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India
As of 18 Sept 2026, 03:30 pm
Phoenix Mills has been actively engaging with investors. On September 17, 2026, the company held an institutional investor meeting where it discussed financial results for the quarter ended June 30, 2026. Additionally, on the same date, the company participated in the 2026 Jefferies India Forum, providing a general business overview and industry updates. The company also scheduled participation in a J.P. Morgan India Conference on September 22, 2026, involving physical one-on-one and group meetings.
Bank of America Securities views Phoenix Mills as a 'high-quality compounder' with a healthy balance sheet and has indicated a potential for 24% upside.
As of September 18, 2026, Phoenix Mills has shown varied returns across different periods. It had a year-to-date return of 0.0% and a 6-month return of 15%. Over the past year, the return was 15%. Longer-term returns include a 5-year return of -1% and a return since inception of 18%.
On a daily basis, the company's technical indicators suggest a bearish trend, with the Supertrend indicator at 1978.06. However, on a monthly basis, the Supertrend indicator is bullish at 1298.62. The closing price on this date was ₹1877.9.
As of 18 Sept 2026, 03:30 pm
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
Primary driver: Price swings are higher than typical
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Downward price movement of 2.91 standard deviations recorded on 2026-09-15.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹1,074.94 crore | PEAK₹1,233.20 crore | ₹1,121.19 crore | ₹1,115.43 crore | ₹952.99 crore |
| Expenses | ₹622.76 crore | PEAK₹670.35 crore | ₹653.54 crore | ₹631.67 crore | ₹577.30 crore |
| Profit Before Tax | ₹492.40 crore | PEAK₹620.01 crore | ₹489.95 crore | ₹514.54 crore | ₹407.21 crore |
| Tax Expense | ₹98.85 crore | PEAK₹134.30 crore | ₹121.82 crore | ₹131.70 crore | ₹87.29 crore |
| Profit Loss For Period | ₹394.51 crore | PEAK₹485.40 crore | ₹366.16 crore | ₹384.09 crore | ₹320.86 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹8.30 per share | PEAK₹11.28 per share | ₹7.71 per share | ₹8.50 per share | ₹6.73 per share |
Exchange disclosures and regulatory announcements for Phoenix Mills.
The Phoenix Mills Limited held an institutional investor meeting on September 17, 2026, following prior intimation disclosed on the same date. The company confirmed that a presentation was delivered during the session, specifically discussing financial results for the quarter ended June 30, 2026.
The Phoenix Mills Limited participated in the 2026 Jefferies India Forum (Group Meetings) organized by Jefferies in Gurugram on September 17, 2026. The interaction, intimated in advance on September 11, 2026, involved briefing investors on the company's general business overview and industry updates. The disclosure was made under Regulation 30 of the Listing Regulations and uploaded to the company's website.
The Phoenix Mills Limited announced on September 16, 2026, that it will participate in a J.P. Morgan India Conference scheduled for Tuesday, September 22, 2026, in Mumbai. The event will feature physical one-on-one and group meetings organized by J.P. Morgan India. This intimation was filed pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Phoenix Mills Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
THE PHOENIX MILLS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
The Phoenix Mills Limited informed stock exchanges that the Scheme of Merger and Amalgamation involving six transferor companies (including Coimbatore Sameera Investments Private Limited and Dhanalakshmi Engineering Private Limited) into Astrea Real Estate Developers Private Limited became effective on September 10, 2026, after the certified NCLT order was filed with the Registrar of Companies. The transferor companies are step-down subsidiaries and the transferee company is a subsidiary of The Phoenix Mills Limited.
Recent market and company developments associated with Phoenix Mills.
Capitalmind Flexi Cap Fund made five fresh additions and completely exited five stocks from its portfolio in August, while keeping its exposure unchanged in 27 stocks. The fund had 32 stocks across 17 sectors, with healthcare accounting for the largest allocation. Heres a look at the stocks added and exited, sector allocation and the funds performance since inception.
BoFA Securities views Phoenix Mills as a high-quality compounder with a healthy balance sheet.
At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25.
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At 10:30 IST, the barometer index, the S&P BSE Sensex, tanked 538.70 points or 0.72% to 74,367.44. The Nifty 50 index lost 179.35 points or 0.76% to 23,298.45.
Consequent to the allotment, the paid up equity share capital has increased to Rs 71,53,55,716 consisting of 35,76,77,858 equity shares having face value of Rs 2/- each.
Phoenix Mills Ltd saw volume of 1.28 lakh shares by 10:45 IST on BSE, a 16.81 fold spurt over two-week average daily volume of 7623 shares
Indian equity markets extended their losing streak to a seventh consecutive session, with the Nifty50 closing lower at 24,078.30. Key corporate developments are expected to influence Thursday's trade, including Hyundai Motor India's planned price increase, Aditya Infotech's fundraising approval, and BSE's agreement with MSCI for index futures and options. Other companies like HEG, Ceigall India, and HDFC Life Insurance also saw significant announcements.
Comprehensive Section Breakdown for Phoenix Mills
Strategic Vision: Real estate development, mall operation, hospitality, and residential business.
• Strategic locations of properties across major Indian cities.
• Diverse portfolio encompassing retail malls, commercial spaces, residential projects, and hospitality assets.
• Operation of multiple retail mall brands and international hotel brands.
In the first quarter of FY2026-27, Phoenix Mills Limited reported revenue of ₹1,074.94 crore, an increase of 12.8% from the same quarter a year ago. Expenses grew by 7.88%, a slower pace that widened profit margins and allowed profit before tax to rise 20.9% and net profit to rise 23.0%. Sequentially, revenue declined 12.8% from the preceding fourth quarter, a drop that was larger than the 7.1% decline in expenses. Basic and diluted earnings per share were identical at ₹8.30, and segment revenue and profit before tax matched consolidated totals in the current quarter.
Year over year, revenue increased from ₹952.99 crore to ₹1,074.94 crore, a gain of ₹121.96 crore or 12.8%. Total expenses rose from ₹577.30 crore to ₹622.76 crore, an increase of ₹45.47 crore or 7.9%. Because revenue grew faster than expenses, the expense-to-revenue ratio declined from 60.6% in Q1 FY2025-26 to 57.9% in the current quarter, a reduction of 2.7 percentage points.
Sequentially, revenue fell from ₹1,233.20 crore in Q4 FY2025-26 to ₹1,074.94 crore, a decrease of 12.8%. Expenses fell from ₹670.35 crore to ₹622.76 crore, a decrease of 7.1%. The sequential revenue decline was nearly twice as large in percentage terms as the expense decline. Revenue increased each quarter through FY2025-26, peaking at ₹1,233.20 crore in Q4. The drop to Q1 is consistent with the prior year's pattern, where the first quarter was the lowest revenue quarter and each subsequent quarter was higher.
Profit before tax rose from ₹407.21 crore in Q1 FY2025-26 to ₹492.40 crore in Q1 FY2026-27, an increase of ₹85.19 crore or 20.9%. This growth rate exceeded the revenue growth rate because expenses grew more slowly. Profit before tax as a percentage of revenue improved from 42.7% to 45.8%.
Tax expense was ₹98.85 crore, up from ₹87.29 crore in the prior-year quarter, an increase of ₹11.56 crore or 13.2%. The effective tax rate declined from 21.4% in Q1 FY2025-26 to 20.1% in the current quarter, a decrease of 1.3 percentage points. This lower effective tax rate contributed to net profit growing slightly faster than profit before tax.
Net profit rose from ₹320.86 crore to ₹394.51 crore, an increase of ₹73.65 crore or 23.0%. Net profit as a percentage of revenue improved from 33.7% to 36.7%.
Sequentially, profit before tax fell from ₹620.01 crore in Q4 FY2025-26 to ₹492.40 crore, a decrease of ₹127.62 crore or 20.6%. Tax expense declined by ₹35.45 crore or 26.4%, a larger percentage drop than the profit before tax decline, and net profit fell by ₹90.89 crore or 18.7%.
The relationship between revenue, expenses, and profit before tax for the current quarter is as follows: Revenue of ₹1,074.94 crore minus expenses of ₹622.76 crore plus other income of ₹40.21 crore equals ₹492.40 crore.
Basic and diluted earnings per share were identical at ₹8.30 for Q1 FY2026-27, as they have been for every quarter in the evidence. This indicates that potential shares did not dilute earnings per share. Earnings per share grew from ₹6.73 in Q1 FY2025-26 to ₹8.30, an increase of 23.3%, closely tracking the 23.0% growth in net profit. The current quarter's earnings per share of ₹8.30 was lower than the ₹11.28 reported in Q4 FY2025-26, reflecting the sequential decline in net profit.
Segment revenue from operations matched consolidated revenue from operations exactly at ₹1,074.94 crore for the current quarter, consistent with every quarter in the evidence. Segment profit before tax of ₹492.40 crore also matched consolidated profit before tax exactly for Q1 FY2026-27. In Q4 FY2025-26, there was a difference of ₹4.00 crore between segment profit before tax (₹624.01 crore) and consolidated profit before tax (₹620.01 crore), a gap that did not recur in the current quarter. Inter-segment revenue was ₹8.68 crore in Q1 FY2026-27, representing about 0.8% of total revenue, and has remained within a narrow range of ₹7.76 crore to ₹9.29 crore across recent quarters.
In the first quarter, Phoenix Mills Limited grew revenue by 12.8% year over year while expenses grew by 7.9%. The difference in growth rates expanded profit margins across the income statement and produced double-digit gains in both profit before tax and net profit. The sequential decline from the fourth quarter follows the pattern seen in the prior fiscal year, where the first quarter was the lowest and each subsequent quarter was stronger. Earnings per share show no dilution, and segment revenue and profit before tax aligned with consolidated totals in the current quarter.
Category: B2B Services
This segment involves the operation and management of malls and commercial office spaces.
Key Products & Services: Phoenix Palladium • Phoenix MarketCity • Palladium • Phoenix United • Phoenix Palassio • Phoenix Paragon • Phoenix Citadel • Phoenix Grand Victoria • Phoenix Mall of Asia • Phoenix Mall of the Millennium
Category: Consumer Services
The company operates hotels and manages restaurants.
Key Products & Services: The St. Regis • Courtyard by Marriott
Category: Real Estate
This segment focuses on the construction of residential properties.
Core Thesis: The company leverages its diverse real estate portfolio across retail, commercial, residential, and hospitality to create integrated offerings.
• Integrated Real Estate Development: The company engages in the construction of commercial and residential properties, alongside operating and managing malls. • Diverse Property Portfolio: Phoenix Mills operates a range of retail malls, commercial office spaces, residential projects, and hospitality assets. • Strategic Locationing: Properties are strategically located across major Indian cities, enhancing accessibility and market reach. • Multi-Brand Hospitality Operations: The company owns and operates hotels under well-known brands and manages several restaurants.