Phoenix Mills Ltd.

NSE: PHOENIXLTD | BSE: 503100 | ISIN: INE211B01039 |Industry: Realty
|Expensive Performer

Phoenix Mills Ltd.    
31 Jul 2020
Nirmal Bang Institutional
Team in the Asia Money poll 2020. Click Here Phoenix Mills Ltds (PML) 1QFY21 results gave an indication about the impact of COVID-19 on the retail sector. Only ~28% of the total leasable area of PML was operational for ~22 days. Consequently, the company reported a loss of Rs424mn for 1QFY21. Gross debt increased to Rs47,489mn (an increase of 6% YoY) in 1QFY21. The debt on operational assets increased marginally by 1% to Rs41,701mn in 1QFY21. The debt on under construction assets increased to Rs5,788mn in 1QFY21 (an increase of 5.5% YoY). The cost of borrowing declined from 9.36% in 1QFY20 to 9.14% in 1QFY21. 86% of the total debt is long term...
Phoenix Mills Ltd. has lost -32.61% in the last 6 Months
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