Phoenix Mills reported a 7.14% YoY rise in consolidated net profit to ₹326 crore, up from ₹304 crore a year ago. Revenue edged 3.4% higher at ₹1,153 crore, while EBITDA climbed 6.5% to ₹710 crore, pushing the margin to 61.6% from 59.8%—the firm’s filing notes.
The commercial office segment led the surge, recording ₹89 crore from ₹52 crore, a 64% jump. Occupancy in Mumbai and Pune hit 83% in September 2026 versus 77% the year before, and when new 2025 completions are counted, the portfolio sits at 79%.
Residential sales were ₹84 crore, with collections at ₹85 crore, outpacing the ₹147 crore gross sales and ₹136 crore collections for the first half of FY27. The firm underscored its 2030 roadmap embedded in existing assets and development rights.
Analysts note the office income lift could translate into higher EBITDA margins, especially as the firm continues to add 6 lakh sq ft of leased space across key metros in the first half of FY27.
Shares closed 0.64% lower at ₹1,957.20 on Oct 30, a dip of ₹12.70, reflecting market caution ahead of the earnings release and the need to digest the occupancy gains.