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Phoenix Mills rises 5% on better Q4 show
The board of directors of the company considered and recommended a final dividend at 150 percent per share i.e. Rs 3 per equity share of the face value of Rs 2 each for the financial year 2018-19.
Shares of Phoenix Mills rose 5 percent intraday Thursday after the company reported a robust set of numbers for the quarter ended March 2019.
The company's profit after tax (PAT) has increased by 147 percent at Rs 228.4 crore, revenue from operations was up 66 percent at Rs 723.3 crore and EBITDA was up 74 percent at Rs 377.1 crore, YoY, as per company press release.
The board of directors of the company considered and recommended a final dividend at 150 percent per share i.e. Rs 3 per equity share of the face value of Rs 2 each for the financial year 2018-19.
At 11:36 hrs Phoenix Mills was quoting at Rs 619.95, up to Rs 27.65, or 4.67 percent on the BSE.
The share touched its 52-week high Rs 725.00 and 52-week low Rs 491.50 on 28 May 2018 and 09 October 2018, respectively.
Currently, it is trading 14.49 percent below its 52-week high and 26.13 percent above its 52-week low.
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