Phoenix Mills Q1 profit surges 23% on higher revenue and strong operating growth

Phoenix Mills Q1 Update: Retail consumption jumps 32%; office occupancy climbs to 72%


Realty firm Phoenix Mills Ltd on Tuesday (July 28) reported a 23.3% year-on-year rise in consolidated profit at ₹296.9 crore for the quarter ended June 30, 2026, compared with ₹240.7 crore in the corresponding period last year.

The company’s consolidated revenue increased 12.8% year-on-year to ₹1,074.9 crore from ₹953 crore in Q1 FY26.

ALSO READ | Phoenix Mills shares rise after strong Q1; JPMorgan highlights why downside risk is limited

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.7% year-on-year to ₹641.5 crore, compared with ₹564.3 crore in the year-ago quarter. The company’s EBITDA margin stood at 59.7% during the quarter, compared with 59.2% in the corresponding period last year.

Shares of Phoenix Mills Ltd ended at ₹2,031.15, down by ₹4.70, or 0.23%, on the BSE.



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