Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q4 FY24 and FY24 Earnings Presentation
61 slides from Phoenix Mills's earnings presentation, May 17, 2024
Slide 1: Cover letter to stock exchanges on investor presentation
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax : (022) 3001 660 CIN No. : L17100MH1905PLC000200 Date: May 17, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchang
Slide 2: The Phoenix Mills Ltd. Investor Presentation Q4 FY24 and FY24
Phoenix Mall of the Millennium , Pune The Phoenix Mills Ltd. Investor Presentation Q4 FY24 and FY24
Slide 3: Business Update, Business Performance, Financial Results, Annexure
Photo shot at location Business Update Business Performance Financial Results Annexure Phoenix MarketCity Mumbai 2
Slide 4: FY24 Retail Mall Business Overview
FY24 Retail Mall Business Overview 20%+ Growth in Consumption and Rentals Q4 FY24 and FY24 Consumption Consumption Growth Components Q4 FY24 and FY24 Rentals Rental Growth Components 10% 28% 8% 23% 7% 31% 6% 27% FY24 FY24 ~Rs. 11,344 Cr Rs. 1,660 cr Q4 FY24 Q4 FY24 ~Rs. 2,833 Cr Like-to-like Rs. 447
Slide 5: Retail Overview
Retail Overview New Malls launched Existing operational malls – high growth phase Q4 FY24 Q4 FY23 % Growth Q4 FY24 Q4 FY23 % Growth Q4 FY24 Q4 FY23 % Growth Particulars over Q4 over Q4 (Rs. cr) (Rs. cr) (Rs. cr) (Rs. cr) (Rs. cr) (Rs. cr) over Q4 FY23 FY23 FY23 Consumption 2,833 2,211 28% 2,384 2,18
Slide 6: Phoenix Citadel Indore: Performance Update
Phoenix Citadel Indore: Performance Update Ramp up in Trading Occupancy (%) 91% 91% 91% Retail GLA: ~1.00 msft Photo shot at location 89% 86% 70% 42% Dec-22* Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Apr-24 *Operations commenced on 01-Dec-22 5
Slide 7: Palladium Ahmedabad: Performance Update
Palladium Ahmedabad: Performance Update Ramp up in Trading Occupancy 86% 86% 78% 74% 60% 43% 32% Feb-23* Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Apr-24 Photo shot at location Photo shot at location *Operations commenced on 26-Feb-23 6
Slide 8: Phoenix Mall of the Millennium, Pune: Performance Update
Phoenix Mall of the Millennium, Pune: Performance Update Photo shot at location Ramp up in Trading Occupancy (%) 77% 76% 60% Photo shot at location 50% Photo shot at location 44% Sep-23* Oct-23 Dec-23 Mar-24 Apr-24 *Operations commenced on 01-Sep-23 7
Slide 9: Phoenix Mall of Asia, Bangalore: Performance Update
Phoenix Mall of Asia, Bangalore: Performance Update Photo shot at location Ramp up in Trading Occupancy (%) 67% 57% 50% 43% Oct-23* Dec-23 Mar-24 Apr-24 *Operations commenced on 27-Oct-23 88
Slide 10: Business Performance - Retail
Photo shot at location Business Update Business Performance - Retail Financial Results Annexure Phoenix Mall of Asia 9
Slide 11: FY24 Retail consumption at Rs. 11,344 cr, up by 23% over FY23
FY24 Retail consumption at Rs. 11,344 cr, up by 23% over FY23 FY24 Consumption (Rs. cr) Growth 4% 4% 5% 10% 11% 15% -3% 14% NA NA NA NA over FY23 2,224 1,871 1,618 1,464 1,136 1,047 469 460 331 293 210 221 Phoenix PMC PMC Pune PMC & PMC Mumbai Phoenix PU Lucknow PU Bareilly Phoenix Palladium Phoenix
Slide 12: Q4 FY24 Retail consumption up by 28% over Q4 FY23
Q4 FY24 Retail consumption up by 28% over Q4 FY23 Q4 FY24 Consumption (Rs. cr) Growth 1% 4% 7% 10% 11% 16% -1% 11% 87% NA NA NA over Q4 FY23 514 Strong ramp up in consumption in the 420 newly launched malls 369 339 265 256 143 153 152 112 52 58 Phoenix PMC PMC Pune PMC & PMC Mumbai Phoenix PU Luckno
Slide 13: FY24 - Consumption across entire spectrum of discretionary wallet spend
FY24 - Consumption across entire spectrum of discretionary wallet spend On a like-to-like basis Consumption Contribution Trading Area Mix Growth FY24 vs FY23 Fashion & Accessories 50% 56% 6% Electronics 12% 4% -1% Jewellery 12% 1% 23% Food & Beverages 10% 10% 9% FEC & Multiplex 4% 13% 13% Gourmet &
Slide 14: Q4 FY24 Retail Rental Income grew by 31% over Q4 FY23
Q4 FY24 Retail Rental Income grew by 31% over Q4 FY23 Q4 FY24 Q4 FY23 % growth over Name of Asset Retail Rental Income Retail Rental Income Q4 FY23 (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai* 96 97 -1% Phoenix MarketCity Bangalore 48 47 1% Phoenix MarketCity Pune 53 48 11% Phoenix MarketCity and Pal
Slide 15: Q4 FY24 Retail EBITDA grew by 25% over Q4 FY23
Q4 FY24 Retail EBITDA grew by 25% over Q4 FY23 Q4 FY24 Q4 FY23 % growth over Name of Asset Retail EBITDA Retail EBITDA Q4 FY23 (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 99 101 -2% Phoenix MarketCity Bangalore 52 49 6% Phoenix MarketCity Pune 56 52 7% Phoenix MarketCity and Palladium Chennai 54 49 1
Slide 16: FY24 Retail Rental Income grew by 26% over FY23
FY24 Retail Rental Income grew by 26% over FY23 FY24 FY23 % growth over Name of Asset Retail Rental Income Retail Rental Income FY23 (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai* 383 381 1% Phoenix MarketCity Bangalore 201 191 5% Phoenix MarketCity Pune 211 197 7% Phoenix MarketCity and Palladium Chen
Slide 17: FY24 Retail EBITDA grew by 24% over FY23
FY24 Retail EBITDA grew by 24% over FY23 FY24 FY23 % growth over Name of Asset Retail EBITDA Retail EBITDA FY23 (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 399 394 1% Phoenix MarketCity Bangalore 209 198 5% Phoenix MarketCity Pune 221 199 11% Phoenix MarketCity and Palladium Chennai 226 206 10% Phoen
Slide 18: Ramp-up in leased and trading occupancy across major malls
Ramp-up in leased and trading occupancy across major malls Leased Occupancy Trading Occupancy GLA Dec-23 Mar-24 Dec-23 Mar-24 Phoenix Palladium Mumbai ~0.87 msft 99% 99% 98% 97% Phoenix MarketCity Bangalore ~1.00 msft 98% 98% 98% 97% Phoenix MarketCity Pune ~1.20 msft 97% 98% 95% 95% Phoenix MarketC
Slide 19: Business Performance – Commercial
Indicative Render Business Update Business Performance – Commercial Financial Results Annexure Asia Towers Bangalore 18
Slide 20: Commercial office business getting stronger
Commercial office business getting stronger WALE – Above 3 Years FY24 EBITDA Growth Total Income FY24 Vs FY23 Rs. 190 Cr 13% ~5 msft 12% growth over FY23 3 Years + EBITDA Under Max tenure – Highest Ever FY24 Development 5 Years FY Income Rs. 110 Cr Industry agnostic front offices MI NTT GROUP BAJAJ
Slide 21: Office Portfolio seeing improvement in occupancy and leasing traction
Office Portfolio seeing improvement in occupancy and leasing traction Net Leasable Area Leased Gross Rent Project Name Location Area (msft) (msft) (psfpm)* Art Guild House Mumbai 0.63 0.55 117 Phoenix Paragon Plaza Mumbai 0.31 0.16 137 Fountainhead Towers Pune 0.84 0.54 92 Phoenix House Mumbai 0.09
Slide 22: Q4 FY24 Commercial Offices Income stood at Rs. 49 cr, up 13%
Q4 FY24 Commercial Offices Income stood at Rs. 49 cr, up 13% over Q4 FY23 EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio Q4 FY24 Q4 FY23 Growth (%) Q4 FY24 Q4 FY23 Growth (%) Q4 FY24 Q4 FY23 Art Guild House 21 19 7% 15 14 6% 72% 73% Phoenix Paragon Plaza 9 8
Slide 23: FY24 Commercial Offices Income stood at Rs. 190 cr, up 12%
FY24 Commercial Offices Income stood at Rs. 190 cr, up 12% over FY23 EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio FY24 FY23 Growth (%) FY24 FY23 Growth (%) FY24 FY23 Art Guild House 83 77 8% 56 51 10% 68% 66% Phoenix Paragon Plaza 33 32 4% 17 17 - 50% 54% F
Slide 24: Business Performance – Hospitality
Photo shot at location Business Update Business Performance – Hospitality Financial Results Annexure Koishii, The St. Regis, Mumbai 23
Slide 25: The St. Regis, Mumbai: Performance overview for Q4 FY24 and FY24
The St. Regis, Mumbai: Performance overview for Q4 FY24 and FY24 ARR (Rs.) RevPAR (Rs.) Occupancy Revenue Growth Components 10% 23% 11% 22% Growth Growth Growth Growth 88% 14% 14% 22% 22% Q4 FY24 83% Rooms Rooms 19,334 21,199 14,851 18,247 16,841 18,669 12,475 15,190 F&B F&B FY24 Q4 FY23 Q4 FY24 FY2
Slide 26: The St. Regis, Mumbai
The St. Regis, Mumbai Photo shot at location (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Revenue from Rooms 65 57 14% 216 176 22% Revenue from F&B and 62 57 9% 227 186 22% Banqueting Other Operating Income 16 16 3% 48 42 14% Total Income 143 129 11% 491 404 21% Operating EBITDA 69 65 7% 223
Slide 27: Courtyard by Marriott, Agra: Performance overview for Q4 FY24 and FY24
Courtyard by Marriott, Agra: Performance overview for Q4 FY24 and FY24 ARR (Rs.) RevPAR (Rs.) Occupancy Revenue Growth Components 88% 11% 10% 21% 22% Growth Growth Growth Growth 17% 24% 22% 23% Q4 FY24 78% Rooms Rooms 4,635 5,609 3,452 4,218 5,722 6,351 4,795 5,278 F&B F&B FY24 Q4 FY23 Q4 FY24 FY23
Slide 28: Courtyard by Marriott Agra
Courtyard by Marriott Agra Photo shot at location (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Revenue from Rooms 10 8 22% 29 24 22% Revenue from F&B and 8 7 15% 24 20 21% Banqueting Other Operating Income 0.7 1 -33% 2 3 -32% Total Income 18 16 15% 55 47 18% Operating EBITDA 6 4 51% 16 11 42
Slide 29: Business Performance – Residential
Indicative Render Business Update Business Performance – Residential Financial Results Annexure One Bangalore West 28
Slide 30: Residential Portfolio at Bengaluru: Leaping over FY23
Residential Portfolio at Bengaluru: Leaping over FY23 Gross bookings Collections ~50% increase in rates 566 Cr 646 Cr ~24K 466 Cr 369 Cr ~16K per sft per sft FY23 FY24 FY23 FY24 Mar-20 Mar-24 Cumulative area sold (msft) Cumulative sales value (Rs. cr)* Cumulative revenue recognized (Rs. cr) 1.92 2.1
Slide 31: Residential Portfolio: Steady traction in demand for ready units
Residential Portfolio: Steady traction in demand for ready units ✓ Sales trajectory has seen good improvement backed by strong demand and faster conversions. ✓ Gross sales of ~Rs. 566 crores in FY24, crossed gross sales of Rs. 466 crores in FY23. ✓ Collections of ~Rs. 646 crores in FY24, crossed col
Slide 32: Financial Results
Photo shot at location Business Update Business Performance Financial Results Annexure Phoenix MarketCity Pune 31
Slide 33: Q4 FY24 and FY24 Standalone P&L
Q4 FY24 and FY24 Standalone P&L (Rs. cr) Q4 FY24 Q4 FY23 YoY% FY24 FY23 YoY% Income from operations 116 123 -6% 466 477 -2% Operating EBITDA 79 80 -2% 312 320 -3% EBITDA Margin (%) 68% 65% 3 pps 67% 67% 0 pps Other income 5 10 -46% 109 64 70% Profit before tax & exceptional items 57 66 -13% 321 288
Slide 34: FY24 Standalone Balance Sheet
FY24 Standalone Balance Sheet As on As on As on As on (Rs. cr) (Rs. cr) 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 Share capital 36 36 Non-current assets 5,457 5,250 Reserves and surplus 5,023 4,819 Tangible assets + intangible assets 454 476 Sub-Total 5,059 4,855 Capital work in progress 371 198 Minor
Slide 35: Q4 FY24 and FY24 Consolidated P&L
Q4 FY24 and FY24 Consolidated P&L (Rs. cr) Q4 FY24 Q4 FY23 YoY% FY24 FY23 YoY% Income from operations 1,306 729 79% 3,978 2,638 51% Operating EBITDA 627 431 46% 2,185 1,519 44% EBITDA Margin (%) 48% 59% 55% 58% FY24 Other income 37 26 45% 132 116 14% EBITDA 44% Profit before tax & exceptional items
Slide 36: FY24 Consolidated Balance Sheet
FY24 Consolidated Balance Sheet As on As on As on As on (Rs. cr) (Rs. cr) 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 Share capital 36 36 Non-current assets 15,691 14,071 Reserves and surplus 9,422 8,344 Tangible assets + intangible assets 13,111 10,964 Sub-Total 9,458 8,380 Capital work in progress 1,5
Slide 37: Debt Profile as on 31st March 2024
Debt Profile as on 31st March 2024 ➢ Average cost of debt in March-2024 stood Effective cost of debt (%) at 8.81% ➢ Lowest rate on borrowing was at 8.50% 9.19% 8.74% 8.81% 8.17% Spread: Asset Class Rs. cr 7.30% 231 bps Spread: 479 bps Retail 3,804 6.50% 6.50% Hospitality 325 Commercial 238 4.40% 4.0
Slide 38: PML Consolidated Cashflow – FY24
PML Consolidated Cashflow – FY24 Particulars Amount (Rs. cr) Cash Flow from Operating Activities Operating cash flow before changes in Working Capital 2,183 Add: Changes in working capital 295 Less: Tax Paid -317 Net Cash Generated from Operations (A) 2,162 Cash Flow from Investing Activities Capita
Slide 39: Strong operating cash flow in FY24
Strong operating cash flow in FY24 FY23 FY24 % Change Amount in Rs. cr Net cash from operating 1,770 2,162 + 22% activities Less: Interest paid -367 -381 + 4% Operating free cash flow 1,404 1,781 + 27% 38
Slide 40: Group-level Debt and Cash position as on 31st March 2024
Group-level Debt and Cash position as on 31st March 2024 vs. 31st March 2023 31-Mar-23 31-Mar-24 Change Amount Rs. cr Liquidity (Bank balance + 1,755 2,209 + 454 Investments + DSRA)*^ Gross Debt 4,037 4,366 + 329 Net Debt 2,282 2,157 - 125 *Does not include amount available in overdraft accounts ^ I
Slide 41: PML-level Debt and Cash position as on 31st March 2024
PML-level Debt and Cash position as on 31st March 2024 vs. 31st March 2023 31-Mar-23 31-Mar-24 Change Amount Rs. cr Liquidity (Bank balance + 1,299 1,722 + 423 Investments + DSRA)*^ Gross Debt 3,079 3,281 + 203 Net Debt 1,780 1,560 - 220 *Does not include amount available in overdraft accounts ^ Inc
Slide 42: Acquisition of 6.56 acre land at Whitefield, Bangalore
Acquisition of 6.56 acre land at Whitefield, Bangalore Currently under planning and design stage PML-CPP JV acquired ~6.6 acres of prime land parcel Land cost of ~Rs. 230 cr* Located adjacent to the currently operational retail asset Phoenix MarketCity Bangalore. *includes stamp duty and registratio
Slide 43: Charting Growth Roadmap: 2027 and beyond
Charting Growth Roadmap: 2027 and beyond Segments 2023 2027 Retail ~11 msft >14 msft Commercial Offices ~3.0 msft* >7 msft Hotels ~588 keys ~988 keys Residential ~3.5 msft ~4.5 msft Portfolio visibility beyond 2027: Recent land parcels acquired in Thane and Bengaluru under planning and design stage.
Slide 44: Sustainability Updates: Goals for the future
Sustainability Updates Goals for the future 50% 70%+ 100% of the portfolio of portfolio’s energy New buildings to to be USGBC LEED requirement estimated to be be USGBC LEED met by using renewable Certified certified by 2027 energy by 2027 43 43
Slide 45: Sustainability Updates: Progress in FY24 – USGBC LEED Certification
Sustainability Updates Progress in FY24 – USGBC LEED Certification USGBC LEED Certification FY2023 FY2024 ~1 msft ~3.4 msft Phoenix Citadel Phoenix Citadel Phoenix Mall of Asia Phoenix Mall of the Millennium USGBC LEED Pre-Certification FY2023 FY2024 ~1.1 msft ~1.5 msft Project Rise, Mumbai Project
Slide 46: Annexure
Photo shot at location Business Update Business Performance Financial Results Annexure Phoenix Palassio Lucknow 45
Slide 47: Phoenix Palladium Mumbai
Phoenix Palladium Mumbai (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 96 97 -1% 383 381 1% CAM & Others 19 19 4% 76 74 3% Total Income 115 115 0% 459 455 1% Asset EBITDA 99 101 -2% 399 394 1% Asset EBIDTA Margin 103% 104% -1 pps 104% 103% 3 pps as % of Rental PML Standalone EBITDA 79
Slide 48: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 48 47 1% 201 191 5% CAM & Others 19 16 20% 72 64 12% Total Income 67 63 6% 273 256 7% Asset EBITDA 52 49 6% 209 198 5% Asset EBIDTA Margin 108% 103% 5 pps 104% 104% 0 pps as % of Rental Mall Rental Rate 166 160
Slide 49: Phoenix MarketCity Pune
Phoenix MarketCity Pune (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 53 48 11% 211 197 7% CAM & Others 22 19 17% 84 76 11% Total Income 75 67 13% 295 273 8% Asset EBITDA 56 52 7% 221 199 11% Asset EBIDTA Margin 105% 109% -4 pps 105% 101% 4 pps as % of Rental Mall Rental Rate 147 148 -
Slide 50: Phoenix MarketCity & Palladium Chennai
Phoenix MarketCity & Palladium Chennai (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 54 47 15% 212 193 10% CAM & Others 20 20 0% 94 85 10% Total Income 74 67 11% 306 278 10% Asset EBITDA 54 49 11% 226 206 10% Asset EBIDTA Margin 100% 103% -3pps 106% 107% -1pps as % of Rental Mall Renta
Slide 51: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 43 37 17% 165 147 12% CAM & Others 18 17 8% 72 68 7% Total Income 61 54 14% 237 215 11% Asset EBITDA 46 39 16% 166 146 13% Asset EBIDTA Margin 106% 107% -1 pps 100% 99% 1 pps as % of Rental Mall Rental Rate 124 111
Slide 52: Phoenix Palassio Lucknow
Phoenix Palassio Lucknow (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 35 31 12% 133 120 10% CAM & Others 11 12 0% 52 50 4% Total Income 46 42 9% 185 170 9% Asset EBITDA 35 30 17% 138 122 13% Asset EBIDTA Margin 102% 97% 5 pps 104% 101% 3 pps as % of Rental Mall Rental Rate 129 120 8%
Slide 53: Phoenix United Lucknow
Phoenix United Lucknow (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 8 9 -3% 34 36 -5% CAM & Others 4 4 -6% 17 17 1% Total Income 12 13 -4% 51 53 -3% Asset EBITDA 8 8 -6% 32 34 -7% Asset EBIDTA Margin 93% 95% -2 pps 92% 94% -2 pps as % of Rental Mall Rental Rate 91 86 6% 89 86 3% (Rs.
Slide 54: Phoenix United Bareilly
Phoenix United Bareilly (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 7 6 18% 25 24 5% CAM & Others 3 3 -18% 13 12 3% Total Income 9 9 5% 38 37 4% Asset EBITDA 7 6 12% 26 25 1% Asset EBIDTA Margin 107% 111% 4 pps 101% 104% -3 pps as % of Rental Mall Rental Rate 72 67 7% 70 66 6% (Rs. p
Slide 55: Phoenix Citadel Indore
Phoenix Citadel Indore (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 19 16 17% 89 19 NC CAM & Others 9 9 0% 45 11 NC Total Income 28 25 11% 134 30 NC Asset EBITDA 19 15 26% 85 17 NC Asset EBIDTA Margin as 101% 94% 7 pps 95% 91% NC % of Rental Mall Rental Rate 74 79 -6% 79 79 NC (Rs. ps
Slide 56: Phoenix Palladium Ahmedabad
Phoenix Palladium Ahmedabad (Rs. cr) Q4 FY24 Q4 FY23 % growth FY24 FY23 % growth Rental 21 3 NC 85 3 NC CAM & Others 3 3 NC 38 3 NC Total Income 24 6 NC 123 6 NC Asset EBITDA 16 2 NC 67 2 NC Asset EBIDTA Margin as % of 76% 55% NC 79% 55% NC Rental Mall Rental Rate (Rs. pspm) 110 92 NC 130 92** NC Ma
Slide 57: Phoenix Mall of the Millennium
Phoenix Mall of the Millennium (Rs. cr) Q4 FY24 FY24 Rental 31 65 CAM & Others 14 30 Total Income 46 95 Asset EBITDA 29 56 Asset EBIDTA Margin 94% 86% as % of Rental Mall Rental Rate 133 134 (Rs. pspm) Mall Consumption 153 331 (Rs. cr) Mall Trading Density 1,011 1,074 (Rs. pspm) Mall Trading Occupan
Slide 58: Phoenix Mall of Asia
Phoenix Mall of Asia (Rs. cr) Q4 FY24 FY24 Rental 33 56 CAM & Others 16 26 Total Income 48 82 Asset EBITDA 28 49 Asset EBIDTA Margin 85% 87% as % of Rental Mall Rental Rate 160 171 (Rs. pspm) Mall Consumption 152 293 (Rs. cr) Mall Trading Density 1,165 1,196 (Rs. pspm) Mall Trading Occupancy 55% 53%
Slide 59: Gross Debt across Subsidiaries as on 31st March 2024
Gross Debt across Subsidiaries as on 31st March 2024 Asset Type SPV Asset Name PML Ownership (%) Q3 FY24 (Rs. Cr) Q4 FY24 (Rs. Cr) The Phoenix Mills Ltd. (Standalone) Phoenix Palladium, Mumbai 100.0% 631 724 Classic Mall Development Phoenix MarketCity, Chennai 100.0% 407 403 Vamona Developers Phoeni
Slide 60: The Phoenix Mills Limited: Follow us for updates
The Phoenix Mills Limited: Follow us for updates Asset Instagram handle Link Retail Phoenix Palladium Mumbai phoenixpalladium https://www.instagram.com/phoenixpalladium/ PMC Kurla marketcitykurla https://www.instagram.com/marketcitykurla/ Phoenix Palassio Lucknow phoenixpalassio https://www.instagra
Slide 61: Thank you
Thank you Varun Parwal Bhavesh Gada Email: varun.p@phoenixmills.com Email: bhavesh.gada@phoenixmills.com Madhurima Kane Email: madhurima.kane@phoenixmills.com Website: https://www.thephoenixmills.com/investors 60
The Phoenix Mills — Q4 FY24 and FY24 Earnings Presentation on 6ix