Phoenix Overseas FY26 net profit falls to ₹319.42 lakh
Phoenix Overseas Limited reported a decline in net profit to ₹319.42 lakh for FY26 from ₹549.10 lakh in the previous year, while revenue from operations increased to ₹61,048.77 lakh. The board recommended a final dividend of 6% and scheduled the 23rd AGM for August 28, 2026.
*this image is generated using AI for illustrative purposes only.
Phoenix Overseas Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The board of directors, which met on May 20, 2026, approved the results and recommended a dividend for the fiscal year.
The company reported a net profit of ₹319.42 lakh for the year ended March 31, 2026, compared to ₹549.10 lakh in the previous year ended March 31, 2025. Total revenue from operations for FY26 stood at ₹61,048.77 lakh, up from ₹48,795.38 lakh in FY25. Total revenue, including other income, increased to ₹61,313.94 lakh from ₹49,026.13 lakh in the prior year.
Financial Performance
The total expenses for the year rose to ₹60,879.80 lakh from ₹48,286.90 lakh in the previous year. Profit before tax for the year was ₹434.14 lakh, a decline from ₹739.23 lakh in FY25. The basic and diluted earnings per share (EPS) for the year were recorded at ₹1.65, compared to ₹8.37 in the previous year.
The company noted that the year was challenging due to geopolitical disturbances, particularly in Bangladesh, and volatility in exchange rates. However, the second half of the financial year saw significant improvements in both top line and bottom line. Better working capital management helped reduce finance expenses from 0.81% of revenue in FY 2024-25 to 0.57% in FY 2025-26.
Dividend Declaration
The board has recommended a dividend of ₹0.60 paisa per equity share of ₹10 each, equivalent to 6%, for the financial year 2025-26. This dividend is subject to the approval of members at the ensuing 23rd Annual General Meeting. The company has fixed Friday, May 29, 2026, as the record date to determine the entitlement of members for the proposed final dividend.
Key Financial Metrics
| Metric | FY26 (₹ in Lacs) | FY25 (₹ in Lacs) |
|---|---|---|
| Revenue from Operations | 61,048.77 | 48,795.38 |
| Total Revenue | 61,313.94 | 49,026.13 |
| Total Expenses | 60,879.80 | 48,286.90 |
| Net Profit | 319.42 | 549.10 |
| Basic EPS | 1.65 | 8.37 |
Corporate Actions
The 23rd Annual General Meeting of the company is scheduled to be held on Friday, August 28, 2026, at 3:00 p.m. IST via Video Conferencing. The company has fixed Friday, July 31, 2026, as the cut-off date for determining shareholders to whom the notice of the AGM will be sent. The statutory auditors, Jain Seth & Co. Chartered Accountants, have issued an audit report with an unmodified opinion on the financial results.
Historical Stock Returns for Phoenix Overseas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.28% | +0.83% | -0.27% | -4.97% | -32.90% | -70.15% |
How might Phoenix Overseas plan to sustain its revenue growth momentum in FY27 given the ongoing geopolitical uncertainties in Bangladesh and potential currency volatility?
What strategic measures is the company considering to improve its profit margins, given that net profit declined sharply despite a 25% revenue increase in FY26?
Could Phoenix Overseas's exposure to Bangladesh-related disruptions lead to a diversification of its supply chain or geographic focus in the near term?
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