Phoenix Mills announced that the Board of Directors of the Company at its meeting held on 15 May 2019, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Net profit of Phoenix Mills rose 146.18% to Rs 228.41 crore in the quarter ended March 2019 as against Rs 92.78 crore during the previous quarter ended March 2018. Sales rose 65.61% to Rs 723.23 crore in the quarter ended March 2019 as against Rs 436.71 crore during the previous quarter ended March 2018.

For the full year,net profit rose 73.72% to Rs 421.02 crore in the year ended March 2019 as against Rs 242.36 crore during the previous year ended March 2018. Sales rose 22.33% to Rs 1981.56 crore in the year ended March 2019 as against Rs 1619.85 crore during the previous year ended March 2018.

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Phoenix Mills Ltd rose 2.76% today to trade at Rs 608.65. The S&P BSE Realty Index index is up 0.78% to quote at 1944.75. The index is down 9.44 % over last one month. Among the other constituents of the index, Oberoi Realty Ltd increased 2.08% and Sunteck Realty Ltd added 1.79% on the day. The S&P BSE Realty Index index went down 16.36 % over last one year compared to the 4.99% surge in benchmark SENSEX.

Phoenix Mills Ltd has lost 3.01% over last one month compared to 9.44% fall in S&P BSE Realty Index index and 5.4% drop in the SENSEX. On the BSE, 103 shares were traded in the counter so far compared with average daily volumes of 8234 shares in the past one month. The stock hit a record high of Rs 725 on 28 May 2018. The stock hit a 52-week low of Rs 491.5 on 09 Oct 2018.

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Phoenix Mills will hold a meeting of the Board of Directors of the Company on 15 May 2019.

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