The Phoenix Mills Limited

The Phoenix Mills Limited, along with its subsidiary Offbeat Developers Private Limited, has entered into an amendment to the Security Subscription and Shareholders’ Agreement with JSW Neo Energy Limited and O2 Renewable Energy XXVIII Private Limited to subscribe to equity shares and Series B Compulsory Convertible Debentures, totaling Rs 57,69,00,000, enabling them to qualify as captive users of solar power. The acquisition, which does not constitute a related-party transaction, will allow The Phoenix Mills and Offbeat to meet requirements under The Electricity Act 2003 and The Electricity Rules 2005, with a target shareholding not exceeding 45% in O2 Renewable Energy XXVIII, incorporated on July 31, 2024.

On a year-on-year (YoY) basis, the company's consolidated net profit rose 23.35% to Rs 296.86 crore in Q1 FY27, compared with Rs 240.69 crore in the corresponding quarter last year. Revenue from operations (net sales) stood at Rs 1,074.94 crore in the quarter ended 30 June 2026, down 12.84% QoQ but up 12.80% YoY. Profit before exceptional items, tax and share of profit of associates stood at Rs 492.40 crore in Q1 FY27, down 21.09% QoQ but up 20.92% YoY. There were no exceptional items during the quarter. Operating EBITDA jumped 14% to Rs 642 crore in Q1 FY27 from Rs 564 crore in Q1 FY26. EBITDA margin improved to 60% in Q1 FY27, compared with 59% in Q1 FY26. Total consumption in Q1 FY27 stood at Rs 4,730 crore, demonstrating a YoY growth of 32% over Q1 FY26. The Phoenix Mills is India's largest retail-led mixed-use developer. Its operations span across most aspects of real estate development: planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad.Powered by Capital Market - Live

Net profit of Phoenix Mills rose 23.34% to Rs 296.86 crore in the quarter ended June 2026 as against Rs 240.69 crore during the previous quarter ended June 2025. Sales rose 12.80% to Rs 1074.94 crore in the quarter ended June 2026 as against Rs 952.99 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1074.94952.99 13 OPM %59.6859.21 - PBDT587.91500.66 17 PBT492.40407.21 21 NP296.86240.69 23 Powered by Capital Market - Live

Phoenix Mills will hold a meeting of the Board of Directors of the Company on 28 July 2026.

Phoenix Mills Ltd lost 0.79% today to trade at Rs 2116.15. The BSE Realty index is down 0.2% to quote at 7125.52. The index is up 11.53 % over last one month. Among the other constituents of the index, Godrej Properties Ltd decreased 0.37% and DLF Ltd lost 0.24% on the day. The BSE Realty index went down 7.24 % over last one year compared to the 6.35% fall in benchmark SENSEX. Phoenix Mills Ltd has added 13.3% over last one month compared to 11.53% gain in BSE Realty index and 0.76% rise in the SENSEX. On the BSE, 772 shares were traded in the counter so far compared with average daily volumes of 1.04 lakh shares in the past one month. The stock hit a record high of Rs 2168.65 on 14 Jul 2026. The stock hit a 52-week low of Rs 1403 on 11 Aug 2025.Powered by Capital Market - Live

Phoenix Mills has allotted 17,428 equity shares under ESOP on 11 July 2026. Consequently, the paid up equity share capital has increased to Rs71,53,15,806 consisting of 35,76,57,903 Equity Shares having face value of Rs 2/- each.

The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter across its existing operational assets. The performance was driven by healthy consumer demand across most malls, while select assets benefited from ongoing repositioning and premiumisation initiatives aimed at enhancing tenant mix and customer experience. During the quarter, Phoenix MarketCity Pune was relaunched as Phoenix Avenue of Stars, reflecting the next phase of the asset's evolution with a refreshed premium brand mix tailored to Pune's experience-led consumption landscape. The hospitality business maintained its growth momentum, with The St. Regis Mumbai and Courtyard by Marriott Agra reporting revenue per available room (RevPAR) growth of 15% YoY and 23% YoY, respectively, supported by healthy occupancy levels and double-digit growth in average room rates. In the residential segment, Phoenix Mills reported sales of Rs 64 crore during the quarter as it continued to monetise its premium ready inventory. The Phoenix Mills is India's largest retail-led mixed-use developer. Its operations span across most aspects of real estate development: planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported a 50% rise in consolidated net profit to Rs 403.35 crore in Q4 FY26, compared with Rs 268.82 crore in Q4 FY25. Net sales stood at Rs 1,233.20 crore, registering a year-on-year (YoY) growth of 21.3%.Powered by Capital Market - Live

Phoenix Mills has allotted 5,844 equity shares under ESOP on 28 April 2026. Consequently, the paid up equity share capital has increased to Rs 71,52,80,950 consisting of 35,76,40,475 equity shares of Rs 2/- each.

Net sales stood at Rs 1,233.20 crore, registering a year-on-year (YoY) growth of 21.3%. The company reported profit before exceptional items and tax of Rs 624.01 crore in Q4 FY26, compared to Rs 420.44 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 3.99 crore during the quarter. Operating EBITDA jumped 34% to Rs 750 crore in Q4 FY26 from Rs 560 crore in Q4 FY25. EBITDA margin improved to 61% in Q4 FY26, compared with 55% in Q4 FY25. Total consumption in Q4 FY26 stood at Rs 4,261 crore, demonstrating a YoY growth of 31% over Q4 FY25. On a full-year basis, the company's net profit jumped 24.3% to Rs 1,223.82 crore on a 16% surge in revenue to Rs 4,422.80 crore in FY26 over FY25. Meanwhile, the company has recommended a final dividend of Rs 2.50 per equity share of face value Rs 2 each, translating to a 125% payout for FY26, subject to shareholder approval at the upcoming annual general meeting. The Phoenix Mills is India's largest retail-led mixed-use developer. Its operations span across most aspects of real estate development: planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The counter slipped 2.03% to Rs 1,767.15 on the BSE.

Phoenix Mills announced that the Board of Directors of the Company at its meeting held on 27 April 2026, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.