Phoenix Mills Q1 Results: Profit Up 4%, Revenue Rises

The Phoenix Mills Ltd.'s consolidated net profit rose 3.5% in the first quarter of financial year 2026.

The company posted a profit of Rs 240.7 crore in the April–June period, as compared to Rs 232.5 crore in the same period last year, according to an exchange filing on Thursday.

• Revenue rises 5.4% to Rs 953 crore versus Rs 904 crore.

• Net profit up 3.5% at Rs 241 crore versus Rs 233 crore.

• Ebitda grows 6.3% to Rs 564 crore versus Rs 531 crore.

• Margin at 59.2% versus 58.7%.

The company has appointed Rajesh Kulkarni as a whole-time director for five years.

The revenue for property and related services rose 4% to Rs 764 crore from Rs 734 crore in the year ago period. Hospitality services saw an 11% growth in revenue to Rs 155.5 crore from Rs 139.97 crore. Residential business reported a robust revenue growth of 34% to Rs 427.4 crore from Rs 319 crore in the same quarter last year.

Shares of Phoenix Mills closed 0.39% lower at Rs 1,448.1 apiece on the National Stock Exchange before the announcement, compared to a 0.63% decline in the benchmark Nifty. The share price has fallen 11.38% in the last 12 months and 18.77% on a year-to-date basis.