Phoenix Mills has seen sustained recovery in the consumption at company’s malls since reopening. Consumption across all retail portfolio came in at Rs 13.7 billion in Q3 FY21, up 192% QoQ and at approximately 66% of Q3 FY20. Consumption in December 2020 was steady at approximately Rs 5 billion, at the same level as November 2020 and at 70% of December 2019. In line with consumption, retail collections continue to witness sharp improvement. Q3 FY21 collection was at approximately Rs 2.6 billion and 9 month FY21 retail collection at approximately Rs 3.9 billion.
In Residential division, the company has sold 14 units with aggregate sales value of approximately Rs 740 million in Q3 FY21. For 9 month FY21, the company sold 24 units with aggregate sales value of Rs 1.4 billion in 9 month FY21. Rent & CAM Collections across the commercial portfolio remain strong at approximately Rs 390 million in Q3 FY21 and Rs 1.14 billion in 9 month FY21. The company’s hotel properties saw improved traction in social events and F&B revenue during Q3FY21.
Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.
Company Name | CMP |
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Dilip Buildcon | 463.50 |
Macrotech Developers | 1250.00 |
NBCC (India) | 132.70 |
Prestige EstatesProj | 1311.90 |
DLF | 891.00 |
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