Phoenix Mills Q3 PAT rises over twofold

Phoenix Mills today reported an over two-fold rise in its consolidated net profit after tax (PAT) for the quarter ended December 31, 2010, at Rs 23.77 crore.

The company had posted a net profit after tax of Rs 10.19 crore in the corresponding period previous year, Phoenix Mills said in a filing to the Bombay Stock Exchange (BSE).

The total income during the third quarter of this fiscal also increased by 49.34 per cent to Rs 45.07 crore from Rs 30.18 crore in the year-ago period, it added.

The shares of the company today closed 0.10 per cent up at Rs 205.80 apiece on the BSE.