PHOENIXLTD · Realty
Phoenix Mills Ltd. reported revenue of ₹1,306 cr for January to March 2024, — on the year and +32.5% on the quarter.
Operating profit (EBITDA) was ₹627 cr, a margin of 48.0%, — on the year and −797 bps on the quarter.
Net profit was ₹392 cr, — on the year and +13.6% on the quarter, with earnings per share of ₹9.14.
Real estate revenue is booked when projects complete, so the quarterly statements lag the business; pre-sales and collections show where it actually is. The quarterly statements do not carry pre-sales, collections and launches; those come with the filing read.
On earnings per share of ₹30.76 over the last four quarters, the stock at ₹1,905.40 trades at 61.9 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹986 cr | ₹1,306 cr | ₹904 cr | ₹918 cr | ₹975 cr | ₹1,016 cr | ₹953 cr | ₹1,115 cr | ₹1,121 cr | ₹1,233 cr | ₹1,075 cr | ₹1,153 cr |
| YoY | — | — | +11% | +5% | −1% | −22% | +5% | +21% | +15% | +21% | +13% | +3% |
| EBITDA margin | 56.0% | 48.0% | 58.7% | 56.4% | 56.7% | 55.1% | 59.2% | 59.8% | 58.5% | 60.8% | 59.7% | 61.6% |
| Other income, % of PBT | 8% | 8% | 10% | 10% | 11% | 10% | 8% | 6% | 4% | 9% | 8% | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 17% | 20% | 19% | 22% | 15% | 17% | 21% | 26% | 25% | 22% | 20% | 23% |
| Net profit | ₹345 cr | ₹392 cr | ₹315 cr | ₹292 cr | ₹353 cr | ₹348 cr | ₹321 cr | ₹384 cr | ₹366 cr | ₹485 cr | ₹394 cr | ₹427 cr |
| YoY | — | — | +8% | −4% | +2% | −11% | +2% | +32% | +4% | +39% | +23% | +11% |
| Core profit YoY | — | — | +5% | −2% | −3% | −17% | +7% | +44% | +27% | +50% | +21% | +6% |
| EPS | ₹7.82 | ₹9.14 | ₹6.50 | ₹6.10 | ₹7.41 | ₹7.52 | ₹6.73 | ₹8.50 | ₹7.71 | ₹11.28 | ₹8.30 | ₹9.11 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Phoenix Mills Ltd. reported revenue of ₹1,306 cr (— on the year) and net profit of ₹392 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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