The Phoenix Mills Q4 PAT may dip 10.8% YoY to Rs. 82.5 cr: ICICI Direct

Net Sales are expected to increase by 7.4 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 469.1 crore, according to ICICI Direct.

ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Real Estate sector. The brokerage house expects The Phoenix Mills to report net profit at Rs. 82.5 crore down 10.8% year-on-year (up 16.5% quarter-on-quarter).

Net Sales are expected to increase by 7.4 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 469.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.9 percent Y-o-Y (up 7.7 percent Q-o-Q) to Rs. 239.7 crore.

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