Q4FY21 Result Update - Phoenix Mills - ICICI Direct

The key highlight for Phoenix Mills (PML) was consumption recovery at retail malls. During Q4FY21, total consumption was at Rs. 1,435 crore (up 5% QoQ; at ~100% (~94% on like to like basis) of Q4FY20). Reported revenues de-grew ~3.4% YoY to Rs. 385.9 crore, with core portfolio (commercial + retail + hospitality) revenues down ~14.7% YoY to Rs. 329.5 crore, dragged by weak hospitality performance (down ~66% YoY). Reported EBITDA margin were down 620 bps YoY to 44.9%, given the higher mix of residential revenues.

For details, click on the link below: Link to the report

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.790.55 as compared to the previous close of Rs. 766.05. The total number of shares traded during the day was 34213 in over 3897 trades.

The stock hit an intraday high of Rs. 818.8 and intraday low of 772.55. The net turnover during the day was Rs. 27196739.

Source : Equity Bulls

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