Shares of the large-cap company engaged in the operation & management of malls, and construction of commercial & residential properties jumped to an intraday high of Rs 3,603 apiece following a 1:1 bonus share announcement and a 3.4 percent increase in net profits as of Q1FY25.
With the market capitalization of Phoenix Mills Limited standing at Rs 64,025.73 crores, the shares closed at Rs 3,603 apiece on Thursday. This stock has generated a multi-bagger return of 108 percent over the past 1 year and a return of 53.29 percent over the previous 6 months.
What happened:
According to Phoenix Mills Limited’s exchange filings, the company has announced a bonus share issuance in a 1:1 ratio. This means that for every existing equity share with a face value of Rs 2, shareholders will receive one additional equity share of the same face value of Rs 2.
Additionally, the firm has also published its Q1FY25 results.
Results:
The net sales of the company declined by 30 percent from Rs 1,305 crores in Q4FY24 to Rs 904.41 crores in Q1FY25. Also for the same period, the net profits also declined by 19.3 percent from Rs 388 crores to Rs 313 crores in the same period.
The sales increased by 13 percent from Rs 810 crores in Q1FY24 to Rs 904.14 crores in Q1FY25. Also for the same period, the net profits increased by 3.4 percent from Rs 303.83 crores to Rs 313.44 crores.
Ratios and EBITDA:
The trailing 12 months ROE and ROCE of Pheonix Mills Limited stood at 11.62 percent and 14 percent respectively. As of Q1FY25 the EBITDA of the firm stood at Rs 32 crores.
Revenue mix:
As of Q1FY25 the revenue mix of Phoenix Mills Limited was as follows: 42 percent from Rooms, 48 percent from F&B, and 10 percent from others.
Shareholding Pattern:
As of June 2024, the firm’s shareholding pattern stood at 47.27 percent held by the promoters, 3.98 percent held by the public, 35.41 percent held by foreign institutional investors, and 13.33 percent held by domestic institutional investors.
About the Company:
Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential properties, and hotel business in India. It is India’s leading retail mall developer and operator with approximately 0.64 million square meters of retail space spread across 9 malls in 6 gateway cities of India.
Written By Zahal
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