The Phoenix Mills Limited has informed the Exchange about Business Update - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
PHOENIXLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Phoenix Mills shared its operational performance for Q4 FY25 and full year FY25. Retail consumption across operational malls grew 15% YoY in Q4 to ~Rs. 3,262 cr, and 21% YoY for the full year to ~Rs. 13,762 cr (7% on a like-to-like basis). In commercial offices, ~1.90 lakh sq. ft. of gross leasing was completed in FY25, with occupancy at 66% across Mumbai and Pune (Vimannagar) assets, and new occupation certificates received for Phoenix Asia Towers (Bangalore) and Tower 3 of Millenium Towers (Pune). Hospitality performed strongly: The St. Regis Mumbai posted Q4 RevPAR of Rs. 21,541 (up 15%) on 92% occupancy, and Courtyard by Marriott Agra saw RevPAR rise 9% to Rs. 6,105. Residential segment reported FY25 gross sales of ~Rs. 212 cr with collections of ~Rs. 219 cr. Numbers are indicative and unaudited.
Strong, broad-based growth across retail, hospitality and commercial leasing signals healthy demand and improving asset performance, likely to be viewed positively by investors. The note that actual audited numbers could differ materially tempers any near-term reaction.