Earnings Review
Phoenix Mills Q2 consol PAT, sales up in double digits on yr
This story was originally published at 19:36 IST on 31 October 2025
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--Phoenix Mills Jul-Sept consol net profit INR 3.04 bln
--Analysts saw Phoenix Mills consol net profit at INR 3.10 bln
--Phoenix Mills Jul-Sept consol revenue INR 11.15 bln
--Analysts saw Phoenix Mills consol revenue at INR 10.30 bln
--Phoenix Mills Jul-Sept consol PAT INR 3.04 bln vs INR 2.18 bln year ago
--Phoenix Mills Jul-Sept consol revenue INR 11.15 bln vs INR 9.18 bln yr ago
--Phoenix Mills Apr-Sept consol PAT INR 5.45 bln vs INR 4.51 bln year ago
--Phoenix Mills Apr-Sept consol revenue INR 20.68 bln vs INR 18.22 bln yr ago
--Phoenix Mills Q2 consol operating EBITDA INR 6.67 bln vs INR 5.18 bln
--Phoenix Mills Jul-Sept consol EBITDA margin 60% vs 56% year ago
--Phoenix Mills Q2 retail consumption INR 37.50 bln, up 14% on year
--Phoenix Mills Q2 consol property, svcs sales INR 7.97 bln, up 10% on year
--Phoenix Mills Q2 consol hospitality svcs sales INR 1.52 bln, up 0.6% on yr
--Phoenix Mills Q2 consol residential revenue INR 1.75 bln vs INR 480.29 mln
By Arundathi A R
MUMBAI – The Phoenix Mills Ltd. Friday posted a robust double-digit rise in consolidated net profit for the September quarter, supported by strong two-digit sales growth while its expenses rose only in single digit. The top line met the Street's expectation but the bottom line was slightly lower than estimates.
The real estate developer reported a consolidated net profit of INR 3.04 billion for the September quarter, up almost 40% on year and over 26% sequentially. This was marginally lower than the INR 3.10 billion analysts had expected. The company's net sales rose nearly 22% on year and 17% sequentially to INR 11.15 billion, higher than the INR 10.30 billion analysts had expected.
Phoenix Mills reported property and related services sales of INR 7.97 billion, up 10% on year. It reported hospitality services revenues of INR 1.52 billion, up marginally on year.
The company said its residential revenue for the September quarter was INR 1.75 billion, up over 260% from a year ago. Retail consumption for the September quarter was INR 37.50 billion, up 14% on year and retail rental income was INR 5.27 billion, up 10% on year. The real estate developer's operating earnings before interest, tax, depreciation, and amortisation for the quarter was INR 6.67 billion. The EBITDA margin was 60%, higher than 56% in the year-ago quarter.
Phoenix Mills said its retail rental income had risen 10% on year across all its properties in the September quarter to INR 5.27 billion. The company's gross sales of residential units rose to INR 1.39 billion in the latest quarter.
On Friday, shares of the company ended nearly 1% lower at INR 1,690.10 on the National Stock exchange. The company announced its financial results after market hours. End
Edited by Avishek Dutta
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