The Phoenix Mills Q1 PAT seen up 48% YoY to Rs. 88.4 cr: ICICI Direct

Net Sales are expected to increase by 24.9 percent Y-o-Y (down 28.7 percent Q-o-Q) to Rs. 516 crore, according to ICICI Direct.

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the Real Estate sector. The brokerage house expects The Phoenix Mills to report net profit at Rs. 88.4 crore up 48% year-on-year (down 61.3% quarter-on-quarter)

Net Sales are expected to increase by 24.9 percent Y-o-Y (down 28.7 percent Q-o-Q) to Rs. 516 crore, according to ICICI Direct.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.2 percent Y-o-Y (down 32.6 percent Q-o-Q) to Rs. 254.4 crore.

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