NEW DELHI: The Phoenix Mills has reported a dip of 4.34 per cent in its net consolidated profit during the quarter ended September 30, 2024. Its profit after tax stood at Rs 290.64 crore in Q2 FY25 as against Rs 303.82 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 955.06 crore in Q2 FY25, a growth of 5.34 per cent from Rs 906.64 crore it recorded in the similar quarter last year.
During the quarter and half year ended September 30, 2024 the paid up equity share capital stands increased by Rs 35.75 crore pursuant lo the allotment of 47,699 equity shares of Rs 2 each pursuant to exercise of options by eligible employees, under ESOP schemes 2007 and 2018 and allotment of 17,87,44,921 bonus equity shares of Rs 2 each.
During the quarter, the company’s subsidiary namely i.e. Astrea Real Estate Developers (Astrea) has completed the acquisition of 100% equity share capital of Dhanalakshmi Engineering (DEPL), Pulankinar Investment and Finance (PIFPL), Coimbatore Sameera Investrnent (CSIPL), Shanthi Chandran Enterprise (SCEPL), Shanthi Chandran Investments Coimbatore (SCICPL) and Sheela Trades (STPL). Total Consideration paid for the said acquisition is Rs 290.10 crore. Consequently, the said entities, have become wholy-owned subsidiary of Astrea and step-down subsidiaries of the company.
