Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 79.13 % in the past year, substantial increase in net sales/revenue by 32.44 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 61.4 %. Marginal increase in other income during this quarter, up by 13.35%.
- Profit over the Year and quarter: Significant improvement in profitability for The Phoenix Mills Ltd.,. Notable increase of 33.98 % in net profit Year to Year, The Phoenix Mills Ltd.,’s profitability increased by 13.55 % in this quarter.
- EPS over the Year and quarter: EPS increased by 27.13 % Year to Year. EPS increased by 15.52 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 729.036 Cr | Rs. 986.087 Cr | Rs. 1305.949 Cr | + 32.44 % | + 79.13 % |
| Expenses | Rs. 298.35 Cr | Rs. 434.27 Cr | Rs. 679.23 Cr | + 56.41 % | + 127.66 % |
| Operating Profit | Rs. 430.69 Cr | Rs. 551.82 Cr | Rs. 626.72 Cr | + 13.57 % | + 45.52 % |
| OPM % | 59.08 % | 55.96 % | 47.99 % | -7.97 % | -11.09 % |
| Other Income | Rs. 24.77 Cr | Rs. 35.27 Cr | Rs. 39.98 Cr | + 13.35 % | + 61.4 % |
| Interest | Rs. 97.09 Cr | Rs. 104.19 Cr | Rs. 99.55 Cr | -4.45 % | + 2.53 % |
| Depreciation | Rs. 64.96 Cr | Rs. 65.61 Cr | Rs. 75.72 Cr | + 15.41 % | + 16.56 % |
| Profit before tax | Rs. 293.41 Cr | Rs. 417.29 Cr | Rs. 491.43 Cr | + 17.77 % | + 67.49 % |
| Tax % | 14.46 % | 17.39 % | 20.43 % | + 3.04 % | + 5.97 % |
| Net Profit | Rs. 292.26 Cr | Rs. 344.86 Cr | Rs. 391.58 Cr | + 13.55 % | + 33.98 % |
| EPS in Rs | Rs. 14.23 | Rs. 15.66 | Rs. 18.09 | + 15.52 % | + 27.13 % |
Today, we’re looking at The Phoenix Mills Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 79.13 %. However, it did see a marginal increase of 32.44 % from the previous quarter. Expenses ticked up slightly by 56.41 % quarter-on-quarter, aligning with the annual rise of 127.66 %. Operating profit, while up 45.52 % compared to last year, faced a quarter-on-quarter increase of 13.57 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -11.09 %, but a shrinkage of -7.97 % sequentially. Other income rose by 13.35 % compared to the last quarter, despite an annual growth of 61.4 %. Interest expenses dropped significantly by -4.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 2.53 %. Depreciation costs climbed by 15.41 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.56 %. Profit before tax grew annually by 67.49 % but saw an increase from the preceding quarter by 17.77 %.
Tax expenses as a percentage of profits increased slightly by 5.97 % compared to last year, with a more notable quarter-on-quarter increase of 3.04 %. Net profit rose by 33.98 % year-on-year but experienced a 13.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 27.13 % but a quarterly rise of 15.52 %. In summary, The Phoenix Mills Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 729.036 Cr | Rs. 986.087 Cr | Rs. 1305.949 Cr | + 32.44 % | + 79.13 % |
| Expenses | Rs. 298.35 Cr | Rs. 434.27 Cr | Rs. 679.23 Cr | + 56.41 % | + 127.66 % |
| Operating Profit | Rs. 430.69 Cr | Rs. 551.82 Cr | Rs. 626.72 Cr | + 13.57 % | + 45.52 % |
| Net Profit | Rs. 292.26 Cr | Rs. 344.86 Cr | Rs. 391.58 Cr | + 13.55 % | + 33.98 % |
| EPS in Rs | Rs. 14.23 | Rs. 15.66 | Rs. 18.09 | + 15.52 % | + 27.13 % |
In reviewing The Phoenix Mills Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 79.13 % year-on-year growth, however, there was a minor increase of 32.44 % from the previous quarter. Expenses rose by 127.66 % compared to the previous year, with a 56.41 % increase quarter-on-quarter. Operating Profit surged by 45.52 % annually, and saw a 13.57 % increase from the last quarter.
Net Profit showed yearly increase of 33.98 %, and experienced a 13.55 % increase from the previous quarter. Earnings Per Share (EPS) rose by 27.13 % annually, however rose by 15.52 % compared to the last quarter. In essence, while The Phoenix Mills Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
