Shares of Phoenix Mills are up nearly 60 percent this year.
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Revenue for the quarter jumped 75 percent to Rs 651.1 crore compared to the corresponding period a year ago.
The company’s EBITDA or Operating profit also doubled from last year to Rs 381 crore, compared to Rs 186 crore. Margin increased 8 percentage points to 58 percent from 50 percent.
Even when compared to pre-Covid levels, the company's revenue is up 57 percent while net profit is up 245 percent.
EBITDA from Retail business in the September quarter increased 129 percent compared to previous two-year period while the company saw a 121 percent growth in retail rental income compared to the same quarter in pre-pandemic period.
Shares of Phoenix Mills opened at a 52-week high of Rs 1,624 but gave up gains to currently trade 0.3 percent higher at Rs 1,550.