Earnings Alerts

Phoenix Mills (PHNX) Earnings Fall as 3Q Net Income Declines by 5% Y/Y

By January 30, 2025 No Comments
  • Phoenix Mills reported a net income of 2.65 billion rupees for the third quarter, marking a decrease of 5% compared to the previous year.
  • Revenue was recorded at 9.75 billion rupees, showing a slight decline of 1.1% year-over-year, and falling short of the estimated 10.67 billion rupees.
  • Total costs slightly increased by 0.3% year-over-year, reaching 6.06 billion rupees.
  • Finance costs decreased by 1% compared to the previous year, amounting to 1.03 billion rupees, which was slightly above the estimated 1.02 billion rupees.
  • The stock received 10 “buy” ratings, 6 “hold” ratings, and 1 “sell” rating from analysts.

A look at Phoenix Mills Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience3
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Phoenix Mills Ltd., with its impressive Smartkarma Smart Scores, holds a promising long-term outlook in the market. Notably, the company excels in Growth factors, earning a top score of 5. This indicates a strong potential for significant expansion and development. Moreover, its Momentum and Resilience scores stand at a respectable 3 each, suggesting a steady and robust performance trajectory ahead.

While Phoenix Mills scores lower in Value and Dividend categories with scores of 3 and 2 respectively, its overarching strength in Growth bodes well for its future prospects. The company’s core business focus on owning, managing, and developing retail-led mixed-use properties positions it strategically in the market. Noteworthy is the ownership and operation of the renowned High Street Phoenix Center in Mumbai, reflecting Phoenix Mills‘ prominent presence in the real estate sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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