Phoenix Mills Ltd Share Price – NSE /  BSE

Realty, Small Cap

Phoenix Mills has allotted 6,419 equity shares under ESOP on 17 January 2025. Consequent upon allotment of the above shares, the paid-up equity share capital of the Company stands increased from Rs 71,50,05,230 consisting of 35,75,02,615 equity shares of Rs 2/- each to Rs 71,50,18,068 consisting of 35,75,09,034 equity shares of Rs 2/- each.

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On a like-for-like basis, excluding Phoenix Mall of the Millennium and Phoenix Mall of Asia, consumption grew by 10% year-on-year.

Consumption for the quarter was driven by a strong festive season, led by PMC Mumbai, PMC Pune, Phoenix Palassio, and the continued ramp-up at Phoenix Mall of the Millennium and Phoenix Mall of Asia (launched in September and October 2023, respectively).

On a nine-month basis, the company’s consumption totaled approximately Rs 10,504 crore in 9M FY25, marking a 23% increase compared to 9M FY24. On a like-for-like basis, excluding Phoenix Mall of the Millennium and Phoenix Mall of Asia, consumption grew by 8% year-on-year.

The expansion at Phoenix Palladium, Mumbai, was recently completed, adding approximately 250,000 square feet of gross leasable area to this asset. The new annex building houses a diverse range of retail stores, including Uniqlo, Lifestyle, Celio, Ecco, and San-Cha Tea, among others. These stores were launched in phases throughout November and December 2024, with more store launches planned for the upcoming quarters.

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 13.7% decline in consolidated net profit to Rs 218.10 crore on 4.9% increase in net sales to Rs 917.97 crore in Q2 FY25 over Q2 FY24.

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Phoenix Mills Ltd fell 2.56% today to trade at Rs 1653.15. The BSE Realty index is down 0.4% to quote at 7995.76. The index is down 6.04 % over last one month. Among the other constituents of the index, Oberoi Realty Ltd decreased 1.56% and Macrotech Developers Ltd lost 0.83% on the day. The BSE Realty index went up 16.88 % over last one year compared to the 9.14% surge in benchmark SENSEX.

Phoenix Mills Ltd has lost 11.23% over last one month compared to 6.04% fall in BSE Realty index and 4.05% drop in the SENSEX. On the BSE, 573 shares were traded in the counter so far compared with average daily volumes of 17225 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 1135.53 on 29 Jan 2024.

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Phoenix Mills Ltd gained 2.46% today to trade at Rs 1696.5. The BSE Realty index is up 0.35% to quote at 8401.5. The index is up 6.98 % over last one month. Among the other constituents of the index, Oberoi Realty Ltd increased 0.17% and Anant Raj Ltd added 0.11% on the day. The BSE Realty index went up 39.36 % over last one year compared to the 10.49% surge in benchmark SENSEX.

Phoenix Mills Ltd has added 4.36% over last one month compared to 6.98% gain in BSE Realty index and 0.7% drop in the SENSEX. On the BSE, 1219 shares were traded in the counter so far compared with average daily volumes of 11302 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 1109 on 28 Dec 2023.

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