Retail collections rose 30% to Rs 700 crore, while rental income from retail grew 33% to Rs 447 crore. Operating profit in retail business increased 27% to over Rs 435 crore. The companys malls are operating at life-time high leased occupancy and trading levels.
The company witnessed like-to-like (LTL) consumption growth of 10% in the first half of the current financial year, and brokerage ICICI Securities expects the company to achieve a 17% CAGR growth in rental income over FY20-25, resulting in Rs 22.4 billion of rental income in FY25E versus Rs 10.3 billion in FY20.
Indian equity benchmarks were trading on a flat note in early deals today. The 30-share BSE Sensex fell 22 points to 66,260 and Nifty stood flat at 19,751.Here s a look at stocks that are buzzing in action today.
Hot stocks today: Indian equity benchmarks were trading lower today. The 30-share BSE Sensex fell 413 points to 65,994 and Nifty lost 117 pts to 19,676. Here s a look at stocks buzzing in action today.