Add Phoenix Mills, target price Rs 1638: ICICI Securities

ICICI Securities has add call on Phoenix Mills with a target price of Rs 1638. The current market price of Phoenix Mills Ltd. is Rs 1538.25.

Phoenix Mills Ltd., incorporated in the year 1905, is a Mid Cap company (having a market cap of Rs 27354.96 Crore) operating in Real Estate sector.

Phoenix Mills Ltd. key Products/Revenue Segments include Licence Fees, Service Charges and Others for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 683.50 Crore, up 14.33 % from last quarter Total Income of Rs 597.84 Crore and up 76.52 % from last year same quarter Total Income of Rs 387.22 Crore. Company reported net profit after tax of Rs 221.90 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 47.33 per cent stake in the company as of 31-Mar-2022, while FIIs owned 30.69 per cent, DIIs 17.45 per cent.