The Phoenix Mills Limited (BOM: 503100)

The Phoenix Mills Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Other Revenue	40,356	38,991	26,012	14,835	10,082	18,432
Total Revenue	40,356	38,991	26,012	14,835	10,082	18,432
Revenue Growth (YoY	30.24%	49.90%	75.34%	47.14%	-45.30%	-2.29%
Property Expenses	5,945	6,413	2,651	1,701	1,330	2,761
Selling, General & Administrative	1,972	1,755	1,244	537.53	375.49	900.76
Depreciation & Amortization	2,964	2,702	2,278	1,859	2,094	2,076
Other Operating Expenses	10,048	8,859	6,843	5,227	3,301	5,025
Total Operating Expenses	20,928	19,728	13,016	9,324	7,101	10,764
Operating Income	19,428	19,263	12,996	5,511	2,982	7,668
Interest Expense	-4,099	-3,959	-3,412	-2,923	-3,461	-3,441
Interest & Investment Income	510.74	510.74	488.03	375.99	546.46	452.28
Income (Loss) on Equity Investments	64.35	64.25	50.64	201.91	138.14	325.66
Currency Exchange Gain (Loss)	3.08	3.08	-16.63	-5.49	-	-6.22
Other Non-Operating Income	221.81	74.14	22.97	11.87	17.27	90.52
EBT Excluding Unusual Items	16,128	15,957	10,129	3,172	222.84	5,090
Gain (Loss) on Sale of Investments	670.93	670.93	578.64	315.74	78.04	-2.5
Gain (Loss) on Sale of Assets	-56.09	-56.09	5.74	-0.98	176.18	-58.96
Asset Writedown	-	-78.12	-	-4.37	-46.42	-
Other Unusual Items	-5.1	-	6,052	-	-	77.66
Pretax Income	16,738	16,493	16,765	3,483	430.63	5,106
Income Tax Expense	3,305	3,166	1,989	800.62	-46.8	1,221
Earnings From Continuing Operations	13,433	13,327	14,776	2,682	477.43	3,885
Minority Interest in Earnings	-2,866	-2,335	-1,426	-308.5	98.89	-537.67
Net Income	10,567	10,992	13,350	2,374	576.32	3,347
Net Income to Common	10,567	10,992	13,350	2,374	576.32	3,347
Net Income Growth	14.42%	-17.66%	462.43%	311.85%	-82.78%	-20.49%
Basic Shares Outstanding	313	358	357	357	342	307
Diluted Shares Outstanding	313	358	357	357	342	308
Shares Change (YoY)	-12.41%	0.27%	0.13%	4.25%	11.32%	0.05%
EPS (Basic)	33.76	30.68	37.38	6.66	1.69	10.91
EPS (Diluted)	33.74	30.66	37.35	6.65	1.68	10.88
EPS Growth	30.55%	-17.94%	461.73%	294.66%	-84.52%	-20.55%
Dividend Per Share	-	2.500	2.500	1.200	0.500	-
Dividend Growth	-	0%	108.33%	140.00%	-	-
Operating Margin	48.14%	49.40%	49.96%	37.15%	29.57%	41.60%
Profit Margin	26.19%	28.19%	51.32%	16.00%	5.72%	18.16%
Free Cash Flow Margin	50.81%	55.44%	52.13%	52.62%	42.84%	40.07%
EBITDA	22,381	21,955	15,267	7,359	5,069	9,736
EBITDA Margin	55.46%	56.31%	58.69%	49.60%	50.28%	52.82%
D&A For Ebitda	2,953	2,691	2,272	1,848	2,087	2,067
EBIT	19,428	19,263	12,996	5,511	2,982	7,668
EBIT Margin	48.14%	49.40%	49.96%	37.15%	29.57%	41.60%
Effective Tax Rate	19.75%	19.20%	11.87%	22.99%	-	23.91%
Revenue as Reported	42,611	41,099	27,546	15,579	11,373	19,996

Source: S&P Capital IQ. Real Estate template. Financial Sources.