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The Phoenix Mills Ltd.

RealtyConstruction - Real Estate

www.thephoenixmills.com BSE: 503100NSE: PHOENIXLTD

₹1,920.65BSE0.80%

07 Sep, 4:01 PM

₹1,920.65

₹68.37K Cr

53.42

6.01

14.53%

₹1,946.90

₹1,900.00

₹2,168.65

₹1,465.30

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Price Performance

Peer Comparison

Name
DLF LIMITED DLF	672.30	37.43	1,66,415.21	1.19	793.90	4.09%	1,280.34	-52.87%	6.81
LODHA LODHA	1,213.20	29.32	1,21,225.76	0.35	1,373.10	103.39%	4,996.70	43.10%	16.89
The Phoenix Mills Ltd. PHOENIXLTD	1,920.65	53.42	68,373.70	0.13	394.51	22.95%	1,074.94	12.80%	15.41
OBEROI REAL OBEROIRLTY	1,857.70	25.69	67,546.39	0.43	543.51	29.02%	1,300.89	31.73%	17.69
PRESTIGE PRESTIGE	1,558.85	58.96	67,144.38	0.13	271.40	-12.87%	2,675.10	15.94%	11.51
GODREJ PROP GODREJPROP	1,915.00	36.05	57,684.87	0.52	349.38	-41.61%	506.17	16.48%	8.37
ANANTRAJ ANANTRAJ	641.10	39.87	23,071.71	0.16	149.19	18.50%	631.40	6.58%	12.23
BRIGADE BRIGADE	680.50	31.95	22,201.94	0.22	216.94	37.35%	1,115.55	-12.93%	11.02

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	425.01	495.39	574.39	651.08	683.85	729.04	810.63	875.02	904.14	917.97	975.13	1,016.34	952.99	1,115.43	1,121.19	1,233.20	1,074.94
Expenses	194.53	254.32	251.49	270.22	299.36	298.35	318.31	369.06	373.12	400.29	422.30	456.68	388.70	448.51	464.91	483.59	433.41
	230.48	241.07	322.90	380.86	384.49	430.69	492.32	505.96	531.02	517.68	552.83	559.65	564.29	666.92	656.29	749.61	641.53
	54.23%	48.66%	56.22%	58.50%	56.22%	59.08%	60.73%	57.82%	58.73%	56.39%	56.69%	55.07%	59.21%	59.79%	58.53%	60.79%	59.68%
	22.00	24.43	580.21	32.42	34.72	74.14	28.97	31.62	37.75	37.10	46.38	42.42	31.52	30.79	22.29	57.17	40.21
Interest	68.58	78.34	74.06	83.45	86.59	97.09	95.66	96.48	103.11	103.10	102.88	94.12	95.15	91.94	102.35	97.41	93.84
	46.09	44.06	49.98	55.93	56.94	64.96	62.96	65.91	77.49	77.53	81.27	90.23	93.45	91.23	86.28	89.35	95.51
	149.56	147.65	786.43	273.73	274.51	341.84	364.01	376.64	389.45	375.66	416.89	418.91	408.15	515.79	487.97	619.70	493.36
	23.77%	17.44%	4.33%	19.00%	23.05%	14.50%	20.05%	18.95%	19.19%	22.23%	15.38%	17.00%	21.39%	25.53%	24.96%	21.67%	20.04%
	98.88	104.79	718.70	185.81	176.37	254.08	240.50	252.62	232.54	218.10	264.76	268.82	240.69	303.99	275.79	403.35	296.86
	5.74	5.87	40.25	10.41	9.88	14.23	13.46	14.14	13.01	6.10	7.41	7.52	6.73	8.50	7.71	11.28	8.30

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	1,483.48	2,638.35	3,977.69	3,813.57	4,422.80
Operating Income (Net)	1,483.48	2,638.35	3,977.69	3,813.57	4,422.80
EXPENDITURE :
Increase/Decrease in Stock	13.81	-443.29	334.23	7.83	-2.48
Cost of Construction and Development	89.18	592.15	220.52	210.45	293.69
Power & Fuel Cost	75.41	129.19	173.30	224.76	203.96
Employee Cost	156.93	232.47	298.95	362.69	404.35
Operating Expenses	80.25	204.16	246.11	279.38	314.82
General and Administration Expenses	207.70	230.12	298.47	312.08	330.83
Selling and Distribution Expenses	76.04	153.80	186.01	205.83	197.04
Miscellaneous Expenses	49.92	20.81	43.30	49.38	43.48
	749.25	1,119.41	1,800.87	1,652.40	1,785.71
Operating Profit (Excl OI)	734.23	1,518.94	2,176.82	2,161.18	2,637.10
	74.44	116.30	132.18	150.90	170.75
	808.67	1,635.24	2,309.00	2,312.08	2,807.85
Interest	294.77	341.18	395.87	403.21	386.84
PBDT	513.90	1,294.06	1,913.13	1,908.86	2,421.00
	185.85	227.81	270.20	326.52	360.31
Profit Before Taxation & Exceptional Items	328.05	1,066.24	1,642.92	1,582.35	2,060.70
Exceptional Income / Expenses		605.20		12.75	-28.98
	328.05	1,671.44	1,642.92	1,595.09	2,031.71
Provision for Tax	80.06	198.94	316.60	293.57	475.10
	247.99	1,472.50	1,326.32	1,301.53	1,556.61
Extra items			0.00	0.00	0.00
Minority Interest	-30.85	-142.61	-233.54	-323.11	-332.69
Share of Associate	20.22	5.07	6.43	5.81	-0.10
Consolidated Net Profit	237.35	1,334.96	1,099.21	984.23	1,223.82
Profit Balance B/F	2,185.38	3,704.14	5,509.73	6,524.41	7,456.57
Appropriations	2,422.74	5,039.10	6,608.94	7,508.63	8,680.39
Equity Dividend %	120.00%	250.00%	250.00%	125.00%	125.00%
	13.30	74.74	61.51	27.53	34.22
Adjusted EPS	13.30	37.37	30.76	27.53	34.22

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	35.70	35.72	35.74	71.50	71.53
Share Warrants & Outstandings	20.69	24.29	28.52	9.03	5.70
Total Reserves	6,526.09	8,319.76	9,393.45	10,367.61	10,911.32
Reserve excluding Revaluation Reserve	6,526.09	8,319.76	9,393.45	10,367.61	10,911.32
Revaluation reserve	0.00		0.00	0.00
	6,582.48	8,379.77	9,457.71	10,448.15	10,988.54
Minority Interest	2,428.83	2,696.32	2,929.73	3,404.57	3,316.32
Secured Loans	3,081.35	3,149.87	3,645.28	3,681.68	4,535.03
Unsecured Loans	59.35	160.33	167.80	165.39	169.38
Deferred Tax Assets / Liabilities	-120.91	123.81	189.47	246.07	324.18
Other Long Term Liabilities	117.44	311.25	483.17	1,075.59	989.12
Long Term Trade Payables			0.00
Long Term Provisions	19.01	235.70	310.61	304.40	427.61
Total Non-Current Liabilities	3,156.24	3,980.96	4,796.34	5,473.14	6,445.32
Trade Payables	129.85	158.50	205.15	203.20	211.79
Other Current Liabilities	1,256.26	1,550.89	1,267.16	1,497.07	1,706.70
Short Term Borrowings	515.74	704.37	581.60	529.56	366.18
Short Term Provisions	139.64	164.75	143.38	138.23	144.05
Total Current Liabilities	2,041.49	2,578.51	2,197.29	2,368.05	2,428.71
Total Liabilities	14,209.04	17,635.55	19,381.07	21,693.90	23,178.89
Gross Block	9,248.66	3,832.61	4,389.83	4,587.86	4,741.29
Less: Accumulated Depreciation	1,740.93	1,403.92	1,527.52	1,714.77	1,894.24
Net Block	7,507.73	2,428.69	2,862.31	2,873.08	2,847.05
Capital Work in Progress	2,048.57	2,294.66	1,503.26	3,142.78	3,879.30
Non Current Investments	493.19	302.17	401.38	479.48	480.38
Long Term Investment	493.19	302.17	401.38	479.48	480.38
Long Term Loans & Advances	224.88	524.00	750.53	696.00	721.48
Other Non Current Assets	116.94	157.58	201.15	212.76	202.72
Total Non-Current Assets	10,391.31	14,242.86	15,993.61	18,997.42	20,055.44
Currents Investments	1,824.15	980.12	1,323.96	985.22	1,009.59
Inventories	749.81	1,211.73	781.74	773.91	776.39
Sundry Debtors	279.95	238.25	270.05	230.19	316.78
Cash and Bank	592.59	630.21	709.64	512.01	823.07
Other Current Assets	37.40	81.67	87.35	126.77	105.02
Short Term Loans and Advances	333.83	250.71	214.71	68.38	92.60
Total Current Assets	3,817.73	3,392.69	3,387.45	2,696.48	3,123.45
Net Current Assets (Including Current Investments)	1,776.24	814.18	1,190.17	328.43	694.73
Total Assets	14,209.04	17,635.55	19,381.07	21,693.90	23,178.89
Contingent Liabilities	378.17	928.97	466.29	594.08	533.63
Total Debt	3,982.08	4,259.28	4,611.92	4,663.11	5,295.74
	367.57	467.81	527.66	291.98	307.10
Adjusted Book Value	367.57	233.90	263.83	291.98	307.10

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	328.05	1,671.44	1,642.92	1,595.09	2,031.71
Adjustment	438.92	-102.27	540.45	554.25	609.33
Changes In working Capital	71.33	-4.15	294.35	219.07	89.95
Cash Flow after changes in Working Capital	838.31	1,565.02	2,477.72	2,368.41	2,730.99
Cash Flow from Operating Activities	780.61	1,356.05	2,160.94	2,083.56	2,425.69
Cash Flow from Investing Activities	-2,841.19	-1,536.02	-1,859.15	-2,162.12	-1,645.58
Cash Flow from Financing Activitie	2,227.56	131.78	-299.21	-47.27	-730.55
Net Cash Inflow / Outflow	166.99	-48.19	2.58	-125.83	49.55
Opening Cash & Cash Equivalents	132.79	136.34	96.16	98.74	-27.09
Cash & Cash Equivalent on Amalgamation / Take over / Merger		8.02
Closing Cash & Cash Equivalent	299.78	96.16	98.74	-27.09	22.46

Ratios

Valuation

53.42

6.01

25.17

15.04

35.79

318.06

Profitability

14.53

15.41

6.94

59.63

35.20

Leverage & Liquidity

0.48

1.29

6.25

Returns

0.13

0.20

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	47.27	47.27	47.26	47.26	47.26	47.25	47.25	47.25	47.25
	48.74	48.62	48.68	48.74	49.00	48.92	49.11	49.12	49.11
	3.98	4.11	4.05	4.00	3.74	3.83	3.63	3.64	3.64
	52.73	52.73	52.74	52.74	52.74	52.75	52.75	52.75	52.75
No. of Shareholders	74,051	84,801	89,288	88,531	85,498	86,589	75,779	73,876	73,390

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-09-02	AGM
2026-07-21	Board Meeting	Quarterly Results
2026-04-27	Ex Dividend	Rs.2.5000 per share(125%)Final Dividend	2026-09-11	2026-09-11

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

RealtyConstruction - Real Estate

The Phoenix Mills Ltd. operates in the Realty sector under the Construction - Real Estate industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

15 members across the board and senior leadership

Bhavik Gala

Company Secretary & Compliance Officer

—

Atul Ruia

Chairman

₹2.06 Cr

Mar '26

Shishir Shrivastava

Vice Chairman

₹9.69 Cr

Mar '26

Rajesh Kulkarni

Whole Time Director

₹5.23 Cr

Mar '26

Rajendra Kalkar

Whole Time Director

₹3.78 Cr

Mar '22

Rashmi Sen

Whole Time Director

₹4.21 Cr

Mar '26

Amit Dabriwala