Shopping for Success: Phoenix Mills’ Q4 Profit Up 34%, Dividend Payout Sweetens the Deal

Phoenix Mills Ltd. has declared its financial results for the quarter ending in March , showing a consolidated net profit of ₹2.69 billion, which represents a 18% decrease year on year. The company's net sales totaled ₹10.16 billion for the quarter, a decline of 22% compared to the previous year, although both profit and revenue came in below analyst estimates. Despite facing headwinds in the quarter, the company's Board has resolved to recommend a final dividend of ₹2.50 per share for the financial year, ending on March 31, 2025.

 

Total costs in the quarter dropped by 25% to ₹6.41 billion and finance costs decreased only by 5.5% to ₹941.2 million. Despite the costs, the company still has positive analyst opinions on average, with 12 buy recommendations, 5 hold ratings, and 1 sell call.

 

The dividend decision illustrates the company's commitment to returning capital to shareholders despite dry earnings. The Board's dividend recommendation will be voted on by shareholders at the next annual general meeting.

 

Source: Smartkarma, NDTV Profit, TradingView