Phoenix Mills Ltd Share Price – NSE  / BSE

Realty, Small Cap

Income from operations stood at Rs 1,121.19 crore, registering a year-on-year (YoY) growth of 14.97%.

Profit before exceptional items and tax surged 29.03% YoY to Rs 514.94 crore in Q3 FY26. The company reported an exceptional loss of Rs 24.99 crore during the quarter under review.

Operating EBITDA jumped 19% to Rs 656 crore in Q3 FY26 from Rs 553 crore in Q3 FY25. EBITDA margin improved marginally to 59% in Q3 FY26, compared with 57% in Q3 FY25.

During the December quarter, collections stood at Rs 100 crore, up 163.15% over Q3 FY25.

Total consumption in Q3 FY26 stood at Rs 4,992 crore, demonstrating a YoY growth of 25% over Q3 FY25.

On a nine-month basis, the company?s consolidated net profit jumped 14.68% YoY to Rs 820.47 crore in 9M FY26, while revenue from operations rose 14.02% YoY to Rs 3,189.61 crore.

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 1.92% to Rs 1,695.10 on the BSE.

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Net profit of Phoenix Mills rose 4.17% to Rs 275.79 crore in the quarter ended December 2025 as against Rs 264.76 crore during the previous quarter ended December 2024. Sales rose 14.98% to Rs 1121.19 crore in the quarter ended December 2025 as against Rs 975.13 crore during the previous quarter ended December 2024.

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

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The company further said that during the period under review, office leasing momentum translated into visible occupancy improvement, hospitality performance was supported by high occupancies and ARR-driven growth, and residential sales maintaed steady momentum year-to-date.

In the Retail business, portfolio consumption stood at Rs 4,787 crore in Q3 FY26 (up 20% YoY) and Rs. 12,122 crore in 9M FY26 (up 15% YoY), reflecting broad-based demand across the portfolio during the festive quarter and year-to-date.

Consumption growth in Q3 FY26 remained strong, reflecting demand resilience, even as select assets continue to undergo planned revamp and premiumisation initiatives to strengthen portfolio performance over the medium term.

In the Commercial Offices segment, leasing activity remained strong through 9M FY26, with gross leasing of 1.20 million square feet, reflecting sustained tenant demand across the portfolio.

The leased occupancy in the operational assets at Mumbai and Vimannagar in Pune improved to 77% as at December 2025, from 67% as at March 2025. The leased occupancy across new developments in Pune, Bengaluru and Chennai is at 41%, with advanced-stage leasing discussions providing strong visibility on further ramp-up.

PML?s hotel portfolio delivered steady performance in Q3 and 9M FY26, supported by strong occupancies and average room rate (ARR)-driven revenue per available room (RevPAR) growth, led by The St. Regis, Mumbai.

The company further said that residential sales and collections remained robust, supported by steady execution and monetisation of premium residential inventory.

Gross residential sales of Rs. 140 crore in Q3 FY26 (up 141.4% YoY) and Rs. 412 crore during 9M FY26 (up 205.2% YoY).

The Phoenix Mills is India?s leading owner, operator and developer of retail-led mixed-use destinations. The group?s developments are spread across retail, hospitality, commercial offices, and residential asset classes.

The company's consolidated net profit increased by 39.38% to Rs 303.99 crore on a 21.51% rise in revenue to Rs 1,115.43 crore in Q2 FY26 as compared to Q2 FY25.

The scrip fell 1.13% to currently trade at Rs 1885.15 on the BSE.

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