Phoenix Mills Declares Positive Financial Results for Q1 FY25, Stock Call 'Hold' According to MarketsMOJO

Phoenix Mills, a leading real estate company in the largecap industry, has recently declared its financial results for the quarter ending June 2024. According to MarketsMOJO, a financial analysis platform, the stock call for Phoenix Mills is ‘Hold’.

The company has shown positive financial performance in the quarter, with a score of 11 compared to 30 in the previous 3 months. This is a result of their efforts to reduce debt and improve their debtors turnover ratio. In fact, their debt-equity ratio for the half-yearly period is the lowest it has been in the last five years.

However, there are some areas that need improvement. The profit after tax (PAT) for the quarter has fallen by 15.2% compared to the average of the previous four quarters. The net sales and profit before tax (PBT) have also shown a decline, indicating a negative trend in the near term. The earnings per share (EPS) for the quarter is the lowest it has been in the last five quarters, which could be a cause for concern for shareholders.

On a positive note, the company has seen an increase in non-operating income, which could be attributed to non-business activities. However, it is uncertain if this trend will continue in the future.

Overall, Phoenix Mills has shown a mixed performance in the quarter ending June 2024. While there are some areas that need improvement, the company has also made significant progress in reducing debt and improving their debtors turnover ratio. Investors are advised to hold their stocks and keep an eye on the company’s future financial results.