'Phoenix Mills hosted a conference call on May 9, 2018. In the conference call the company was represented by Shishir Shrivastava, JMD and Pradumna Kanodia, Director Finance.
Key takeaways of the call
Of FY18 consolidated revenue about 65% is from retail, 10% from commercial, 21% from hospitality and 4% from residential.
The company with no substantial increase in debt in FY18 was able to fund the PE stake buyouts and purchase of TDR for its commercial and residential developments through internal accruals. Payout towards this in FY18 was Rs 265 crore.
Finance cost in FY18 stand reduced as average borrowing cost drop to 8.94% compared to 10.2% in FY17.
Aggregate consumption at company's eight malls with operational retail space of 5.9 msft of retail space across six major cities stood at Rs 63.2 billion, a growth of 9%. While PMC Bangalore, Mumbai and Pune reported significantly strong growth and robust performance through the year, the strategic...
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