The Phoenix Mills Limited Reports Financial Results for Quarter Ended June 30, 2026
The Phoenix Mills Limited has released its unaudited financial results for the quarter ended June 30, 2026. These results cover both the standalone and consolidated entities, providing insight into the company’s operational performance and capital structure during the period.Key Financial Highlights (Standalone)
The Board of Directors reviewed and approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The results show significant figures across income streams and profitability.The financial summary from the standalone entity includes:
| Particulars | Q Ended 30-06-2026 (Unaudited) | Q Ended 31-03-2026 (Audited) | Q Ended 30-06-2025 (Unaudited) | FY Ended 31-03-2026 (Audited) |
|---|---|---|---|---|
| Net Sales / Income from Operations | 14,744.62 | 13,544.55 | 12,553.42 | 54,394.09 |
| Total Income | 364.84 | 1,258.24 | 1,316.61 | 67,926.65 |
| Profit before tax | 7,269.55 | 7,029.53 | 4,785.00 | 35,657.39 |
| Net Profit for the period | 1,114.86 | 6,154.69 | 1,106.47 | 5,479.59 |
Consolidated Performance and Operational Updates
The Board of Directors also approved the unaudited consolidated financial results for the quarter ended June 30, 2026. The consolidated view reflects the operations of the company, its 43 subsidiaries, and 5 associates as of June 30, 2026.Key components of the consolidated operation include:
- Income: Total Income for the quarter ended June 30, 2026 stood at 111,515.87 Lakhs, compared to 98,450.44 Lakhs in the previous year's unaudited period.
- Profitability: The Net Profit after tax for the quarter ended June 30, 2026 was 39,354.75 Lakhs.
- Capitalization: Paid up equity share capital increased to 7,152.81 Lakhs during the quarter, resulting from the allotment of 5,844 equity shares to eligible employees under ESOP Scheme 2018.
Operational notes include:
- One subsidiary's financial statements were not prepared on a going concern basis.
- The company reassessed the estimated useful life of property intended for demolition and redevelopment, charging accelerated depreciation of 462.48 Lakhs during the quarter ended June 30, 2026.
- The Group operates across three reportable segments: Property & Related Services, Hospitality Services, and Residential Business.
Exceptional Items and Auditor Review
Both sets of results report exceptional items related to impairments. During the financial year ended March 31, 2026, the company recognized total exceptional losses aggregating to 2,948.97 Lakhs (standalone) and 2,898.21 Lakhs (consolidated), primarily linked to impairment of investments/goodwill arising from past acquisitions.The independent auditor's review confirmed that based on their procedures performed, nothing came to their attention that suggests the accompanying statements are materially misstated or lack required disclosure.
PHOENIXLTD Stock Price Movement
Today, The Phoenix Mills Limited shares nudged up by 0.17%, settling at a close price of ₹2023.20 after trading today. The equity saw strong participation in the session, which concluded with a total traded volume of 529,554 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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