Profit before tax surged 139.5% year on year to Rs 342.77 crore in Q4 FY23.

EBITDA improved by 79% to Rs 430.7 crore in Q4 FY23 from Rs 241.1 crore in Q4 FY22. EBITDA margin stood at 59% during the quarter as against 49% in Q4 FY22.

Collection from retail operations in the March quarter stood at Rs 576.6 crore.

Retail consumption in April 2023 was Rs 851 crore, up 118% from April 2022.

Total office income in Q4 FY23 stood at Rs 43.3 crore while the segment's total EBITDA stood at Rs 27.1 crore.

On full year basis, the company's consolidated net profit soared to Rs 1,334.96 crore in FY23 as compared with Rs 237.35 crore in corresponding quarter last year. Revenue from operations jumped 77.8% year on year to Rs 2,638.35 crore in FY23.

The company said that it has achieved gross leasing of approximately 4.31 lakh sf during FY23, of which around 2.81 lakh sf is new leasing and approximately 1.50 lakh sf is renewal leasing

In its residential portfolio, the sales trajectory has seen good improvement backed by strong demand and faster conversions. Strong sales momentum continues, with gross residential sales of approximately Rs 465.7 crore in FY23 and collections were at Rs 368.6 crore in FY23.

Meanwhile, the board has recommended a final dividend of Rs 5 per equity share for FY23.

The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad.

The scrip was down 0.33% to Rs 1,416.05 on the BSE.