Phoenix Mills Ltd Share Price (PHOENIXLTD)

Nifty Realty Index Records Over 100% Returns in Past Year - 18 Apr, 2024

Phoenix Mills is a constituent of the Nifty Realty Index, which has seen significant growth due to factors such as demand for housing, reopening offices, affordable interest rates, and rapid urbanization.

Phoenix Mills Reports Strong Growth in Consumption and Retail Collections - 12 Apr, 2024

Phoenix Mills reported strong growth in total consumption and gross retail collections for Q4 FY24 and FY24. Global brokerages maintain an overweight view on the stock despite potential downside risks.

Phoenix Mills Reports Strong Financial Performance in Q4FY24 - 11 Apr, 2024

Phoenix Mills reported a 27% YoY growth in total consumption at Rs 2,818 crore and gross retail collections of Rs 791 crore in Q4FY24. The company's office portfolio also showed improvement in occupancy and leasing traction. In its residential portfolio, Phoenix Mills reported steady demand for ready units with gross sales of Rs 55 crore during the quarter. Overall, the company reported a positive financial performance for FY24.

Phoenix Mills Reports Strong Growth in Q4 - 10 Apr, 2024

Phoenix Mills reported a 27% increase in total consumption and a 37% increase in gross retail collections YoY for Q4. The company achieved 22% YoY growth in total consumption for FY24, with gross retail collections standing at ₹2,743 crore, reflecting a growth of 27%. Phoenix Mills also reported a 58.4% YoY jump in net profit at ₹279.4 crore for the third quarter that ended December 31, 2023.

Phoenix Mills Records Strong Growth in Operating Revenue and Net Profit - 04 Apr, 2024

Phoenix Mills, under the guidance of Shishir Shrivastava, recorded a 78% rise in operating revenue to Rs 2,638 crore and a 449% jump in net profit to Rs 1,472 crore in FY23. The company secured Rs 4,873 crore in capital through equity and joint ventures from 2020 to 2022, positioning itself as a leader in the retail sector. Phoenix plans to expand its footprint in the office and hospitality sectors while adding another 2.5 million sq. ft. of retail assets.

Phoenix Mills' Debt Levels Considered Reasonable - 23 Mar, 2024

An article analyzing Phoenix Mills' debt levels concludes that the company uses debt reasonably and has an impressive conversion of EBIT to free cash flow, implying it has the upper hand on its debt. No cause for concern regarding risk.