Net profit of Phoenix Mills declined 13.66% to Rs 218.10 crore in the quarter ended September 2024 as against Rs 252.62 crore during the previous quarter ended September 2023. Sales rose 4.91% to Rs 917.97 crore in the quarter ended September 2024 as against Rs 875.02 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales917.97875.02 5 OPM %56.3957.82 - PBDT451.68441.11 2 PBT374.15375.19 0 NP218.10252.62 -14 Powered by Capital Market - Live

Phoenix Mills will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

Gross retail collections jumped 27% YoY to around Rs 812 crore in the quarter ended 30 September 2024. On half yearly basis, the company's total consumption increased 25% YoY approximately to Rs 6,506 crore, consumption growth was driven by strong performance in Phoenix Palassio and Phoenix MarketCity Mumbai, supported by ramp up in the newly launched malls. Gross retail collections stood at around Rs 1,610 crore, up 29% YoY in H1 FY25. 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 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Securities in F&O ban: SAIL, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertillisers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank Upcoming results Western Carriers, GTPL Hathway, Kretto Syscon, Lotus Chocolate, Rhetan TMT, and Vivid Mercantile will release their quarterly earnings scorecard on October 9. Stocks to watch: Phoenix Mills recorded retailer consumption of Rs 3,289 crore in the quarter ended September 2024, marking a growth of 25% growth compared to the year-age a period. Gross retail collections stood at Rs 812 crore in Q2 FY25, representing a 27% YoY increase. The weighted average trading occupancy across these malls was 92% while the weighted average leased occupancy across these malls stood at 96% in September 2024. Signature Global reported a 184% YoY growth in pre-sales, amounting Rs 2,780 crore. However, pre sales declined by 11% sequentially in Q2 FY25. The company sold 2.38 million square feet in Q2 FY25, up 143% YoY and 27% QoQ. Collections during the September 2024 quarter jumped 28% YoY to Rs 920 crore, Infosys announced collaboration with Nasdaq-listed Old National Bank for strategic expansion. Old National will leverage Infosys' services, solutions, and platforms for operations transformation and process digitization powered by automation and generative AI (GenAI). Dr Reddys Laboratories' subsidiary , Augriene Oncology has announced phase 1 results for ibrecabtagene autoleucel (DRL-1801) from the SWASTH study. The Drugs Controller General of India has approved the commencement of the Phase 2 part of the trial. The SWASTH study is India's first trial for a novel autologous BCMA-directed CAR-T cell therapy in patients with relapsed/refractory multiple myeloma. IRB Infrastructure Developers and IRB Infrastructure Trust reported a collective toll revenue growth of 19.2% YoY in September, generating Rs 501.8 crore compared to Rs 421 crore in the same month last year. Indian Railway Finance Corporation (IRFC) board has approved financing up to Rs 700 crore under finance lease for 20 BOBR rakes procured under the General-Purpose Wagon Investment Scheme (GPWIS) of the Ministry of Railways for NTPC. The Board also appointed Ajoy Choudhury as Chief Risk Officer for a fixed tenure of two years. PB Fintech said that The Insurance Regulatory and Development Authority of India (IRDAI) conducted an inspection of Policybazaar Insurance Web Aggregator (now Policybazaar Insurance Brokers, a wholly-owned subsidiary of PB Fintech) from June 1 to June 5, 2020. Following the inspection, the regulator issued a show-cause notice highlighting several observations about the subsidiary. Additionally, a Letter of Advice was issued for maintaining specific documentation, systems and processes, disclosures, and timely filing of certain returns. The notice is not expected to have any material financial impact on the company.Powered by Capital Market - Live

Phoenix Mills Ltd lost 6.56% today to trade at Rs 1761.1. The BSE Realty index is down 1.43% to quote at 8624.81. The index is up 4.75 % over last one month. Among the other constituents of the index, Macrotech Developers Ltd decreased 1.84% and Prestige Estates Projects Ltd lost 1.44% on the day. The BSE Realty index went up 87.25 % over last one year compared to the 29.42% surge in benchmark SENSEX. Phoenix Mills Ltd has lost 6.68% over last one month compared to 4.75% gain in BSE Realty index and 3.44% rise in the SENSEX. On the BSE, 5625 shares were traded in the counter so far compared with average daily volumes of 13320 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 862.5 on 26 Oct 2023.Powered by Capital Market - Live

Phoenix Mills Ltd lost 3.38% today to trade at Rs 1752.7. The BSE Realty index is down 0.98% to quote at 8752.14. The index is up 8.16 % over last one month. Among the other constituents of the index, Prestige Estates Projects Ltd decreased 2.03% and Macrotech Developers Ltd lost 1.24% on the day. The BSE Realty index went up 91.74 % over last one year compared to the 31.07% surge in benchmark SENSEX. Phoenix Mills Ltd has lost 4.68% over last one month compared to 8.16% gain in BSE Realty index and 4.98% rise in the SENSEX. On the BSE, 1475 shares were traded in the counter so far compared with average daily volumes of 10385 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 862.5 on 26 Oct 2023.Powered by Capital Market - Live

The Phoenix Mills (PML) said that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. The said plot measuring approximately 13.14 acres in total and it is located in Sector 62, near YPS Chowk in Sahibzada Ajit Singh Nagar (Mohali). They were auctioned by the Greater Mohali Development Authority (GMADA). Casper was declared as the highest bidder, with a combined bid value of approximately Rs 891 crore. The payment shall be completed within the timelines stipulated by GMADA. Both plots are classified for commercial use and the company intends to develop an iconic retail-led, mixed-use development on this land parcel. Shishir Shrivastava, managing director at The Phoenix Mills, said, 'We are pleased to announce that we have been declared as the highest bidders for the acquisition of two land plots in Mohali, Punjab. We intend to develop an iconic retail-led mixed-use destination on this land parcel which will include retail, cinemas, world-class F 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 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Phoenix Mills announced today that Casper Realty (Casper), a wholly owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. These plots - cumulatively admeasuring ~13.14 acres and located in Sector 62, YPS Chowk, Sahibzada Ajit Singh Nagar (Mohali) - were auctioned by Greater Mohali Development Area Authority (GMADA). Casper was declared as the highest bidder, with a combined bid value of approximately Rs. 891 crores. The payment shall be completed within the timelines stipulated by GMADA. Both plots are classified for commercial use and the Company intends to develop an iconic retail-led, mixed-use development on this land parcel. With excellent connectivity, this land parcel, situated at YPS Chowk'between Chandigarh and Sahibzada Ajit Singh Nagar (Mohali), is well-positioned to capitalize on the growing demand for retail and entertainment spaces in the Chandigarh Metropolitan Region (CMR). CMR encompasses the union territory of Chandigarh and its neighbouring cities, including Panchkula, Mohali, Zirakpur, New Chandigarh, Kharar, Pinjore, Kalka, and Barwala. Strategically located at the crossroads of Punjab, Haryana, and Delhi, the CMR region has emerged as a prime destination for real estate development. Powered by Capital Market - Live

The record date for bonus issue has been fixed as 21 September 2024. Additionally, the company will increase in authorised share capital from Rs 49 crore to Rs 75 crore. 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 3.3% decline in consolidated net profit to Rs 232.54 crore on 11.5% increase in net sales to Rs 904.14 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Indigo Paints Ltd, NTPC Ltd, BEML Ltd, Jubilant Ingrevia Ltd are among the other stocks to see a surge in volumes on BSE today, 04 September 2024.Phoenix Mills Ltd recorded volume of 34735 shares by 10:45 IST on BSE, a 6.83 times surge over two-week average daily volume of 5083 shares. The stock lost 1.07% to Rs.3,599.00. Volumes stood at 2400 shares in the last session.Indigo Paints Ltd saw volume of 33733 shares by 10:45 IST on BSE, a 6.23 fold spurt over two-week average daily volume of 5414 shares. The stock increased 4.46% to Rs.1,515.00. Volumes stood at 2351 shares in the last session.NTPC Ltd clocked volume of 31.59 lakh shares by 10:45 IST on BSE, a 5.11 times surge over two-week average daily volume of 6.18 lakh shares. The stock lost 0.68% to Rs.403.55. Volumes stood at 3.59 lakh shares in the last session.BEML Ltd recorded volume of 72197 shares by 10:45 IST on BSE, a 3.7 times surge over two-week average daily volume of 19524 shares. The stock gained 6.66% to Rs.4,108.20. Volumes stood at 34970 shares in the last session.Jubilant Ingrevia Ltd notched up volume of 2.03 lakh shares by 10:45 IST on BSE, a 3.31 fold spurt over two-week average daily volume of 61388 shares. The stock rose 5.62% to Rs.711.80. Volumes stood at 40574 shares in the last session.Powered by Capital Market - Live