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#376 Daily Money Show
Original: # 376 Daily Money Show | Money Purse Stock Market News
Takeaway
Phoenix Mills delivered a stunning swing from loss to Rs 752 cr profit on property segment strength.
Summary
- Nifty +39 to 17,698; Sensex around 59,462; midcap -0.50%, smallcap +0.11%
- ESAF Small Finance Bank: 82.8 lakh shares large trade at Rs 630 each
- Phoenix Mills strong quarterly results: operating revenue +181%, EBITDA +324% growth; from Rs 34.8 cr loss YoY to Rs 752 cr profit; sequential growth from Rs 117 cr to Rs 745 cr
- Property and related services segment: revenue +94%, EBITDA +98%, PAT Rs 166.85 cr vs Rs 38.56 prior; full firm PAT Rs 894 cr (prior) vs Rs 702 cr
- Viewer question on safety mechanism if a mutual fund AMC defaults - protection by SEBI mechanisms
Phoenix MillsESAFproperty
Original description
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