The Phoenix Mills Limited has informed the Exchange about Transcript
PHOENIXLTD · price
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Phoenix Mills shared detailed Q4 & FY25 results and strategic updates. Core businesses (retail, offices, hotels) grew 16% YoY in revenue to Rs. 3,507 crores with EBITDA of Rs. 2,111 crores, but consolidated revenue dipped 4% to Rs. 3,814 crores due to moderation in residential sales. Retailer sales across malls surged 21% to Rs. 13,750 crores, and retail EBITDA crossed Rs. 2,000 crores (up 20%). The company secured additional FSI of ~136,000 sq meters at Lower Parel for ~Rs. 586 crores and unveiled 'Phoenix Vision 2030' targeting retail leasable area expansion from 11.5 million to over 18 million sq ft. CFO highlighted gross debt stable at Rs. 4,400 crores, net debt/EBITDA at 1.2x, and cost of debt falling from 9.2% to 8.5%.
Strong core retail momentum, a visible office leasing pipeline of 1.2-1.4 million sq ft, and disciplined balance sheet support long-term growth, though near-term residential softness and mall revamp-driven occupancy dips may keep consolidated numbers range-bound. April 2025 retailer sales up 14% YoY signal continued demand strength.