Shares of Phoenix Mills gained 2.07% to trade at Rs 1,511.50 in Thursday's session. At 10:07 am, the stock showcased positive movement compared to its previous close, reflecting optimistic investor activity.
Phoenix Mills is included as one of the stocks in the Nifty Midcap 150 index.
Financial Performance
Here is a summary of Phoenix Mills' key financial data:
Consolidated Quarterly Financials
The following table presents the consolidated quarterly financial performance of Phoenix Mills:
| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 1,305.95 Crore | Rs 904.14 Crore | Rs 917.97 Crore | Rs 975.13 Crore | Rs 1,016.34 Crore |
| Net Profit | Rs 388.80 Crore | Rs 313.44 Crore | Rs 290.64 Crore | Rs 350.93 Crore | Rs 346.51 Crore |
| EPS | 18.09 | 13.01 | 8.17 | 7.41 | 7.52 |
The revenue for the quarter-ending March 2025 stood at Rs 1,016.34 Crore, compared to Rs 1,305.95 Crore in March 2024. Net profit for the same period was Rs 346.51 Crore, slightly lower than the Rs 388.80 Crore reported in March 2024.
Consolidated Yearly Financials
The following table presents the consolidated yearly financial performance of Phoenix Mills:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 1,073.29 Crore | Rs 1,483.48 Crore | Rs 2,638.35 Crore | Rs 3,977.69 Crore | Rs 3,813.57 Crore |
| Net Profit | Rs 33.90 Crore | Rs 247.99 Crore | Rs 1,472.50 Crore | Rs 1,326.32 Crore | Rs 1,301.53 Crore |
| EPS | 3.20 | 13.31 | 74.76 | 61.36 | 27.53 |
| BVPS | 360.96 | 504.78 | 620.13 | 693.21 | 292.24 |
| ROE | 1.07 | 3.60 | 15.93 | 11.62 | 9.42 |
| Debt to Equity | 0.75 | 0.60 | 0.51 | 0.49 | 0.45 |
The annual revenue for 2025 was Rs 3,813.57 Crore, slightly down from Rs 3,977.69 Crore in 2024. Net profit also saw a minor decrease from Rs 1,326.32 Crore in 2024 to Rs 1,301.53 Crore in 2025.
Consolidated Yearly Income Statement
The following table provides a detailed look at Phoenix Mills' consolidated yearly income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 3,813 Crore | Rs 3,977 Crore | Rs 2,638 Crore | Rs 1,483 Crore | Rs 1,073 Crore |
| Other Income | Rs 150 Crore | Rs 132 Crore | Rs 116 Crore | Rs 74 Crore | Rs 92 Crore |
| Total Income | Rs 3,964 Crore | Rs 4,109 Crore | Rs 2,754 Crore | Rs 1,557 Crore | Rs 1,165 Crore |
| Total Expenditure | Rs 1,966 Crore | Rs 2,071 Crore | Rs 742 Crore | Rs 935 Crore | Rs 788 Crore |
| EBIT | Rs 1,998 Crore | Rs 2,038 Crore | Rs 2,012 Crore | Rs 622 Crore | Rs 377 Crore |
| Interest | Rs 403 Crore | Rs 395 Crore | Rs 341 Crore | Rs 294 Crore | Rs 347 Crore |
| Tax | Rs 293 Crore | Rs 316 Crore | Rs 198 Crore | Rs 80 Crore | Rs -4 Crore |
| Net Profit | Rs 1,301 Crore | Rs 1,326 Crore | Rs 1,472 Crore | Rs 247 Crore | Rs 33 Crore |
Consolidated Quarterly Income Statement
The following table provides a detailed look at Phoenix Mills' consolidated quarterly income statement:
| Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 1,016 Crore | Rs 975 Crore | Rs 917 Crore | Rs 904 Crore | Rs 1,305 Crore |
| Other Income | Rs 45 Crore | Rs 30 Crore | Rs 37 Crore | Rs 38 Crore | Rs 37 Crore |
| Total Income | Rs 1,061 Crore | Rs 1,005 Crore | Rs 955 Crore | Rs 942 Crore | Rs 1,343 Crore |
| Total Expenditure | Rs 549 Crore | Rs 487 Crore | Rs 477 Crore | Rs 451 Crore | Rs 754 Crore |
| EBIT | Rs 511 Crore | Rs 517 Crore | Rs 477 Crore | Rs 491 Crore | Rs 588 Crore |
| Interest | Rs 94 Crore | Rs 102 Crore | Rs 103 Crore | Rs 103 Crore | Rs 99 Crore |
| Tax | Rs 71 Crore | Rs 64 Crore | Rs 83 Crore | Rs 74 Crore | Rs 99 Crore |
| Net Profit | Rs 346 Crore | Rs 350 Crore | Rs 290 Crore | Rs 313 Crore | Rs 388 Crore |
Consolidated Balance Sheet
The following table presents the consolidated balance sheet of Phoenix Mills:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 71 Crore | Rs 35 Crore | Rs 35 Crore | Rs 35 Crore | Rs 34 Crore |
| Reserves & Surplus | Rs 10,376 Crore | Rs 9,421 Crore | Rs 8,344 Crore | Rs 6,546 Crore | Rs 4,850 Crore |
| Current Liabilities | Rs 2,368 Crore | Rs 2,245 Crore | Rs 2,578 Crore | Rs 2,041 Crore | Rs 2,064 Crore |
| Other Liabilities | Rs 8,715 Crore | Rs 7,580 Crore | Rs 6,630 Crore | Rs 5,710 Crore | Rs 4,505 Crore |
| Total Liabilities | Rs 21,531 Crore | Rs 19,283 Crore | Rs 17,589 Crore | Rs 14,334 Crore | Rs 11,455 Crore |
| Fixed Assets | Rs 17,017 Crore | Rs 14,020 Crore | Rs 12,641 Crore | Rs 9,250 Crore | Rs 8,175 Crore |
| Current Assets | Rs 2,696 Crore | Rs 3,387 Crore | Rs 3,466 Crore | Rs 3,817 Crore | Rs 2,017 Crore |
| Other Assets | Rs 1,817 Crore | Rs 1,875 Crore | Rs 1,481 Crore | Rs 1,266 Crore | Rs 1,262 Crore |
| Total Assets | Rs 21,531 Crore | Rs 19,283 Crore | Rs 17,589 Crore | Rs 14,334 Crore | Rs 11,455 Crore |
| Contingent Liabilities | Rs 0 Crore | Rs 695 Crore | Rs 891 Crore | Rs 1,083 Crore | Rs 690 Crore |
Consolidated Cash Flow
The following table summarizes the consolidated cash flow statement of Phoenix Mills:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 2,083 Crore | Rs 2,161 Crore | Rs 1,356 Crore | Rs 780 Crore | Rs 436 Crore |
| Investing Activities | Rs -2,162 Crore | Rs -1,859 Crore | Rs -1,536 Crore | Rs -2,841 Crore | Rs -954 Crore |
| Financing Activities | Rs -47 Crore | Rs -299 Crore | Rs 136 Crore | Rs 2,227 Crore | Rs 521 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 8 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs -125 Crore | Rs 3 Crore | Rs -35 Crore | Rs 166 Crore | Rs 3 Crore |
Financial Ratios
Key financial ratios for Phoenix Mills are as follows:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 3.20 | 13.31 | 74.76 | 61.36 | 27.53 |
| Diluted EPS (Rs.) | 3.19 | 13.30 | 74.71 | 61.31 | 27.52 |
| Book Value / Share (Rs.) | 360.96 | 504.78 | 620.13 | 693.21 | 292.24 |
| Dividend/Share (Rs.) | 1.00 | 2.40 | 5.00 | 5.00 | 2.50 |
| P/E (x) | 121.98 | 41.32 | 8.70 | 22.68 | 59.69 |
| P/B (x) | 2.75 | 2.98 | 2.77 | 5.24 | 5.61 |
| Debt to Equity (x) | 0.75 | 0.60 | 0.51 | 0.49 | 0.45 |
Corporate Actions
Phoenix Mills has undertaken several corporate actions, including bonus issues and stock splits. Most recently, on July 14, 2025, the company disclosed the grant of approval for the voluntary strike-off of non-material wholly-owned subsidiaries.
The company announced a bonus issue on July 31, 2024, with a bonus ratio of 1:1 and an ex-bonus date of September 20, 2024.
Phoenix Mills had also announced a final dividend of Rs 5 per share (250%) on May 17, 2024, with an effective date of August 20, 2024.
The stock split with old FV of 10 and new FV of 2 was announced on 2007-12-19 with exsplit date of Feb 13, 2008 and record date of Feb 20, 2008.
Phoenix Mills' stock demonstrated a gain of 2.07% in today's trading session, trading at Rs 1,511.50.
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