{"id":178311,"date":"2026-01-29T05:05:01","date_gmt":"2026-01-29T10:05:01","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178311"},"modified":"2026-01-29T05:05:03","modified_gmt":"2026-01-29T10:05:03","slug":"phoenix-mills-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/phoenix-mills-q3-fy26-earnings-results\/","title":{"rendered":"Phoenix Mills Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Phoenix Mills Ltd is engaged in the operation &amp; management of malls, construction of commercial &amp; residential property and hotel business in India. Its core businesses include Retail, Office, Hotel and Asset Management.<\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: Consolidated \u20b91,168 cr, +16% YoY vs \u20b91,006 cr, record quarterly net sales \u20b91,121 cr (+15% YoY); standalone net sales \u20b9146 cr (+14% YoY), driven by robust retail leasing and occupancy, healthy footfalls, and strong tenant performance amid festive demand.<\/li>\n\n\n\n<li>EBITDA: Operating EBITDA \u20b9704 cr (+21% YoY implied from prior trends), but interest costs \u20b9102 cr (+11% QoQ) and depreciation \u20b986 cr pressured profitability; margins contracted 149 bps QoQ to 32.8% on higher finance\/depreciation.<\/li>\n\n\n\n<li>PAT: Consolidated \u20b9276 cr (+4% YoY vs \u20b9265 cr, \u22129% QoQ), PAT margin 32.8% (\u2212149 bps QoQ); standalone PAT \u20b946 cr (18% YoY); 9M PAT \u20b9820 cr (+15% YoY vs \u20b9715 cr).<\/li>\n\n\n\n<li>Other key metrics: 9M revenue \u20b93,299 cr (+14% YoY), total income \u20b93,190 cr (+14% YoY); retail consumption strong, gross leasing 1.2 msf in Q3, occupancy improvements in offices; net debt stable.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:36px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Highest-ever quarterly <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/a4a07f2c-2b49-4c4a-a7c4-c936042894a2.pdf\" target=\"_blank\" rel=\"noopener\">sales reflect asset portfolio strength<\/a> and resilient demand for premium retail\/commercial space, though sequential profit dip from rising interest\/depreciation; sustained momentum in 9M performance.<\/li>\n\n\n\n<li>Strategic moves: Continued expansion with new malls in Kolkata\/Surat, office in Bengaluru; focus on repositioning MarketCity malls for higher trading densities; earnings call concluded on results, confident in growth trajectory.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: Consolidated \u20b91,115 cr (+22% YoY vs \u20b9918 cr), H1 \u20b92,068 cr (+14% YoY); retail sales \u20b93,750 cr H1 (+14% YoY), leasing 1 msf+ offices.<\/li>\n\n\n\n<li>EBITDA: \u20b9667 cr (+29% YoY), H1 \u20b91,231 cr (+17% YoY), margins expanded on occupancy\/rental hikes.<\/li>\n\n\n\n<li>PAT: \u20b9304 cr (+39% YoY), H1 strong growth; operating cash flow H1 \u20b9981 cr (+21% YoY).<\/li>\n\n\n\n<li>Other key metrics: Retail rental +10% YoY Q2; office occupancy 67\u201377%; residential sales \u20b9287 cr H1.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Strategic repositioning yielding results with improved densities\/consumption; consumer confidence boosting performance.<\/li>\n\n\n\n<li>Strategic moves: Debt reduction \u20b9500 cr to \u20b92,200 cr; pipeline execution for sustainable growth.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phoenix Mills Ltd is engaged in the operation &amp; management of malls, construction of commercial &amp; residential property and hotel business in India. Its core businesses include Retail, Office, Hotel and Asset Management. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 To view the company\u2019s previous earnings [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,11809],"tags":[8892],"class_list":["post-178311","post","type-post","status-publish","format-standard","hentry","category-infographics","category-realty","tag-real-estate"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178097,"url":"https:\/\/alphastreet.com\/india\/siyaram-silk-q3-fy26-earnings-results\/","url_meta":{"origin":178311,"position":0},"title":"Siyaram Silk Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 28, 2026","format":false,"excerpt":"Siyaram Silk Mills Ltd is a Textile manufacturing company. 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