Phoenix Mills Ltd.
PHOENIXLTDConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
31 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 31 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190211 | 2018-12-31 | yes | |
| TRANSCRIPT | 20190520 | 2019-03-31 | yes | |
| TRANSCRIPT | 20190816 | 2019-06-30 | yes | |
| TRANSCRIPT | 20191119 | 2019-09-30 | yes | |
| TRANSCRIPT | 20200218 | 2019-12-31 | yes | |
| TRANSCRIPT | 20200702 | 2020-06-30 | yes | |
| TRANSCRIPT | 20200801 | 2020-06-30 | yes | |
| TRANSCRIPT | 20201118 | 2020-09-30 | yes | |
| TRANSCRIPT | 20210218 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210531 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210810 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211108 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220211 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220530 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220817 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221111 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230213 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230530 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230814 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231113 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240216 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240522 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240806 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241030 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250205 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250507 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250728 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251105 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260203 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260430 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260803 | 2026-06-30 | yes |
PHOENIXLTD
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 1,955.00 |
| 52-week range | 1477.4 – 2154.0 |
| Return 1M | 1.3% |
| Return 3M | 2.65% |
| Return 1Y | 23.91% |
| Return 3Y | 118.89% |
| Return 5Y | 313.54% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,075.00 |
| Other income | 40.00 |
| Total income | 1,115.00 |
| Cost of materials consumed | 49.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -5.00 |
| Employee benefit expense | 105.00 |
| Finance costs | 94.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.47 | 0.00 |
| institutions foreign | 0.32 | -0.01 |
| institutions domestic | 0.17 | 0.01 |
| mutual funds | 0.15 | 0.01 |
| public | 0.53 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 31 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 651.00 | 684.00 | 729.00 | 811.00 | 875.00 | 986.00 | 1,306.00 | 904.00 | 918.00 | 975.00 | 1,016.00 | 953.00 | 1,115.00 | 1,121.00 | 1,233.00 | 1,075.00 |
| Other income | 32.00 | 35.00 | 26.00 | 29.00 | 32.00 | 34.00 | 37.00 | 38.00 | 37.00 | 30.00 | 45.00 | 32.00 | 31.00 | 47.00 | 61.00 | 40.00 |
| Total income | 683.00 | 719.00 | 755.00 | 840.00 | 907.00 | 1,020.00 | 1,343.00 | 942.00 | 955.00 | 1,006.00 | 1,061.00 | 985.00 | 1,146.00 | 1,168.00 | 1,294.00 | 1,115.00 |
| Cost of materials consumed | 39.00 | 46.00 | 466.00 | 49.00 | 34.00 | 34.00 | 70.00 | 35.00 | 49.00 | 74.00 | 53.00 | 126.00 | 51.00 | 61.00 | 55.00 | 49.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 4.00 | -8.00 | -424.00 | 10.00 | 45.00 | 42.00 | 237.00 | 2.00 | 6.00 | -19.00 | 19.00 | -78.00 | 28.00 | 5.00 | 42.00 | -5.00 |
| Employee benefit expense | 54.00 | 68.00 | 60.00 | 64.00 | 73.00 | 88.00 | 74.00 | 89.00 | 88.00 | 99.00 | 87.00 | 96.00 | 108.00 | 109.00 | 91.00 | 105.00 |
| Finance costs | 83.00 | 87.00 | 97.00 | 96.00 | 96.00 | 104.00 | 100.00 | 103.00 | 103.00 | 103.00 | 94.00 | 95.00 | 92.00 | 102.00 | 97.00 | 94.00 |
| Depreciation and amortisation | 56.00 | 57.00 | 65.00 | 63.00 | 66.00 | 66.00 | 76.00 | 77.00 | 78.00 | 81.00 | 90.00 | 93.00 | 91.00 | 86.00 | 89.00 | 96.00 |
| Other expenses | 173.00 | 193.00 | 195.00 | 194.00 | 217.00 | 271.00 | 298.00 | 248.00 | 257.00 | 269.00 | 298.00 | 244.00 | 262.00 | 289.00 | 295.00 | 284.00 |
| Total expenses | 410.00 | 443.00 | 460.00 | 477.00 | 531.00 | 604.00 | 854.00 | 554.00 | 581.00 | 606.00 | 641.00 | 577.00 | 632.00 | 654.00 | 670.00 | 623.00 |
| Profit before exceptional items and tax | 274.00 | 276.00 | 294.00 | 363.00 | 375.00 | 416.00 | 489.00 | 389.00 | 374.00 | 399.00 | 420.00 | 407.00 | 515.00 | 515.00 | 624.00 | 492.00 |
| Exceptional items | 0.00 | 0.00 | 48.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | 16.00 | -3.00 | 0.00 | 0.00 | -25.00 | -4.00 | 0.00 |
| Profit before tax | 274.00 | 276.00 | 343.00 | 363.00 | 375.00 | 416.00 | 489.00 | 388.00 | 374.00 | 415.00 | 418.00 | 407.00 | 515.00 | 490.00 | 620.00 | 492.00 |
| Current tax | 55.00 | 56.00 | 57.00 | 75.00 | 71.00 | 72.00 | 53.00 | 64.00 | 84.00 | 47.00 | 59.00 | 64.00 | 109.00 | 93.00 | 125.00 | 89.00 |
| Deferred tax | -3.00 | 7.00 | -7.00 | -2.00 | 0.00 | 0.00 | 47.00 | 10.00 | 0.00 | 17.00 | 12.00 | 23.00 | 23.00 | 28.00 | 9.00 | 10.00 |
| Tax expense | 52.00 | 63.00 | 50.00 | 73.00 | 71.00 | 72.00 | 100.00 | 75.00 | 84.00 | 64.00 | 71.00 | 87.00 | 132.00 | 122.00 | 134.00 | 99.00 |
| Profit for the period | 222.00 | 211.00 | 292.00 | 291.00 | 305.00 | 345.00 | 392.00 | 315.00 | 292.00 | 353.00 | 348.00 | 321.00 | 384.00 | 366.00 | 485.00 | 395.00 |
| Profit attributable to owners | 186.00 | 176.00 | 254.00 | 241.00 | 253.00 | 279.00 | 327.00 | 233.00 | 218.00 | 265.00 | 269.00 | 241.00 | 304.00 | 276.00 | 403.00 | 297.00 |
| Profit attributable to non-controlling interests | 36.00 | 35.00 | 38.00 | 51.00 | 53.00 | 66.00 | 65.00 | 82.00 | 74.00 | 88.00 | 79.00 | 80.00 | 80.00 | 90.00 | 82.00 | 98.00 |
| Other comprehensive income | 2.00 | -0.00 | -10.00 | 28.00 | 9.00 | 17.00 | -2.00 | 63.00 | 6.00 | -12.00 | -42.00 | 6.00 | -12.00 | 5.00 | -15.00 | 17.00 |
| Total comprehensive income | 223.00 | 211.00 | 282.00 | 319.00 | 315.00 | 362.00 | 390.00 | 378.00 | 298.00 | 340.00 | 305.00 | 327.00 | 372.00 | 371.00 | 471.00 | 411.00 |
| Earnings per share, basic | 10.40 | 9.87 | 14.23 | 13.46 | 14.15 | 15.66 | 18.09 | 13.01 | 8.17 | 7.41 | 7.52 | 6.73 | 8.50 | 7.71 | 11.28 | 8.30 |
| Earnings per share, diluted | 10.40 | 9.86 | 14.22 | 13.45 | 14.15 | 15.66 | 18.06 | 13.00 | 8.17 | 7.40 | 7.52 | 6.73 | 8.50 | 7.71 | 11.28 | 8.30 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,982.00 | 1,941.00 | 1,073.00 | 1,483.00 | 2,638.00 | 3,978.00 | 3,814.00 | 4,423.00 |
| Other income | 85.00 | 59.00 | 92.00 | 74.00 | 116.00 | 132.00 | 151.00 | 171.00 |
| Total income | 2,067.00 | 2,000.00 | 1,166.00 | 1,558.00 | 2,755.00 | 4,110.00 | 3,964.00 | 4,594.00 |
| Cost of materials consumed | 461.00 | 82.00 | 33.00 | 89.00 | 592.00 | 187.00 | 210.00 | 294.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | -242.00 | 114.00 | 44.00 | 14.00 | -443.00 | 334.00 | 8.00 | -2.00 |
| Employee benefit expense | 162.00 | 166.00 | 113.00 | 157.00 | 232.00 | 299.00 | 363.00 | 404.00 |
| Finance costs | 351.00 | 348.00 | 348.00 | 294.00 | 341.00 | 396.00 | 403.00 | 387.00 |
| Depreciation and amortisation | 204.00 | 208.00 | 209.00 | 186.00 | 228.00 | 270.00 | 327.00 | 360.00 |
| Other expenses | 608.00 | 613.00 | 390.00 | 490.00 | 738.00 | 981.00 | 1,071.00 | 1,090.00 |
| Total expenses | 1,543.00 | 1,529.00 | 1,136.00 | 1,230.00 | 1,688.00 | 2,467.00 | 2,382.00 | 2,533.00 |
| Profit before exceptional items and tax | 523.00 | 470.00 | 29.00 | 328.00 | 1,066.00 | 1,643.00 | 1,582.00 | 2,061.00 |
| Exceptional items | 48.00 | 8.00 | 0.00 | 0.00 | 605.00 | 0.00 | 13.00 | -29.00 |
| Profit before tax | 572.00 | 478.00 | 29.00 | 328.00 | 1,671.00 | 1,643.00 | 1,595.00 | 2,032.00 |
| Current tax | 82.00 | 42.00 | 58.00 | 79.00 | 207.00 | 269.00 | 241.00 | 392.00 |
| Deferred tax | 27.00 | 80.00 | -63.00 | 1.00 | -8.00 | 48.00 | 52.00 | 83.00 |
| Tax expense | 110.00 | 122.00 | -5.00 | 80.00 | 199.00 | 317.00 | 294.00 | 475.00 |
| Profit for the period | 497.00 | 388.00 | 48.00 | 268.00 | 1,478.00 | 1,333.00 | 1,307.00 | 1,557.00 |
| Profit attributable to owners | 421.00 | 335.00 | 53.00 | 237.00 | 1,335.00 | 1,099.00 | 984.00 | 1,224.00 |
| Profit attributable to non-controlling interests | 76.00 | 54.00 | -5.00 | 31.00 | 143.00 | 234.00 | 323.00 | 333.00 |
| Other comprehensive income | 17.00 | -52.00 | 33.00 | 11.00 | -17.00 | 53.00 | 14.00 | -16.00 |
| Total comprehensive income | 514.00 | 336.00 | 80.00 | 279.00 | 1,461.00 | 1,386.00 | 1,321.00 | 1,541.00 |
| Earnings per share, basic | 27.48 | 21.82 | 3.20 | 13.31 | 74.76 | 61.36 | 27.53 | 34.23 |
| Earnings per share, diluted | 27.40 | 21.77 | 3.19 | 13.30 | 74.71 | 61.31 | 27.52 | 34.21 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 16,492.00 | 17,589.00 | 18,664.00 | 19,283.00 | 20,255.00 | 21,531.00 | 22,812.00 | 22,853.00 |
| Non-current assets | 12,893.00 | 14,123.00 | 14,730.00 | 15,896.00 | 17,261.00 | 18,835.00 | 19,179.00 | 19,729.00 |
| Current assets | 3,599.00 | 3,466.00 | 3,934.00 | 3,387.00 | 2,994.00 | 2,696.00 | 3,633.00 | 3,123.00 |
| Property, plant and equipment | 1,598.00 | 1,809.00 | 1,962.00 | 2,213.00 | 2,219.00 | 2,280.00 | 2,223.00 | 2,283.00 |
| Capital work-in-progress | 2,598.00 | 2,295.00 | 1,870.00 | 1,503.00 | 1,896.00 | 3,143.00 | 3,575.00 | 3,879.00 |
| Goodwill | 586.00 | 618.00 | 620.00 | 620.00 | 620.00 | 592.00 | 592.00 | 563.00 |
| Other intangible assets | 1.00 | 2.00 | 2.00 | 29.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Inventories | 780.00 | 1,212.00 | 1,155.00 | 782.00 | 774.00 | 774.00 | 824.00 | 776.00 |
| Trade receivables | 265.00 | 238.00 | 350.00 | 270.00 | 243.00 | 230.00 | 315.00 | 317.00 |
| Cash and cash equivalents | 350.00 | 265.00 | 238.00 | 455.00 | 197.00 | 223.00 | 341.00 | 181.00 |
| Total equity and liabilities | 16,492.00 | 17,589.00 | 18,664.00 | 19,283.00 | 20,255.00 | 21,531.00 | 22,812.00 | 22,853.00 |
| Equity | 10,339.00 | 11,076.00 | 11,630.00 | 12,387.00 | 13,252.00 | 13,853.00 | 14,589.00 | 14,305.00 |
| Equity share capital | 36.00 | 36.00 | 36.00 | 36.00 | 71.00 | 72.00 | 72.00 | 72.00 |
| Other equity | 7,642.00 | 8,344.00 | 8,795.00 | 9,422.00 | 9,918.00 | 10,377.00 | 10,719.00 | 10,917.00 |
| Total liabilities | 6,153.00 | 6,513.00 | 7,034.00 | 6,896.00 | 7,003.00 | 7,679.00 | 8,223.00 | 8,548.00 |
| Non-current liabilities | 4,094.00 | 3,935.00 | 4,461.00 | 4,651.00 | 4,744.00 | 5,310.00 | 5,366.00 | 6,119.00 |
| Current liabilities | 2,059.00 | 2,579.00 | 2,573.00 | 2,245.00 | 2,259.00 | 2,368.00 | 2,857.00 | 2,429.00 |
| Borrowings, non-current | 3,599.00 | 3,310.00 | 3,792.00 | 3,813.00 | 3,890.00 | 3,847.00 | 3,987.00 | 4,704.00 |
| Borrowings, current | 670.00 | 949.00 | 713.00 | 799.00 | 747.00 | 816.00 | 902.00 | 591.00 |
| Trade payables | 169.00 | 158.00 | 170.00 | 205.00 | 214.00 | 203.00 | 226.00 | 212.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 734.00 | 1,356.00 | 1,060.00 | 2,162.00 | 948.00 | 2,084.00 | 1,231.00 | 2,426.00 |
| Net cash from investing activities | -794.00 | -1,536.00 | -1,068.00 | -1,859.00 | -1,228.00 | -2,162.00 | -1,207.00 | -1,646.00 |
| Net cash from financing activities | 111.00 | 137.00 | -18.00 | -299.00 | 132.00 | -47.00 | 73.00 | -731.00 |
| Purchase of property, plant and equipment | 0.00 | 1,826.00 | 647.00 | 1,674.00 | 1,275.00 | 2,617.00 | 588.00 | 1,397.00 |
| Net increase in cash | 50.00 | -43.00 | -26.00 | 3.00 | -148.00 | -126.00 | 97.00 | 50.00 |
| con:CFO.BEFORE_TAX | 706.00 | 1,565.00 | 1,185.00 | 2,479.00 | 1,103.00 | 2,368.00 | 1,396.00 | 2,731.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 88.00 | 209.00 | 126.00 | 317.00 | 155.00 | 285.00 | 165.00 | 305.00 |
| con:CF_OTHER.OPERATING | 116.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 927.00 | 0.00 | 3.00 | 0.00 | 941.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 1,852.00 | 0.00 | 0.00 | 0.00 | 965.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 2.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 42.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 928.00 | 967.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.00 | 8.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 50.00 | 50.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-23 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 47.30 | 47.29 | 47.29 | 47.28 | 47.27 | 47.27 | 47.27 | 47.26 | 47.26 | 47.26 | 0.47 | 0.47 | 0.47 | 0.47 |
| Domestic institutions | 19.93 | 18.51 | 17.70 | 15.79 | 13.34 | 13.18 | 13.17 | 13.02 | 12.60 | 12.72 | 0.15 | 0.15 | 0.16 | 0.17 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 12.11 | 0.15 | 0.14 | 0.15 | 0.15 |
| Insurance companies | 0.47 | 0.45 | 0.39 | 0.36 | 0.27 | 0.27 | 0.30 | 0.32 | 0.39 | 0.42 | 0.00 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 28.55 | 30.01 | 30.80 | 32.82 | 35.41 | 35.44 | 35.50 | 35.66 | 36.15 | 36.28 | 0.33 | 0.34 | 0.33 | 0.32 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 52.70 | 52.71 | 52.71 | 52.72 | 52.73 | 52.73 | 52.73 | 52.74 | 52.74 | 52.74 | 0.53 | 0.53 | 0.53 | 0.53 |
| Non-institutional | 4.22 | 4.18 | 4.21 | 4.11 | 3.98 | 4.11 | 4.06 | 4.05 | 3.99 | 3.74 | 0.04 | 0.04 | 0.04 | 0.04 |
| Shares outstanding | 178629211 | 178652053 | 178664387 | 178697222 | 178725034 | 357489842 | 357489842 | 357502615 | 357523346 | 357523346 | 357592310 | 357598310 | 357634631 | 357640475 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| The Phoenix Mills Limited | Holding Company | Advance, Any other transaction, Dividend paid, Inter | 4,167,676,000.00 | 47 |
| Astrea Real Estate Developers Private Limited | Subsidiary | Any other transaction, Inter-corporate deposit | 3,231,103,000.00 | 17 |
| Vamona Developers Private Limited | Fellow Subsidiary | Inter-corporate deposit | 3,050,000,000.00 | 1 |
| Astrea Real Estate Developers Pvt Ltd | Fellow Subsidiary | Any other transaction, Inter-corporate deposit, Sale | 1,250,127,000.00 | 3 |
| Offbeat Developers Private Limited | Fellow Subsidiary | Inter-corporate deposit | 1,250,000,000.00 | 1 |
| Casper Realty Private Limited | Subsidiary | Inter-corporate deposit, Sale of goods or services | 1,200,015,000.00 | 3 |
| Dhanalakshmi Engineering Private Limited | Subsidiary Company | Inter-corporate deposit, Investment | 1,084,141,000.00 | 2 |
| Pulankinar Investment and Finance Private Limited | Subsidiary Company | Inter-corporate deposit, Investment | 814,787,000.00 | 2 |
| Plutocrate Commercial Real Estate Private Limited | Subsidiary | Any other transaction, Sale of goods or services | 777,648,000.00 | 4 |
| Classic Mall Development Company Limited | Subsidiary | Dividend received, Inter-corporate deposit, Sale of | 670,390,000.00 | 4 |
| Destiny Retail Mall Developers Pvt Ltd. | Subsidiary | Interest received, Investment | 605,501,000.00 | 2 |
| Thoth Mall and Commercial Real Estate Private Limited | Subsidiary Company | Any other transaction, Sale of goods or services | 520,648,000.00 | 4 |
| Graceworks Realty & Leisure Priave Limited. | Holding Company | Any other transaction | 520,002,000.00 | 2 |
| Island Star Mall Developers Pvt. Ltd. | Holding Company | Any other transaction, Inter-corporate deposit, Sale | 510,639,000.00 | 14 |
| Starboard Hotels Pvt Ltd | Fellow Subsidiary | Investment | 500,000,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-03 | Q1FY27 | Read the call | |
| 2026-04-30 | Q4FY26 | Read the call | |
| 2026-02-03 | Q3FY26 | Read the call | |
| 2025-11-05 | Q2FY26 | Read the call | |
| 2025-07-28 | Q1FY26 | Read the call | |
| 2025-05-07 | Q4FY25 | Read the call | |
| 2025-02-05 | Q3FY25 | Read the call | |
| 2024-10-30 | Q2FY25 | Read the call | |
| 2024-08-06 | Q1FY25 | Read the call | |
| 2024-05-22 | Q4FY24 | Read the call | |
| 2024-02-16 | Q3FY24 | Read the call | |
| 2023-11-13 | Q2FY24 | Read the call | |
| 2023-08-14 | Q1FY24 | Read the call | |
| 2023-05-30 | Q4FY23 | Read the call | |
| 2023-02-13 | Q3FY23 | Read the call | |
| 2022-11-11 | Q2FY23 | Read the call | |
| 2022-08-17 | Q1FY23 | Read the call | |
| 2022-05-30 | Q4FY22 | Read the call | |
| 2022-02-11 | Q3FY22 | Read the call | |
| 2021-11-08 | Q2FY22 | Read the call | |
| 2021-08-10 | Q1FY22 | Read the call | |
| 2021-05-31 | Q4FY21 | Read the call | |
| 2021-02-18 | Q3FY21 | Read the call | |
| 2020-11-18 | Q2FY21 | Read the call | |
| 2020-08-01 | Q1FY21 | Read the call | |
| 2020-07-02 | Q1FY21 | Read the call | |
| 2020-02-18 | Q3FY20 | Read the call | |
| 2019-11-19 | Q2FY20 | Read the call | |
| 2019-08-16 | Q1FY20 | Read the call | |
| 2019-05-20 | Q4FY19 | Read the call | |
| 2019-02-11 | Q3FY19 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY26 | Q4FY19 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | This has enabled us to fund our ongoing CAPEX and the ISML partner buyout primarily through equity, while keeping overall leverage at prudent levels. | My second question is, if you can probably give us the amount of CAPEX you are likely to incur on your own balance sheet? | 3,000 million for FY21. This is before CAPEX and principal repayment. | FY22 capex includes amounts spent towards acquiring FSI and approvals for the office-led mixed-use development at Lower Parel for about Rs. | So, first question is on what is the pending CAPEX in ongoing retail assets and ongoing offices we are going to complete over the next couple of years… | We have reinvested a considerable amount of this cash flow through capital expenditure across assets under development and one land acquisition during… | On cash flow CAPEX (capital expenditure) side, cash flow remains strong at Rs. | — |
| Capital allocation | — | And another part of this question would be, have we taken a pause after the acquisition of these five projects or we are still scouting for opportunit… | 310 crore or there about plus stamp duty for the land acquisition. | Post this acquisition Classic Mall is now a wholly owned subsidiary of The Phoenix Mills Ltd effective May 5, 2022. | So, as I said, we try and create a differentiated product, we've not seen much of the competitive activity across, especially in terms of opening new … | Case and example Phoenix Palassio Lucknow within six years of acquisition we are seeing a yield on cost of about 17% and growing every year. | I mean of course this will, I mean any other acquisition or a bigger FSI purchase will be over and above that but on a construction side the number sh… | What is your thought about divesting those assets or do they serve a purpose in your portfolio? |
| Costs | — | — | — | So, the cost escalation impact on account of price escalation or input cost going up, the impact is minimal. | — | — | — | — |
| Debt and cash | Alongside this operating momentum, we continue to maintain a prudent and flexible balance sheet, supported by strong operating cash flows and discipli… | We have utilized the operational cash flows to therefore reduce debt by approximately Rs. | 5,231 million, this was at 54% of FY20. Now coming to a quick update on our cash flows. | At a group level our net debt is about Rs. | — | On the consolidated cash flows front, we have crossed the milestone of Rs. | 500 crores in revenue for the first time in FY25. The strong financial performance of our core annuity portfolio has translated to strong operating ca… | Offices saw strong leasing momentum across newly delivered assets, residential sales provided incremental cash flows, and hospitality remained resilie… |
| Demand | During Q3 FY26, across retail, offices, hospitality and residential, we saw strong festive demand and consistent execution. | A brief update on our pipelines, during the quarter, construction was in full swing across upcoming Phoenix MarketCities in Pune, Bangalore, and Luckn… | We have witnessed strong traction in residential sales mainly led by the reconfiguration of our Kessaku property into smaller units and the robust dem… | Moving on to the residential business we have witnessed very good traction in residential sales mainly led by the reconfiguration of our Kessaku devel… | So, from our current experience, since we are marketing Phoenix Asia Towers in Bangalore, we are seeing good traction and are seeing very good pipelin… | We have had another remarkable year during FY24. Slide #29 and #30 show a strong demand and fast conversion where we have seen gross sales of approxim… | We also made substantial progress in our commercial office portfolio with our offices Phoenix Asia Towers in Bangalore and Tower 3 of Millennium Tower… | Cinema and entertainment delivered 22% growth, while jewellery and electronics grew by over 30%, reflecting both premiumization and healthy discretion… |
| Guidance | And if I just compare the increase in the fixed rent compared to the total rent that we were seeing previously, we expect to see a 35% to 40% increase… | Even more impressive is the fact that consumption of the asset has grown at an impressive rate of 17% year-on-year for the last three years and the ou… | However, we expect operating performance to remain subdued in the near term due to lockdowns. | Further during FY23 we expect to commence construction at a retail site in Kolkata as well as Lower Parel, the commercial site. | At Wakad, by FY25 end/FY26 we expect net rent to be in the range of about Rs. | And guidance for next year, what kind of things to grow you are looking at? | As more stores mature and scale up in these malls, we expect this to translate into stronger rental growth over the coming quarters as well. | We expect a meaningful step-up in rental income and EBITDA from FY27 onwards. |
| Margin | 1,121 crores, an increase of 15% year-on-year, while consolidated EBITDA grew by 19% year-on-year to Rs. | The strong operational performance has resulted in stellar financial performance with the mall EBITDA growing by 28% to Rs. | We continue to report a positive EBITDA at our property level led by steps to bring in cost efficiencies. | Q4 FY22 retail EBITDA mirrored consumption recovery and came in at about 106% of Q4 FY19 which is a pre COVID quarter and about 119% of Q4 of FY20. FY… | Now, if I look at full year FY23 numbers versus FY20 on a like-to-like basis your retail EBITDA has grown 22%, the rental growth has been 15% and the … | This slide provides a breakup of the performance and highlights the contribution from new malls during FY24. EBITDA from the retail business for the f… | 3,507 crores, up 16% year-on-year and EBITDA of Rs. | Underlying operating leverage improved across segments and operating cash flows remained robust, supporting both growth investments and first tranche … |
| People | — | — | Just want to understand what is the utilization of the infusion of Rs. | So, if possible for you to give us a clue in terms of utilization in the next couple of years? | — | — | — | — |
| Pricing | — | — | And secondly, towards the end of FY20 you have indicated that there is a certain amount of re-pricing opportunity, which obviously couldn’t come throu… | All the orders had been placed previously and the pricing is locked. | — | We have taken some price hikes and the market has also accepted that well. | — | 21,000, supported by strong occupancy, underscoring its premium positioning and pricing power. |
| Revenue growth | Retail delivered robust consumption growth of 25% year-on-year during the festive quarter, driven by broad-based demand across categories. | 19,816 million which again was a strong growth of 22% year-on-year. | — | If you can help us better understand on the granularity of this consumption growth of 129% versus FY19. If you can give more color on how the mix chan… | So, consumption growth of course is very strong; rental growth could depend a bit on the areas that come on stream. | 11,344 crores approximately demonstrating a year-on-year growth of 23% over FY23. On a like-to-like basis, consumption in FY24 grew by 8% over FY23 le… | 13,750 crores, which is a 21% increase over FY24. This impressive growth was driven by the ramp up of our new malls, particularly Phoenix Mall of the … | FY26 consumption growth was 21% but if you adjust for jewelry and electronics then what would that number have been? |