Phoenix Overseas reported a 25.1% rise in revenue from operations to ₹61,313.94 lakh for the financial year ended March 31, 2026, while net profit declined to ₹319.42 lakh. The board of directors approved the audited standalone and consolidated financial results for the half and year ended March 31, 2026, and recommended a final dividend of 6% for FY26.

The company's total revenue for FY26 stood at ₹61,313.94 lakh, up from ₹49,026.13 lakh in the previous year. Total expenses increased to ₹60,879.80 lakh from ₹48,286.90 lakh. Net profit for the year was ₹319.42 lakh compared to ₹549.10 lakh in FY25. Earnings per share (EPS) for the year decreased to ₹1.65 from ₹8.37 in the prior year.

The board recommended a dividend of 0.60 paisa per equity share of ₹10 each, amounting to 6%, for the financial year 2025-26. This dividend is subject to the approval of members at the 23rd Annual General Meeting scheduled for August 28, 2026. The company has fixed Friday, May 29, 2026, as the record date to determine shareholder entitlement for the proposed dividend.

On the balance sheet front, total assets increased to ₹14,589.34 lakh as of March 31, 2026, from ₹13,783.55 lakh a year earlier. Shareholders' funds rose to ₹7,987.83 lakh from ₹7,784.49 lakh. Cash and cash equivalents improved to ₹1,524.45 lakh from ₹1,310.26 lakh.

Financial Performance

Segment Performance

Merchant Exports remained the primary revenue driver, contributing ₹61,009.28 lakh for the year. Fashion Accessories and Cold Storage Operations generated revenues of ₹103.25 lakh and ₹201.42 lakh, respectively. The statutory auditors, Jain Seth & Co., issued an audit report with an unmodified opinion on the financial results.

Phoenix Overseas Limited has identified clerical errors in its Consolidated Financial Statements for the year ended March 31, 2026, which were originally filed on May 20, 2026. The company stated that the figures relating to Earnings Per Share (EPS) were incorrectly stated due to a clerical oversight. Additionally, the heading of the financial statement was inadvertently mentioned as "Unaudited Financial Statements" instead of "Audited Financial Statements for the year ended 31st March, 2026".

The company clarified that these errors are purely clerical in nature and do not affect any other financial information, disclosures, or the overall financial position and performance of the entity. Consequently, the company will file revised XBRL for Financial Results, which will be submitted through announcements in PDF format.

The audited financial results for the year ended March 31, 2026, reported a total revenue of ₹61,313.94 lacs, compared to ₹49,026.13 lacs in the previous year. Net profit for the period stood at ₹343.17 lacs, a decrease from ₹458.26 lacs in the prior year. The company’s total assets as of March 31, 2026, were recorded at ₹14,722.36 lacs.

Financial Performance

The following table outlines the key financial metrics for the year ended March 31, 2026, compared to the previous year:

Segment Reporting

The company operates across three primary segments: Merchant Exports, Fashion Accessories, and Cold Storage Operations. Merchant Exports remained the dominant revenue driver, contributing ₹61,009.28 lacs to the total revenue for the year ended March 31, 2026. Fashion Accessories and Cold Storage Operations contributed ₹103.25 lacs and ₹201.42 lacs, respectively.

Auditor's Opinion

M/s Jain Seth & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results. The audit report confirms that the consolidated financial results give a true and fair view of the net profit and other financial information of the Group for the half year and year ended March 31, 2026, in conformity with the recognition and measurement principles laid down in the applicable accounting standards.