 "At present, Mumbai-based Phoenix Mills is the largest owner of malls, with an area of six million sq ft, while Blackstone is between four and five million sq ft")
Phoenix Mills seems to be firing on all cylinders. Besides 30 per cent jump in its net profit at Rs 91.85 crore in Q3FY20, the company is doing well on several business metrics.
While it had a muted H1FY20 performance with consumption growth of just 3 per cent across its malls, last quarter it saw consumption growth of 10 per cent (year-on year) YoY and rental income growth of 8 per cent. Investors are also cheering the performance of the company. On February 25, the stock of Phoenix Mills hit an all-time high of Rs 980. The stock has jumped
