Phoenix Mills Ltd Share Price – NSE  / BSE

Realty, Small Cap

Net profit of Phoenix Mills declined 13.66% to Rs 218.10 crore in the quarter ended September 2024 as against Rs 252.62 crore during the previous quarter ended September 2023. Sales rose 4.91% to Rs 917.97 crore in the quarter ended September 2024 as against Rs 875.02 crore during the previous quarter ended September 2023.

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Phoenix Mills Ltd lost 4.15% today to trade at Rs 1515. The BSE Realty index is down 1.27% to quote at 7699.76. The index is down 12.45 % over last one month. Among the other constituents of the index, Brigade Enterprises Ltd decreased 2.88% and Macrotech Developers Ltd lost 2.56% on the day. The BSE Realty index went up 65.9 % over last one year compared to the 24.13% surge in benchmark SENSEX.

Phoenix Mills Ltd has lost 15.93% over last one month compared to 12.45% fall in BSE Realty index and 5.62% drop in the SENSEX. On the BSE, 1066 shares were traded in the counter so far compared with average daily volumes of 17893 shares in the past one month. The stock hit a record high of Rs 2068.15 on 18 Jul 2024. The stock hit a 52-week low of Rs 862.5 on 26 Oct 2023.

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Phoenix Mills will hold a meeting of the Board of Directors of the Company on 25 October 2024.

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Gross retail collections jumped 27% YoY to around Rs 812 crore in the quarter ended 30 September 2024.

On half yearly basis, the company’s total consumption increased 25% YoY approximately to Rs 6,506 crore, consumption growth was driven by strong performance in Phoenix Palassio and Phoenix MarketCity Mumbai, supported by ramp up in the newly launched malls. Gross retail collections stood at around Rs 1,610 crore, up 29% YoY in H1 FY25.

The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad.

The company reported 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24.

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