The Phoenix Mills Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PHOENIXLTD · price
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The Phoenix Mills Limited reported standalone net revenue of ₹54,394 Lakhs for FY2026, up 11.9% from ₹48,612 Lakhs in FY2025. However, standalone net profit after tax declined 19.7% to ₹27,067 Lakhs due to ₹2,949 Lakhs in exceptional impairment losses on investments in subsidiaries and associates (vs an exceptional gain of ₹4,039 Lakhs in FY2025 from land sale). On a consolidated basis, the company performed better with net revenue of ₹4,42,280 Lakhs (up 16%) and consolidated PAT of ₹1,55,661 Lakhs (up 19.6%). The Board recommended a final dividend of ₹2.50 per share (125%). Statutory auditors issued unmodified opinions on both standalone and consolidated results.
The standalone PAT decline due to impairment charges may create near-term concern, though the underlying operational performance remains solid with 12% revenue growth. The consolidated results showing 16% revenue growth and 19.6% PAT growth are positive signals for shareholders.