Phoenix Mills stock trades slightly higher after Q4 numbers

Shares of Phoenix Mills were trading on the green zone post Q4FY21 numbers. The company’s net profit rose 40.29% to Rs65.50cr in the quarter ended March 2021 as against Rs46.69cr during the previous quarter ended March 2020.

The sales declined 3.36% to Rs385.84cr in the quarter ended March 2021 as against Rs399.24cr during the previous quarter ended March 2020.

The Board of Directors of the Company have considered and recommended a final dividend of Rs1 per Equity Share of the face value of Rs2 each (50 %) for the financial year ended March 31, 2021.

The company has re-appointment of Mr. Shishir Shrivastava as the Managing Director of the Company for a further period of five years with effect from July 30, 2021 to July 29, 2026.

Further, the company appointment of Mr. Rajesh Kulkarni as a whole-time Director of the Company for a period of 5 years with effect from May 27, 2021 to May 26, 2026.



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( With inputs from indiainfoline)