Prozone Intu Result Second Quarter 2018

Published On: November 16th 2018 at 12:41 PM

Prozone IntuProzone lntu Properties Limited (PIPL), India’s leading retail led mixed-use developer, announced the financial results,

➢Strong revenue growth, up 132% QoQ
➢Highest ever EBITDA at Rs 225 mn, with margin of 51.6%
➢PAT turned positive after many quarters
➢Strong operating performance: Leasing of 89% at Coimbatore Mall & 83% at
Aurangabad Mall.
➢Strong Balance Sheet with low leverage of 0.4x.

About Prorone lntu



Prozone lntu Properties Ltd. (Prozone Intu) is developed by the Promoters and participated by lntu Properties Plc, a UK FTSE-250 company. Prozone lntu creates, develops and manages world-class regional shopping centres, and associated mixed-use developments, on a Pan-India basis. Prozone Intu’s strategy is to lead in the retail space within Tier 2 and 3 cities, in which robust urbanisation and significant growth in middle-class consumption is expected over the next 5 years. The Company’s key business strategy includes developing large scale land parcels for mixed use development, with 75% of the land earmarked for residential & commercial categories on a build & sell model. 25% of the land is allocated towards retail malls on a build and lease model.