Phoenix Mills Ltd. News and Updates

Name: Latest research reports of Phoenix Mills Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Phoenix Mills Ltd.
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Author: ICICI Securities Limited

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Phoenix Mills Ltd.

07 Jul 2023

1508.80

-1.12%

Strong start to FY24, on track to achieve double digit LTL consumption growth in FY24

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked Q1FY24 (Apr-Jun’23) like-to-like (LTL) consumption across malls at 109% of Q1FY23 (Apr-Jun’22) levels. Adjusted for store closures in Lifestyle Block of Palladium, Mumbai LTL consumption would have stood at 110% of Q1FY23 levels.

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills Ltd.

30 May 2023

1508.80

-1.12%

PHOENIX MILL

Accumulate: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

Phoenix Mills Ltd. is trading below all available SMAs

Phoenix Mills Ltd.

28 May 2023, 12:00AM

1508.80

-1.12%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Direct

Number of FII/FPI investors decreased from 821 to 795 in Jun 2025 qtr

Phoenix Mills Ltd.

25 May 2023

1508.80

-1.12%

Phoenix Mills Results Earnings Call for Q4FY23

Conference Call with Phoenix Mills Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.

audio

Phoenix Mills Ltd.

25 May 2023

1508.80

-1.12%

Phoenix Mills Q4 earnings: Net profit zooms 140% YoY, Board declares 250% dividend

livemint

Phoenix Mills is a large-cap real estate company that has declared its Q4 and FY23 earnings along with a dividend of 250% for its eligible shareholders.

Number of FII/FPI investors decreased from 821 to 795 in Jun 2025 qtr

Phoenix Mills Consolidated March 2023 Net Sales at Rs 729.04 crore, up 47.16% Y-o-Y

Moneycontrol | 25 May 2023

Phoenix Mills Ltd.

25 May 2023

1508.80

-1.12%

Double digit LTL consumption growth on the cards in FY24E

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked FY23 like-to-like (LTL) consumption across malls at 119% of FY20 levels while retail income growth was at 122% of FY20 levels.

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills Ltd.

10 Apr 2023

1508.80

-1.12%

Strong end to FY23, all eyes on LTL growth for FY24E

Buy: Phoenix Mills Ltd.

ICICI Securities Limited

The Phoenix Mills (PHNX) clocked Mar’23 like-to-like (LTL) consumption across malls at 111% of Mar’19 levels (Mar’20 was first Covid impacted month hence not comparable). However, Mar’23 LTL consumption was at 106% of Mar’22 levels. As we have been highlighting, while the FY23 LTL consumption was expected to range between 13-14% of FY20 (pre-Covid) levels adjusted for Mar’20 mall closures, with a high base of FY23, we model for 5% LTL consumption/rental CAGR from FY24E.

Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.

Phoenix Mills Ltd.

31 Mar 2023

1508.80

-1.12%

Singapore government sells 2.9% stake in Phoenix Mills for Rs 670 cr

Business Standard

Singapore government on Friday sold its 2.9 per cent stake in Phoenix Mills, a retail-led mixed-use developer, for Rs 670 crore through an open market transaction. Following the deal, shares of Phoenix Mills declined 3.33 per cent to settle at Rs 1,296 apiece on the National Stock Exchange (NSE). In a bulk deal data transaction on NSE, the Singapore government offloaded more than 51.49 lakh shares, amounting to a 2.88 per cent stake in the firm. The shares were sold at an average price of Rs 1,300.15 apiece, taking the transaction value to Rs 669.54 crore. However, the seller(s) of the shares could not be ascertained. The Singapore government-owned a 4.28 per cent stake in the company as of the December quarter, the latest shareholding data showed with the bourse. Phoenix Mills Ltd is India's leading retail mall developer and operator with approximately 0.64 million square metres of retail space spread across six gateway cities of India. The Mumbai-based firm is the pioneer of .