Phoenix Mills Ltd Q3 2022 Earnings Call Transcript - Thomson StreetEvents

Phoenix Mills Ltd Q3 2022 Earnings Call Transcript

Phoenix Mills Ltd Q3 2022 Earnings Call Transcript - Thomson StreetEvents
Phoenix Mills Ltd Q3 2022 Earnings Call Transcript
Published Feb 08, 2022
21 pages (10855 words) — Published Feb 08, 2022
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About This Report

  
Abstract:

Edited Transcript of PHOE.NS earnings conference call or presentation 8-Feb-22 6:00am GMT

  
Brief Excerpt:

...Operator Ladies and gentlemen, good day, and welcome to the Q3 and 9 months FY '22 Results Conference Call of the Phoenix Mills Limited. (Operator Instructions) Management of the company has been represented by Mr. Shishir Shrivastava, Managing Director; Mr. Anuraag Srivastava, Group CFO; Mr. Varun Parwal, Deputy CFO; and Mr. Pawan Kakumanu, Deputy CFO. (Operator Instructions) Please note that this conference is being recorded. At this time, I would like to hand over the conference to Mr. Shishir Shrivastava. Thank you, and over to you, sir. Shishir Ashok Shrivastava ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Phoenix Mills Ltd
Ticker
PHOE.NS
Time
6:00am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Congratulations on good numbers turning back to normal seniority. My first question is you talked about your leasing of the new upcoming malls reaching almost 50%. Is it still LOI? Or is it the commitment number? How should I read this?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Okay, security deposits received. Okay.

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : So even with Bangalore, Pune, they are 50% committed number with security deposit received already?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Okay, by March, okay. And Ahmedabad, you said about another 85%?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : 85% already received securities?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Okay. Okay. That's very good. Secondly is how -- is there any thought from retailers or any push from retailers to renegotiate renters during the Omicron impact?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Okay. Okay. That's interesting. And...

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Understood. So now you're saying that by February, things have returned back to normal in terms of consumption, trading, et cetera?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Okay. Okay. That's good. The last one is on if you've been able to conclude your discussions with cinemas and food court. Any comments there?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : No. So will they come back to normalcy from 4Q or is it going to be 1Q in terms of rental contracts and all?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : 10% above FY 20 -- Q3 FY '20?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Yes, okay, okay. So I would presume...

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Okay. That's good. So despite the fact that actually in many places, they were still 10% to 20% lower or at an average 11% lower on consumption in Q3 FY '22 versus Q3 FY '20, cinema was higher and food court was higher but...

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Very interesting. So is it fair to assume that 4Q FY '22, which is the current quarter and next quarter, the cinemas will be back to their normal run rate in terms of paying rents, et cetera?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Yes. No, no. What I mean to say is there is no concessional deal given to them before that is better.

Table Of Contents

Phoenix Mills Ltd Q1 2024 Earnings Call Transcript – 2023-08-09 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 9-Aug-23 6:00am GMT

Phoenix Mills Ltd Q4 2023 Earnings Call Transcript – 2023-05-25 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 25-May-23 6:00am GMT

Phoenix Mills Ltd Q3 2023 Earnings Call Transcript – 2023-02-08 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 8-Feb-23 6:30am GMT

Phoenix Mills Ltd Q1 2023 Earnings Call Transcript – 2022-08-12 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 12-Aug-22 6:30am GMT

Phoenix Mills Ltd Q4 2022 Earnings Call Transcript – 2022-05-25 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 25-May-22 5:30am GMT

Phoenix Mills Ltd Q2 2022 Earnings Call Transcript – 2021-11-02 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 2-Nov-21 6:30am GMT

Phoenix Mills Ltd Q1 2022 Earnings Call Transcript – 2021-08-07 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 7-Aug-21 6:30am GMT

Phoenix Mills Ltd Q4 2021 Earnings Call Transcript – 2021-05-29 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 29-May-21 6:30am GMT

Phoenix Mills Ltd Q3 2021 Earnings Call Transcript – 2021-02-13 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 13-Feb-21 6:00am GMT

Phoenix Mills Ltd Q2 2021 Earnings Call Transcript – 2020-11-13 – US$ 54.00 – Edited Transcript of PHOE.NS earnings conference call or presentation 13-Nov-20 6:00am GMT

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MLA:
Thomson StreetEvents. "Phoenix Mills Ltd Q3 2022 Earnings Call Transcript" Feb 08, 2022. Alacra Store. May 04, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Phoenix-Mills-Ltd-Earnings-Call-T15108720>
  
APA:
Thomson StreetEvents. (2022). Phoenix Mills Ltd Q3 2022 Earnings Call Transcript Feb 08, 2022. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Phoenix-Mills-Ltd-Earnings-Call-T15108720>
  
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