India's Phoenix Mills falls after Q4 profit drops

The Phoenix Mills

02/05/2025 07:51

** Shares of Phoenix Mills PHOE.NS fall 7.6% to 1,538.20 rupees

** Real estate developer's Q4 profit drops 17.7% Y/Y, revenue down 22.2%

** Revenue from residential business slumps 78.8% Y/Y, while property-related services segment and hospitality services segment revenue rose 8.6% and 8.3%, respectively

** Trading vols at 1.4 mln shares, 2x the 30-day average

** PHOE down ~6% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))