Shares of The Phoenix Mills Ltd traded over 1.3% higher at ₹1,705 in morning trade on Monday after the company posted a strong set of numbers for the quarter ended September 2025. The stock has moved up nearly 2% intraday, supported by robust earnings momentum and healthy operational performance.
The company reported a 39.5% year-on-year rise in consolidated net profit to ₹304 crore, compared to ₹218 crore in the same period last year. This sharp growth was driven by improving rental income and solid consumption trends across its retail malls.
Revenue from operations increased 21.5% YoY to ₹1,115.4 crore, while EBITDA rose 29% to ₹667 crore, leading to an improvement in EBITDA margin to 59.8% from 56.4% a year ago. Retail rental income grew 10% YoY to ₹527 crore, supported by strong tenant sales and footfalls, with retail consumption rising 14% YoY to ₹3,750 crore.
Leasing activity remained healthy, with 9.4 lakh sq. ft. leased year-to-date, while the hospitality segment recorded a 12% sequential rise in EBITDA aided by better occupancy and room rates.
Newly operational assets — Phoenix Mall of Asia (Bengaluru) and Phoenix Mall of the Millennium (Pune) — continued to outperform, with trading levels exceeding expectations.
Phoenix Mills’ debt position improved during the quarter, with net debt-to-EBITDA at 0.9x and the average cost of debt easing to 7.68%.
The company reiterated its long-term growth strategy of scaling its retail footprint and unlocking value across under-construction projects in Chennai, Kolkata, and Surat, aiming to exceed 15 million sq. ft. of retail space in the coming years.
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