Phoenix Mills July-September web revenue Rs 185.8 crore, up 212% on 12 months

The , retail-led mixed-use asset developer and operator, has reported over 212% on-year leap in consolidated web revenue at Rs 185.8 crore for the quarter ended September. Earnings from operations for the quarter rose 75% from a 12 months in the past to Rs 651.1 crore.

Earnings from retail operations for the quarter rose 95% to Rs 456 crore, whereas earnings from residential enterprise noticed 5% decline to Rs 57.9 crore. Complete earnings from workplace enterprise rose 3% to Rs 43.5 crore, the corporate mentioned in a regulatory submitting.

The corporate’s working revenue for the quarter rose 104% from a 12 months in the past to Rs 380.9 crore.

In keeping with the corporate, sturdy leasing traction continues through the year-to-date October 2022, with gross leasing of practically 2 lakh sq ft over this era, of which round 1.3 lakh sq ft is new

70,000 sq ft is renewal leasing.

As at September finish, the corporate’s consolidated gross debt stood at Rs 4,263.6 crore with common price of borrowing at 7.89%.