THE PHOENIX MILLS LTD.
Unaudited Financial Results ( Provisional ) for the quarter ended 31st MARCH 2007.
 
          ( RS. in Lacs )
Sr. No. Particulars 3 Months
ended on
31/03/07		 Corresponding
3 months in the Previous year ended on
31-03-06		 Year ended
31/03/2007		 Year ended
31/03/2006
    Unaudited Audited Unaudited Audited
1  Net Sales / Income from operations 1477.77  1443.96  6173.61  5511.38 
2  Profit on sale of refurbished assets - - 3892.04  -
3  Sale of Development Right ( to  Subsidiary ) 12434.40  - 12434.40  -
4  Other income 135.59  131.34  201.25  201.01 
5  Total Income (1+2+3+4) 14047.76  1575.30  22701.30  5712.39 
6  Total Expenditure        
   a) (Increase) / decrease in stock in       trade 3.58  (2.08)  0.57  12.48 
   b) Consumption of raw materials \      cloth trading 10.90  13.78  76.00  80.08 
   c) Staff Cost 86.51  52.50  294.40  232.32 
   d) Other expenditure 698.32  783.37  2447.61  2243.67 
   Total Expenditure (a+b+c+d) 799.31  847.57  2818.58  2543.59 
7  Interest 83.50  167.08  377.60  433.40 
8  Depreciation 375.00  308.32  685.00  468.32 
9  Profit before Tax (5-6-7-8) 12789.95  252.33  18820.12  2267.08 
10  Provision for Tax - Current Income  Tax 2100.00  - 2100.00  625.00 
           Fringe Benefit Tax 25.00  - 25.00  20.00 
           Deferred Tax - - - (45.45) 
11  Net Profit after tax 10664.95  252.33  16695.12  1667.53 
12  Paid-up equity shares capital (Face
 value of a share - Rs.10/- after split)		 1225.00  1225.00  1225.00  1225.00 
13  Reserves excluding revaluation  reserves (As per the latest audited  balance sheet) - - - 2638.00 
14  Basic and diluted EPS on net profit  (not annualised) (Rs.) 87.06  2.06  136.29  13.61 
15  Aggregate of Non promoters
 shareholding		        
   a) No. of shares 2873400  1913400  2873400  1913400 
   b) % of shareholdings 23.46  15.62  23.46  15.62 
 
 Notes :
1.
The above results as reviewed by the audit committee has been taken on record by the Board of Directors at their meeting held on 24th April, 2007
2.
The Auditors of the Company have carried out a Limited Review of the Financial Results for the quarter ended 31-03-07 in accordance with clause 41 of listing agreement with the stock exchange.
3.
There were no investor complaints pending at the beginning of the quarter.
       Received  :  26
       Solved  :  26
       Pending  :  Nil
4.
Profit on Sale of Assets represents profit on sale of Building for a consideration of Rs.4687.50 lacs less renovatioan expenditure of Rs. 795.46 lacs.
5.
Sale of Development Right amounting Rs.12434.40 lacs received from subsidiary company Pallazzio Hotels & Leisure Limited (formerly known as Exotic Finvest Limited)
6.
Figures for previous period / year have been regrouped and / or reclassified wherever necessary.
7.
The equity shares of the company have been admitted for dealing at National Stock Exchange of India Ltd. (NSE) w.e.f. 23-04/07.
   
  Mumbai
  Date : 24th April, 2007

THE PHOENIX MILLS LTD.
Segment Wise Revenue, Results & Capital Employed (Provisional) for the quarter ended
31st March, 2007.
 
        ( RS. in Lacs )
Particulars Quarter ended 31st March, 2007 Quarter ended 31st March, 2006 Year ended 31st March, 2007 Year ended 31st March, 2006
 Revenue        
         
 Textile / Cloth Trading 17.82  21.76  102.94 

91.43 
 Property 13056.68  669.05  18951.33  2052.92 
 Amenities, Other Services (including  other income) 973.26  884.49  3647.03  3568.04 
 Total 14047.76  1575.30  22701.30  5712.39 
         
 Profit / (Loss)        
 Textile / Cloth Trading 3.33  (1.13)  26.35  12.65 
 Property 12444.09  (100.29)  17101.94  592.96 
 Amenities, Other Services (including  other income) 426.02  520.84  2069.42  2094.88 
 Total 12873.44  419.42  19197.71  2700.49 
         
 Less: Prov. For income Taxation,  Fringe Benefit Tax 2125.00  - 2125.00  599.56 
 Less : Interest 83.50  167.08  377.60  433.40 
 Net Result 10664.95  252.34  16695.12  1667.53 
         
 Capital Employed 51313.99  14208.77  57591.16  14208.77 

  Jan to March Apr to March
 Capital 122,500,000  122,500,000 
 Reserves + Profit 1,659,510,174  2,287,226,740 
 Loans 3,349,895,033  3,349,895,033 
 Less : misc expenditure ( 505,800 )  ( 505,800 ) 
 Capital Employed 5,131,399,407  5,759,115,973 
  51,313.99  57,591.16