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Last Updated : Jan 27, 2011 10:42 AM IST | Source: CNBC-TV18

Phoenix Mills Q3 net profit seen up at Rs 22.8 cr

Phoenix Mills is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 22.8 crore as against Rs 22.1 crore (QoQ).

 
 
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Phoenix Mills is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 22.8 crore as against Rs 22.1 crore (QoQ).


Revenues are seen going up at Rs 48.07 crore in December quarter versus Rs 44.3 crore in previous quarter. Earning before interest, depreciation, tax and amortisation (EBIDTA) too is likely to go up at Rs 34.07 crore from Rs 31.7 crore (QoQ).


Expectations
* Sales to higher led by contributions from High Street Phoenix (HSP)
* Palladium at High Street Phoenix in Lower Parel is now fully operational with latest lease transactions concluded at rentals of Rs280-300psf/month (minimum guarantee)
* Has started monetizing part of its commercial projects at Market City Kurla and Pune
* Sold 0.3msf in Pune at average realization of Rs 6000/sf
* Incremental leasing of Market City projects is a key monitorable



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First Published on Jan 27, 2011 10:41 am
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