Phoenix Mills Q4 FY24 Net Profit Rises 32.61%

20 May 2024 CW Team

Phoenix Mills, a leading real estate company, has announced a significant 32.61% increase in net profit for the fourth quarter of fiscal year 2024. This growth highlights the company's strong financial performance amidst ongoing market dynamics and economic conditions.

Despite challenges posed by the economic environment, Phoenix Mills has continued to strengthen its position in the real estate sector. The company's focus on enhancing operational capabilities and optimising asset utilisation has contributed to sustained revenue growth and profitability.

Phoenix Mills remains optimistic about future prospects, citing ongoing developments in its pipeline and strategic expansion initiatives. The company's commitment to innovation and customer-centric offerings underscores its resilience and ability to capitalise on emerging opportunities in the real estate market.

Investors and analysts have welcomed Phoenix Mills' robust financial performance, viewing it as a reflection of effective management strategies and prudent financial stewardship in navigating market uncertainties. As the company looks ahead, stakeholders anticipate continued growth momentum and value creation across its business segments.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..