Phoenix Mills Ltd.

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

Phoenix Mills Ltd.    
31 Jul 2020
598.70
0.09%
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...
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Phoenix Mills Ltd. has lost -32.61% in the last 6 Months
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