{"id":143276,"date":"2023-03-15T06:55:57","date_gmt":"2023-03-15T10:55:57","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143276"},"modified":"2023-03-15T06:55:59","modified_gmt":"2023-03-15T10:55:59","slug":"phoenix-mills-q3fy23-net-profit-rises-by-85-percent","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/phoenix-mills-q3fy23-net-profit-rises-by-85-percent\/","title":{"rendered":"Phoenix Mills Q3FY23 net profit rises by 85 percent"},"content":{"rendered":"\n<p>The Phoenix Mills has reported a growth of 85 per cent in its consolidated net profit during the quarter ended December 31, 2022. Its profit after tax (PAT) stood at INR 211 crore in Q3 FY23 as against INR 114 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.<\/p>\n\n\n\n<p>The company&#8217;s consolidated total income stood at INR 718.57 crore in Q3 FY23, a growth of 60.75 per cent from INR 447 crore it recorded in the similar quarter last year. During the nine month ended December 31, 2022 the company has allotted 45,000 equity shares under ESOP scheme 2007 and 19,730 equity shares under ESOP scheme 2018 at an exercise price of INR 333.90 and INR 726.39 per equity share respectively.<\/p>\n\n\n\n<p>In December 2022, The Phoenix Mills acquired land parcel of about seven acres in partnership with GIC and Bsafal group at Citylight Junction, Udhana Magdalla Road, Surat. . Land consideration was of INR 501 crore and it plans gross leasable area of one million sq ft, it said in its investors presentation.<\/p>\n\n\n\n<p>Total consumption in Q3 FY23 was INR 2,647.40 crore, retail collections were at INR 540.10 crore. It achieved gross leasing of about 3.95 lakh sq ft during year-to-date January 2023, of which about 2.45 lakh sq ft is new leasing and approximately 1.50 lakh sq ft is renewal leasing. Total office income in Q3 FY23 stood at INR 42.40 crore, up 16 per cent year-on-year. It witnessed residential sales of INR 104.10 crore in Q3 FY23 while the collections were at INR 129.40 crore. Average cost of debt in December 2022 stands at 8.41%, the company said in the investors presentation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"963\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a-963x1024.png\" alt=\"\" class=\"wp-image-143277\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a-963x1024.png 963w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a-282x300.png 282w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a-768x817.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a-1445x1536.png 1445w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a-1926x2048.png 1926w\" sizes=\"auto, (max-width: 963px) 100vw, 963px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Phoenix Mills has reported a growth of 85 per cent in its consolidated net profit during the quarter ended December 31, 2022. Its profit after tax (PAT) stood at INR 211 crore in Q3 FY23 as against INR 114 crore it registered in the corresponding quarter of the previous fiscal, the company said in [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":143277,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,11809],"tags":[11811,11810,8892],"class_list":["post-143276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-realty","tag-hotels","tag-malls","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":142075,"url":"https:\/\/alphastreet.com\/india\/phoenix-mills-limited-q3fy23-earnings-story\/","url_meta":{"origin":143276,"position":0},"title":"Phoenix Mills Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 16, 2023","format":false,"excerpt":"Phoenix Mills Ltd primarily deals with the construction of commercial & residential property and hotel business as well as the operation & management of malls in India.\u00a0 With its presence across major metropolitan cities like Bengaluru, Mumbai, Pune, Chennai, and Lucknow, it is India\u2019s largest mall owner and has an\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-1392242038.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":142585,"url":"https:\/\/alphastreet.com\/india\/uti-amc-q3fy23-net-profit-drops-by-53-per-cent\/","url_meta":{"origin":143276,"position":1},"title":"UTI AMC Q3FY23 net profit drops by 53 per cent","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"UTI Asset Management Company fell 1.65% to INR 730.15 after the asset manager reported 53% drop in consolidated net profit to INR 60 crore in Q3 FY23 from INR 127 crore in Q3 FY22. Total revenue from operations fell by 5% YoY to INR 295 crore during the quarter. Total\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":141349,"url":"https:\/\/alphastreet.com\/india\/vinati-organics-q3fy23-net-profit-soars-by-51\/","url_meta":{"origin":143276,"position":2},"title":"Vinati organics Q3FY23 net profit soars by 51%","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Vinati Organics rose 1.55% to INR 1,895 after the company's consolidated net profit surged 50.68% to INR 125.41 crore in Q3 FY23 as against INR 83.23 crore posted in Q3 FY22. Revenue from operations stood at INR 508.66 crore in the quarter ended 31 December 2022 from INR 368.95 crore\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":139061,"url":"https:\/\/alphastreet.com\/india\/syngene-reported-a-5-rise-in-its-net-profit-for-q3fy23\/","url_meta":{"origin":143276,"position":3},"title":"Syngene reported a 5% rise in its net profit for Q3FY23","author":"Chirag Gupta","date":"January 24, 2023","format":false,"excerpt":"Syngene International reported a 5.5% rise in consolidated net profit to INR 109.70 crore in Q3 FY23 as against INR104 crore posted in Q3 FY22. Revenue from operations jumped 22.5% to INR 785.90 crore in the quarter ended 31 December 2022 as compared to INR 641.40 crore recorded in Q3\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":143066,"url":"https:\/\/alphastreet.com\/india\/lic-q3fy23-net-profit-rises-to-6334-crores\/","url_meta":{"origin":143276,"position":4},"title":"LIC Q3FY23 net profit rises to 6334 crores","author":"Chirag Gupta","date":"March 1, 2023","format":false,"excerpt":"State-owned Life Insurance Corporation (LIC) reported a manifold increase in its net profit in the December quarter (Q3) of financial year 2022-23 (FY23), aided by a transfer of INR 5,670 crore from non-participatory to shareholders\u2019 accounts. Its net profit in Q3 stood at INR 6,334.19 crore, compared with INR 234.91\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":141342,"url":"https:\/\/alphastreet.com\/india\/welspun-india-q3-net-profit-declines-by-66-percent\/","url_meta":{"origin":143276,"position":5},"title":"Welspun India Q3 net profit declines by 66 percent","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Welspun India reported a 66.55 per cent decline in consolidated net at INR 43.83 crore in the third quarter ended December 2022, impacted by lower sales. The company had posted a consolidated net profit of INR 131.06 crore in the same quarter last fiscal, Welspun India said in a regulatory\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=143276"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/143277"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=143276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=143276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=143276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}