'The Phoenix Mills hosted a conference call on Feb 8, 2019. In the conference call the company was represented by Shishir Shrivastava, Joint Managing Director and Pradumna Kanodia, Director Finance.
Key takeaways of conference call
Favorable consumption trends across all retail assets as well as its efforts to bring more operational efficiencies across the portfolio are visible in the financial performance of the company. Consumption in Q3FY19 was up by 10% to Rs 1890 crore.
Consolidated revenue from operations for the quarter ended Dec 2018 stood higher by 6% to Rs 440.4 crore driven by 7% growth in retail revenue to Rs 289.9 crore, 89% growth in commercial revenue to Rs 32.7 crore and 2% growth in Hospitality Revenue to Rs 97.9 crore. However the residential revenue was down to Rs 19.9 crore from Rs 31.1 crore in the corresponding previous period. The EBITDA was higher by 8% to Rs 222.5 crore with EBITDA margin stand higher by 100 bps to 51%.
The compan...
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