Phoenix Mills Q1 Results: Profit Up 4%, Revenue Rises
The real estate company has appointed Rajesh Kulkarni as a whole-time director for five years.
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.
Phoenix Mills Q1 FY26 Highlights (Consolidated, YoY)
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.
Performance Across Segments
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.
Share Price
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.
