- Net income: 2.33 billion rupees, down 3.3% year-over-year (y/y); missed estimate of 2.84 billion rupees.
- Revenue: 9.04 billion rupees, up 11% y/y; missed estimate of 9.81 billion rupees.
- Total costs: 5.54 billion rupees, up 16% y/y.
- Finance cost: 1.03 billion rupees, up 7.7% y/y; significantly higher than the estimated 466.9 million rupees.
- Company approves the issue of 1 free share for each share held.
- Analyst recommendations: 10 buys, 5 holds, and 2 sells.
- Comparisons to past results are based on values reported by the company’s original disclosures.
A look at Phoenix Mills Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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. is poised for a promising long-term outlook, according to the Smartkarma Smart Scores. With a solid score in Growth and Momentum, the company demonstrates a strong potential for expansion and market performance. This indicates that Phoenix Mills is well-positioned for future development and is likely to show positive progress over time. Additionally, the company’s Resilience score suggests a level of stability and ability to withstand market fluctuations, further supporting its long-term prospects.
Known for its ownership and management of large-format retail-led mixed-use properties, Phoenix Mills Ltd. focuses on properties that encompass various sectors like shopping, entertainment, commercial, residential, and hospitality. The company’s flagship property, the High Street Phoenix Center in Mumbai, reflects its commitment to creating diverse and thriving spaces. Overall, with a balanced mix of growth potential, market momentum, and resilience, Phoenix Mills appears to be a strong player in the real estate sector with a promising outlook for long-term success.
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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