The Phoenix Mills quarterly results and financials

The Phoenix Mills (PHOENIXLTD)₹2,147+0.77%(9 Nov 2026 close)Residential, Commercial Projects

Key facts

In the Sep 2026 quarter (consolidated), The Phoenix Mills reported sales of ₹1,150 Cr, up 3.3% from Sep 2025, and net profit of ₹425 Cr, up 11.2% year on year. For the year to Mar 2026, sales were ₹4,408 Cr and net profit ₹1,551 Cr.

Sales (Sep 2026): ₹1,150 Cr
Net profit (Sep 2026): ₹425 Cr
Sales (FY Mar 2026): ₹4,408 Cr
Net profit (FY Mar 2026): ₹1,551 Cr
EPS (Sep 2026): ₹9.07
Borrowings (Mar 2026): ₹5,328 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

The Phoenix Mills quarterly results

₹ crore unless stated; each column is a quarter.

The Phoenix Mills Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	984	1,303	902	916	973	1,013	951	1,113	1,119	1,230	1,072	1,150
Expenses	434	679	372	400	422	456	389	449	464	484	433	442
Operating Profit	553	629	532	520	555	561	565	669	657	752	644	712
OPM %	56.0%	48.0%	59.0%	55.9%	57.0%	55.0%	59.0%	60.0%	58.9%	61.0%	60.0%	62.0%
Other Income	34.03	37.04	38.04	37.05	46.06	42.06	32.02	31.05	22.02	57.11	40.05	36.06
Interest	104	99.67	103	103	103	93.80	94.78	91.75	102	96.78	93.80	103
Depreciation	66.18	76.25	77.19	78.20	81.29	90.31	93.27	91.28	86.25	89.30	96.27	94.28
Profit before tax	416	488	388	373	415	418	406	514	489	619	491	549
Tax %	16.9%	20.0%	19.0%	21.9%	15.0%	16.9%	21.0%	25.9%	24.9%	22.0%	19.9%	23.0%
Exceptional items	0.00	0.00	0.00	0.00	14.03	−2.01	0.00	0.00	−19.04	−3.01	0.00	0.00
Net Profit	344	391	314	291	352	347	320	383	365	483	393	425
EPS (Rs)	7.79	9.11	6.48	6.08	7.38	7.50	6.71	8.48	7.68	11.23	8.27	9.07

The Phoenix Mills profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

The Phoenix Mills Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,766	1,814	1,611	1,972	1,931	1,038	1,456	2,611	3,964	3,797	4,408	4,571
Expenses	977	960	829	974	961	538	724	1,095	1,789	1,642	1,779	1,822
Operating Profit	792	858	786	1,004	975	502	736	1,522	2,188	2,166	2,645	2,765
OPM %	44.9%	46.9%	49.0%	51.0%	50.0%	48.0%	50.0%	58.0%	55.0%	57.0%	60.0%	60.5%
Other Income	−11.01	39.04	50.10	125	60.12	86.07	74.09	722	126	163	140	155
Interest	442	423	348	350	347	347	294	340	395	402	386	395
Depreciation	177	196	199	205	209	210	187	229	271	328	361	366
Profit before tax	159	276	287	571	477	28.97	328	1,670	1,640	1,593	2,030	2,148
Tax %	47.9%	30.9%	25.9%	19.0%	26.0%	−16.1%	23.9%	11.9%	19.0%	17.9%	23.0%	—
Exceptional items	−11.02	−3.01	11.02	50.11	9.02	−2.01	0.00	562	21.04	104	62.13	−22.05
Net Profit	83.66	190	255	495	387	47.86	267	1,474	1,329	1,303	1,551	1,666
EPS (Rs)	4.20	5.47	7.88	13.69	10.88	1.67	6.63	37.26	30.65	27.45	34.08	36.25
Dividend payout %	26.1%	22.0%	16.0%	11.0%	0.0%	31.0%	18.0%	7.0%	8.0%	9.0%	7.0%	—

The Phoenix Mills balance sheet

₹ crore, at each year end.

The Phoenix Mills Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28.94	30.98	30.97	30.95	30.97	30.95	35.97	35.96	35.95	35.94	71.90	71.95
Reserves	1,639	1,989	2,112	2,813	3,433	3,666	4,985	6,524	8,318	9,395	10,346	10,881
Borrowings	3,404	3,894	3,631	3,667	4,248	4,315	4,068	3,986	4,263	4,647	4,693	5,328
Other Liabilities	1,566	1,501	1,234	1,986	2,396	2,525	2,294	3,772	4,804	5,009	6,307	6,507
Total Liabilities	6,638	7,416	7,007	8,497	10,108	10,538	11,381	14,318	17,420	19,087	21,416	22,787
Fixed Assets	4,134	4,547	4,504	5,674	6,522	6,452	7,208	7,508	10,973	13,136	14,465	14,775
CWIP	214	195	328	503	897	1,534	1,274	2,049	2,295	1,503	3,146	3,879
Investments	200	161	410	828	744	589	575	2,315	1,280	1,722	1,462	1,487
Other Assets	2,090	2,513	1,764	1,493	1,944	1,962	2,325	2,446	2,871	2,725	2,343	2,646
Inventories	1,179	1,324	947	663	899	816	768	750	1,212	783	774	776
Trade receivables	220	280	147	129	197	202	325	281	239	271	231	318
Cash & equivalents	92.24	164	81.24	41.14	193	142	515	594	632	712	513	825
Total Assets	6,638	7,416	7,007	8,497	10,108	10,538	11,381	14,318	17,420	19,087	21,416	22,787

The Phoenix Mills cash flow

₹ crore, for each year.

The Phoenix Mills Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	563	496	1,416	1,512	349	738	432	780	1,355	2,159	2,082	2,424
Cash from investing activity	−102	−376	−353	−1,821	−1,391	−361	−947	−2,835	−1,524	−1,853	−2,158	−1,641
Cash from financing activity	−454	−70.74	−1,104	276	1,049	−286	520	2,221	132	−298	−46.81	−728
Net cash flow	7.02	50.14	−43.16	−33.08	9.03	90.22	3.01	167	−40.10	3.01	−126	50.16
Capex	120	385	184	1,495	1,460	740	156	38.88	1,820	1,667	2,607	1,392
Free cash flow	456	112	1,236	13.01	−1,111	−3.01	309	775	−469	489	−532	1,030
CFO / OP %	86.0%	80.0%	171.0%	196.0%	43.0%	87.0%	84.0%	114.0%	103.0%	114.0%	110.0%	104.0%

The Phoenix Mills ratios

Working-capital days and returns, by year.

The Phoenix Mills Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	50	58	31	30	37	39	115	71	34	26	23	27
Inventory days	—	—	—	—	—	—	—	—	—	855	—	—
Days payable	—	—	—	—	—	—	—	—	—	225	—	—
Cash conversion cycle	49	57	30	29	36	38	114	70	33	654	22	26
Working capital days	91	134	40	−150	−77	−94	−212	−160	−111	−78	−112	−94
ROCE %	11.0%	11.0%	10.9%	10.0%	10.9%	9.0%	4.0%	5.0%	9.9%	12.0%	11.0%	11.9%

The Phoenix Mills: frequently asked questions

What are the latest quarterly results of The Phoenix Mills?

For the Sep 2026 quarter, The Phoenix Mills reported sales of ₹1,150 Cr, up 3.3% year on year and net profit of ₹425 Cr, up 11.2% year on year. The operating margin was 62.0%.

What is the annual revenue of The Phoenix Mills?

The Phoenix Mills' sales for the year to Mar 2026 were ₹4,408 Cr; over the last twelve months they were ₹4,571 Cr.

What is the net profit of The Phoenix Mills?

Net profit for the year to Mar 2026 was ₹1,551 Cr, and ₹1,666 Cr over the last twelve months. Earnings per share over the same trailing period were ₹36.25.

How much debt does The Phoenix Mills have?

The Phoenix Mills reported borrowings of ₹5,328 Cr at Mar 2026, against cash and equivalents of ₹825 Cr.

What is the free cash flow of The Phoenix Mills?

Cash from operations was ₹2,424 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,030 Cr.

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