Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

The Phoenix Mills Limited delivers strong operational performance for H1FY20

Posted On: 2019-11-12 10:22:09

The Phoenix Mills Limited ("PML" or the Company), India's largest retail-led mixed-use developer and operator, today announced its unaudited financial results for the second quarter and half year ended September 30, 2019, as approved by its Board of Directors.

H1 FY2020 Consolidated Financial Highlights:

- Revenue from operations at Rs. 10,301 million, up 26% y-o-y
- EBITDA at Rs. 5,034 million, up 28% y-o-y
- Profit after tax and minority interest at Rs. 1,961 million, up 61% y-o-y

Q2 FY2020 Consolidated Financial Highlights:

- Revenue from operations at Rs. 4,151 million, up 3% y-o-y
- EBITDA at Rs. 2,107 million, up 6% y-o-y
- Profit after tax and minority interest at Rs. 657 million, up 6% y-o-y

"We are pleased to report a robust performance in the first half of FY2020. Consumption at our malls was resilient in H1 and grew 3% year on year to Rs. 34,762 million. Our commercial portfolio across Mumbai and Pune continue to deliver strong operational performance. I am glad to inform that work across our under-construction retail and commercial projects is progressing well and we are on course to double our retail portfolio and substantially increase our office portfolio over the next five years." said Mr. Shishir Shrivastava, Joint Managing Director, The Phoenix Mills Limited.

"Our mature and fast-growing rent generating assets have enabled us to deliver consistent profitable growth. Retail Rental Income & EBITDA was up by 7% & 8% respectively for H1 FY20. Income from Commercial Offices was up 66% to Rs. 514 mn for the six months. Excluding the contribution from the residential business, PAT from our core portfolio of retail, hospitality and commercial offices came in at Rs. 1,516 million in H1FY2020, up 27% y-o-y. Our cash flows from operations remain robust and we are focused on maintaining a strong balance sheet and prudent capital allocation strategy." said Mr. Pradumna Kanodia, Director - Finance, The Phoenix Mills Limited.

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.741.1 as compared to the previous close of Rs. 729.65. The total number of shares traded during the day was 2330 in over 364 trades.

The stock hit an intraday high of Rs. 745 and intraday low of 718.35. The net turnover during the day was Rs. 1712944.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Intellect Digital Core (IDC) ranked world #1 by IBS Intelligence Annual Sales League Table 2020

Ambuja Cements Ltd board to consider 2nd quarter results on July 24, 2020

RBL Bank revamps 'RBL MyCard' credit card app

Thomas Cook India sees opportunity in demand for mini-breaks Introduces City Escapes

TCS Launches Quartz™ Smart Solution to Help Financial Institutions Offer Cryptocurrency Trading

Tactical Air Support selects Ramco Aviation Suite

Karur Vysya Bank and Bajaj Allianz Life Insurance announce strategic partnership

Tractor market to report strong growth in Q2 FY21 - Pritika Auto Industries Ltd

LTI Launches Canvas, a Modern Software Engineering Platform for Remote & Hybrid Workforce of Future

ITC facilitates creation of livelihood opportunities in the rural sector during the pandemic

ABB launches anti-bacterial switches and sockets to keep surroundings safe

Steel Strips Wheels Ltd receives $140K alloy wheels order from EU market

Nucleus FinnOne Neo recognized as the #1 Market Leader in Lending by IBS Intelligence

Lupin Pharmaceuticals, Inc. Issues Voluntarily Nationwide Recall of Metformin Hydrochloride Extended-Release Tablets, 500mg and 1000mg due to the detection of NDMA impurity

ICRA reaffirms long term rating of Puravankara Ltd

YES Bank Ltd board approves fund raising through FPO

GMR Infrastructure Ltd. announces the Completion of Strategic Partnership transaction with Groupe ADP for Airports Business

Infosys Ltd board to announce Q1FY21 results on July 15, 2020

Shree Renuka Sugars Ltd Q4 consolidated loss at Rs. 146 crore

ZIM announces submission of marketing authorization application for Rizatriptan orally dissolving film in Europe

KG Petrochem Ltd Q4 FY20 net profit jumps to Rs. 10.64 crore

Airtel launches NEW Prepaid Packs with Premium Content from ZEE5

Birlasoft partners with Innoveo to Fast-track the Journey to Digital Excellence

PPAP Automotive Limited receives award from Toyota Kirloskar Motor Pvt Ltd

Indian Acrylics Ltd Q4 FY20 PAT at Rs. 3.45 crore

India Infrastructure Trust board Declares total distribution of Rs. 4.4497

Best Agrolife Ltd Board approves final dividend of Rs. 0.10 for FY2020

A Infrastructure Ltd Board approves Dividend of Rs. 0.10 for FY20

Unichem Laboratories Limited receives ANDA approval for its Cyclobenzaprine Hydrochloride Tablets

Opto Circuits India Ltd relaunches FDA approved Pulse Oximeters

L&T Infrastructure Finance closes the $ 100 million ECB from AIIB for Renewable Energy Finance

Digitate's ignio™ SaaS Suite for the Autonomous Enterprise Now Available on Microsoft Azure

Magma Fincorp Partners with Wadhwani Foundation to Provide Pro-bono Business Consulting to SME Customers

IDFC Mutual Fund #DateyRaho Campaign Thanks Investors For Staying Invested

Swaminathan Subramanian Joins Sterlite Power as Group Chief Human Resource Officer

TCS to Help Tryg Transform its IT Core and Enable Future Growth

Tata Power completes Sale transaction of ships for USD 212.76 million

Mindteck announces new client and project win

Maruti Suzuki partners with Axis Bank for easy finance solutions

Caplin Steriles to license five of its injectable ANDAs to Xellia Pharmaceuticals

Tata Communications wins eight awards at Frost & Sullivan's 2020 India ICT Awards

5paisa Capital Ltd board to approve Q1FY21 results on July 13, 2020

J P Chalasani resigned as Group CEO of Suzlon Energy Limited

India Infrastructure Trust fixes July 15, 2020 as record date for income distribution

PVR Ltd fixes July 10, 2020 as record date for rights issue

Suzlon announces Q4 FY20 Results

Sadbhav Infrastructure Project Ltd reports Rs. 1287.48 crore consolidated PAT in Q4 FY20

BPCL raises Rs. 1995.20 crores

Delta Corp Ltd board to approve Q1FY21 results on July 14, 2020

S H Kelkar and Company Ltd Q1 FY21 business update

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019