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Phoenix Mills reports 49% rise in Q2 consolidated net profit

Phoenix Mills reports 49% rise in Q2 consolidated net profit

Phoenix Mills has reported results for second quarter ended September 30, 2018.

The company has reported a rise of 11.73% in its net profit at Rs 70.47 crore for the quarter under review as compared to Rs 63.07 crore for the same quarter in the previous year. Total income from operation of the company increased by 14.10% at Rs 151.44 crore for Q2FY19 as compared Rs 132.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 48.59% in its net profit at Rs 62.05 crore for the quarter under review as compared to Rs 41.76 crore for the same quarter in the previous year. Total income from operation of the company increased by 9.72% at Rs 423.00 crore for Q2FY19 as compared Rs 385.53 crore for the corresponding quarter previous year.