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The Phoenix Mills Q1 PAT to Rs. 4.7 cr: ICICI Direct

Net Sales are expected to increase by 50.8 percent Y-o-Y (down 47.4 percent Q-o-Q) to Rs. 203.1 crore, according to ICICI Direct.

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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Real Estate sector. The brokerage house expects The Phoenix Mills to report net profit at Rs. 4.7 crore (down 92.9% quarter-on-quarter).

Net Sales are expected to increase by 50.8 percent Y-o-Y (down 47.4 percent Q-o-Q) to Rs. 203.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 42.4 percent Y-o-Y (down 42.3 percent Q-o-Q) to Rs. 100.1 crore.

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