Phoenix Mills Q3 Results Review - Strong Growth Aided By New Malls: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Phoenix Mills Ltd. reported a revenue of Rs 9.8 billion, up 44% YoY/13% QoQ (6% ahead of our estimate), driven by the contribution from four new malls totaling 4 million square feet. Revenue for nine months FY24 stood at Rs 26.7 billion, up 40% YoY. In line with revenue growth, Ebitda grew 44% YoY to Rs 5.5 billion (in line). Ebitda margins remained flat YoY at 56%, down 250 basis points QoQ. Profit after tax came in at Rs 2.8 billion, up 58% YoY (in line). Phoenix Mills generated operating cash flow (post interest) of Rs 5.4 billion and incurred a capex of Rs 7 billion. It has a gross debt of Rs 43 billion (flat QoQ), while net debt (Phoenix share) increased by Rs 1 billion QoQ to Rs 16 billion..Click on the attachment to read the full report:.Cera Sanitaryware Q3 Results Review - Soft Demand Likely To Revive By March 2024: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Phoenix Mills Q3 Results Review - Strong Growth Aided By New Malls: Motilal Oswal

Rental growth surpasses consumption growth.

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