Phoenix Mills' Q2 FY 2025-26 Quarterly Results

Result Summary

• Phoenix Mills Ltd reported a 16.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.0%.
• Its expenses for the quarter were up by 9.4% QoQ and 8.7% YoY.
• The net profit increased 19.7% QoQ and increased 31.5% YoY.
• The earnings per share (EPS) of Phoenix Mills Ltd stood at 8.5 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Phoenix Mills Ltd is primarily engaged in the business of developing, owning, and operating large format retail-led mixed-use properties. The company is recognized as a leader in the retail sector within India and operates several high-profile shopping malls, commercial centers, and hospitality projects. As of the most recent data, Phoenix Mills Ltd continues its focus on expanding its retail footprint across key urban centers, leveraging opportunities in the growing consumer market within the region. The company might have engaged in recent developments such as new mall launches or expansions, although specific details are not available from the provided data. Phoenix Mills Ltd operates within the real estate sector, with a strong emphasis on the retail domain.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Phoenix Mills Ltd reported a total income of ₹1146.21 crores, showing a substantial increase of 16.4% from the previous quarter (Q1FY26), where the total income was ₹984.50 crores. Compared to the same quarter of the previous year (Q2FY25), the total income increased by 20.0% from ₹955.06 crores. These figures indicate a consistent growth trajectory in the company's revenue over both the quarter-on-quarter (QoQ) and year-over-year (YoY) periods. The company's ability to enhance its revenue base reflects its operational strategies in capturing market demand and potentially expanding its retail offerings across its properties.

Profitability

Phoenix Mills Ltd's profitability metrics for Q2FY26 exhibit a favorable performance compared to the prior periods. The profit before tax (PBT) for Q2FY26 was ₹514.54 crores, which represents a QoQ increase of 26.4% from ₹407.21 crores in Q1FY26. On a YoY basis, PBT grew by 37.5% from ₹374.15 crores in Q2FY25. The profit after tax (PAT) for the same period was ₹384.09 crores, marking a 19.7% increase from the previous quarter's ₹320.86 crores and a 31.5% increase from ₹292.16 crores in the corresponding quarter of the previous year. The tax expense for Q2FY26 was ₹131.70 crores, which saw a significant rise of 50.9% QoQ and 57.7% YoY. The earnings per share (EPS) for Q2FY26 stood at ₹8.50, reflecting a QoQ growth of 26.3% and a YoY growth of 4.0%. These figures suggest that the company has maintained its profitability amidst a rise in tax expenses.

Operating Metrics

The operating metrics of Phoenix Mills Ltd, as reflected in the financial data for Q2FY26, show a total expense of ₹631.68 crores. This represents an increase of 9.4% from the previous quarter's total expenses of ₹577.30 crores. Compared to Q2FY25, total expenses increased by 8.7% from ₹580.92 crores. The trends in expenses are aligned with the company's revenue growth, indicating effective cost management to support its operational expansion. The consistent rise in expenses in conjunction with the revenue growth suggests operational scaling. However, the specific details regarding operational improvements or strategic initiatives undertaken during this period are not detailed in the provided data.