The Phoenix Mills Limited has informed the Exchange regarding 'Presentation made to the Shareholders at the 120th Annual General Meeting.'.
PHOENIXLTD · price
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Phoenix Mills shared its 120th AGM presentation highlighting strong FY25 results. Core business (Retail, Offices, Hotels) revenue rose 16% YoY to Rs. 3,507 cr with operating EBITDA up 16% at Rs. 2,111 cr. Retail rental income grew 18% to Rs. 1,951 cr and retail EBITDA jumped 20% to Rs. 2,010 cr, supported by retailer sales of Rs. 13,750 cr (up 21%). The commercial office portfolio delivered Rs. 210 cr income (up 10%) while St. Regis Mumbai posted Rs. 523 cr operating income (up 7%). Management outlined a multi-year growth roadmap targeting retail GLA of >18 msft by 2030 (from ~11 msft now), office GLA of ~9 msft, ~2,188 hotel keys, and ~7 msft residential area. Net debt has come down to Rs. 2,707 cr (Mar-25) from Rs. 3,922 cr (Mar-18), with net debt-to-EBITDA at a comfortable ~2.8x.
The presentation reinforces a steady growth and deleveraging story, with expanding margins in the core retail business and a clear pipeline of upcoming malls, offices, and hotels likely to support future earnings growth — broadly positive for shareholders.