- Phoenix Mills‘ net income for the first quarter was 2.41 billion rupees, reflecting a year-over-year increase of 3.4% but missing the estimated 2.83 billion rupees.
- The company reported revenue of 9.53 billion rupees, a 5.4% increase from the previous year, yet short of the 10.4 billion rupees forecasted.
- Total costs for the quarter rose by 4.2% year-over-year, amounting to 5.77 billion rupees.
- Finance costs decreased by 7.6% year-over-year to 951.4 million rupees, although higher than the anticipated 912.8 million rupees.
- Phoenix Mills‘ board approved a plan for CPP Investments to exit its 49% stake in Island Star Mall Developers, allowing Phoenix Mills to fully own Island Star.
- Analyst recommendations for Phoenix Mills include 10 buy ratings, 6 hold ratings, and 3 sell ratings.
- Comparison to past results is based on data from the company’s original disclosures.
A look at Phoenix Mills Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| 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 optimistic for the long term, with a strong growth outlook supported by a top score of 5 in the Growth category according to Smartkarma Smart Scores. This indicates that the company is well-positioned to achieve robust expansion and development in the coming years. Additionally, Phoenix Mills demonstrates resilience with a score of 4, which suggests that the company has the ability to weather economic uncertainties and challenges. While the company’s value is rated moderate at 3, its momentum and dividend scores are lower at 2. However, the overall positive scores in growth and resilience bode well for Phoenix Mills‘ continued success in the retail-led mixed-use property sector.
Phoenix Mills Ltd. focuses on owning, managing, and developing large-format retail-led mixed-use properties, as described in its corporate profile. The company’s portfolio includes shopping, entertainment, commercial, residential, and hospitality properties, showcasing a diversified approach to real estate development. Notably, Phoenix Mills is the owner and operator of the prestigious High Street Phoenix Center located in Mumbai. With a solid growth score of 5 and a resilient score of 4, Phoenix Mills is poised to capitalize on its diverse property offerings and strategic market presence to drive long-term success and value creation for stakeholders.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
