Phoenix Mills Ltd.

NSE: PHOENIXLTD | BSE: 503100 | ISIN: INE211B01039 | Industry: Realty
| Slowing Down Stock
1542.2000 29.70 (1.96%)
NSE Jul 04, 2025 15:31 PM
Volume: 415.2K
 

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Phoenix Mills Ltd.
14 Feb 2021
1542.20
1.96%
ICICI Securities Limited
PML rental income in Q3FY21 at | 176.1 crore (~67% of Q3FY20) was higher than H1FY21 rental (at ~| 170.5 crore at ~33% of H1FY20). Additionally, retail collections saw a sharp improvement to | 260 crore, | 390 crore in Q3FY21, 9MFY21, respectively. This was largely driven by overall consumption improvement. Going forward, the management expects consumption to reach 85-90% by FY21-end and fully normalised levels (along with contractual escalations) in FY22E. We expect ~45% decline on like to like basis in rental revenues (ex-CAM charges) in FY21 vs. earlier...
Phoenix Mills Ltd. has an average target of 1683.50 from 2 brokers.
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