 9% YoY and 8% YoY, respectively.
Phoenix Mills is engaged in the development and leasing of commercial and retail space. Its consolidated net profit jumped 58.4% to Rs 279.36 crore on 44.2% to Rs 986.09 crore in Q3 FY24 over Q3 FY23.
The scrip declined 1.05% to Rs 2,997.65 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app