The Board of Directors of The Phoenix Mills Limited, at its meeting held on April 27, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a standalone net profit of ₹54.80 Crores for the quarter, representing a 6.26% increase compared to ₹51.57 Crores in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹135.45 Crores, up 8.48% from ₹124.86 Crores YoY. On a sequential basis, revenue decreased by 6.99% from ₹145.63 Crores in Q3 FY26, while net profit rose significantly from ₹17.89 Crores in the previous quarter. The Board also recommended a final dividend of ₹2.50 per equity share (125%) for the financial year.

The Phoenix Mills Limited is a leading retail-led mixed-use real estate developer in India, primarily engaged in the business of property and related services. The company operates major consumption hubs, including the “Phoenix Marketcity” and “Phoenix Palladium” malls across key Indian cities like Mumbai, Pune, Bengaluru, and Chennai. Its business model integrates premium retail spaces with commercial offices and hospitality assets, such as the St. Regis Mumbai. During 2025 and early 2026, the company continued to expand its footprint, notably increasing its stake in Island Star Mall Developers Private Limited to 58.33% following an agreement with the Canada Pension Plan Investment Board. The company’s strategic focus remains on high-growth urban centers, leveraging its expertise in managing large-scale retail and hospitality destinations.