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Covid-19 to dent mall revenues this fiscal: Crisil

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₹4,200 crore and cover 7.5 million square feet (msf), with pan-India presence. These have strong sponsors and high debt service coverage ratio (DSCR) of 1.5 times on average.

Hence, notwithstanding pressure on revenues, impact on credit quality of CRISIL rated malls is expected to be limited in near term," analysts at Crisil said in research note on Wednesday.Multiplexes, food courts, restaurants and gaming zones that contribute to roughly 22% of the total revenues at malls, are yet to open in malls across the country.For instance, Maharashtra had allowed malls to open but barred entry of visitors in cinema halls and food courts to ensure social distancing.

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