Phoenix Mills Share News - Latest Updates, Live News & More

Latest news about Phoenix Mills

Phoenix Mills Reports Strong Q2 FY26 Results with 22% Revenue Growth 3 days ago

Phoenix Mills Limited reported impressive Q2 FY26 results with revenue up 22% to ₹1,115 crore, EBITDA up 29% to ₹667 crore, and net profit up 39% to ₹304 crore. H1 FY26 saw 14% revenue growth to ₹2,068 crore. Retail portfolio showed 13% YoY growth in H1 with ₹7,335 crore in sales. Office portfolio achieved over 1 million sq ft of gross leasing, improving occupancy from 67% to 77%. Residential sales crossed ₹287 crore in H1. Net debt reduced by ₹500 crore to ₹2,200 crore. The company announced expansion plans including new malls in Kolkata and Surat, and office space in Bengaluru.

Phoenix Mills Enters ₹59.3 Million Agreement with JSW Neo Energy and O2 Renewable for Solar Power Investment 3 days ago

The Phoenix Mills Reports Robust Q2 Performance with 36% Surge in Net Profit 6 days ago

Phoenix Mills Reports Strong Q2 FY26 Performance with 22% Revenue Growth 7 days ago

Phoenix Mills Reports Robust Q2 FY26 Performance with 29% Jump in EBITDA 8 days ago

More news about Phoenix Mills

13Oct 25

Phoenix Mills Reports 13% YoY Growth in Retailer Consumption for Q2 FY26

Phoenix Mills, a leading retail-led mixed-use developer in India, announced a 13% year-on-year increase in retailer consumption across its properties for Q2 FY26. This growth indicates robust performance in the company's retail operations and could potentially lead to increased rental income. The positive trend may boost investor confidence in the retail real estate sector and reflect broader consumer spending patterns in the Indian economy.

10Oct 25

Phoenix Mills Reports Robust Growth Across Business Segments in Q2 & H1 FY26

Phoenix Mills demonstrated robust growth in Q2 and H1 FY26 across its diverse portfolio. Retail segment saw 13% YoY increase in Q2 consumption. Commercial offices achieved 76% occupancy by September 2025, up from 67% in March. Hospitality segment showed mixed results with St. Regis Mumbai maintaining 85% occupancy while Courtyard by Marriott Agra experienced declines. Residential segment excelled with Q2 gross sales of Rs. 139 cr, up from Rs. 27 cr in Q2 FY25. H1 FY26 residential sales of Rs. 287 cr already surpassed full-year FY25 figures.

30Sept 25

Phoenix Mills Streamlines Operations: Three Non-Material Subsidiaries Struck Off

Phoenix Mills Limited (PML) has received approval from the Ministry of Corporate Affairs for the voluntary strike-off of three non-material wholly owned subsidiaries: Enhance Holdings Private Limited, Sangam Infrabuild Corporation Private Limited, and Bartraya Mall Development Company Private Limited. This move is part of PML's strategy to simplify its corporate structure and potentially improve operational efficiency. The company has informed stock exchanges about this development and uploaded the information on its official website.

29Sept 25

The Phoenix Mills Elevates Shishir Shrivastava to Non-Executive Vice Chairman

Phoenix Mills Limited announces leadership changes effective October 1, 2025. Shishir Shrivastava, current Managing Director, will become Non-Executive Vice Chairman for a two-year term until September 30, 2027, subject to shareholder approval. Shrivastava, associated with the company since 1999, has been crucial in transforming it into a leading retail-led mixed-use developer in India. In his new role, he will guide and mentor executive management, support strategy formulation, and assist in corporate decision-making. Additionally, Rajesh Kulkarni and Rashmi Sen, both Whole-time Directors, have been designated as Key Managerial Personnel from the same date.

13Sept 25

Phoenix Mills Shareholders Overwhelmingly Approve Canada Pension Plan Investment Board's Exit from Subsidiary

Phoenix Mills Limited received strong shareholder support for Canada Pension Plan Investment Board's exit from its subsidiary, Island Star Mall Developers Private Limited. The resolution passed with 98.59% of valid votes in favor. Public institutions and non-institutions showed high approval rates, with 98.58% and 99.64% voting in favor respectively. The postal ballot voting was conducted from August 15 to September 13, 2025, and the results were confirmed by an appointed scrutinizer.

04Sept 25

Phoenix Mills Executes ₹76.98 Crore Block Trade on NSE

Phoenix Mills completed a block trade of 508,242 shares on the National Stock Exchange, valued at ₹76.98 crores with each share priced at ₹1,514.60. The company recently participated in the Motilal Oswal 21st Annual Global Investor Conference in Mumbai, engaging with institutional investors. This significant trade and investor engagement highlight the continued market interest in Phoenix Mills, a prominent real estate development company known for retail-led, mixed-use developments across India.

29Aug 25

Phoenix Mills' Subsidiary Acquires 45% Stake in O2 Renewable XXX

Pallazzio Hotels & Leisure Limited, a subsidiary of Phoenix Mills, has acquired a 45% stake in O2 Renewable Energy XXX Private Limited. The acquisition was completed through a combination of equity shares and compulsory convertible debentures. The primary objective is to purchase renewable energy from O2 Renewable XXX's captive generating plant. This move marks Phoenix Mills' strategic entry into the green energy space, aligning with the trend of corporations investing in renewable energy sources.

19Aug 25

Phoenix Mills Secures CCI Approval for Island Star Mall Developers Acquisition

Phoenix Mills has obtained approval from the Competition Commission of India (CCI) to acquire Island Star Mall Developers. This acquisition will allow Phoenix Mills to buy out Canada Pension Plan Investment Board's 49% stake in the subsidiary. The move is part of Phoenix Mills' strategic expansion in the retail real estate sector. The company is also set to participate in the Antique Investor Conference in Mumbai, engaging with institutional investors.

14Aug 25

Phoenix Mills Seeks Shareholder Approval for Rs. 5,449 Crore Exit of CPP Investments from Material Subsidiary

Phoenix Mills seeks shareholder approval for a Rs. 5,449.16 crore deal to buy out CPP Investments' 49% stake in Island Star Mall Developers Private Limited (ISMDPL). The transaction, to be paid in four tranches over three years, will make ISMDPL a wholly-owned subsidiary of Phoenix Mills. The deal involves dividend declarations, share buybacks, and selective capital reduction. ISMDPL's portfolio includes 4.4 million sq.ft. of operational retail assets and 2.2 million sq.ft. of commercial offices, with further developments underway. The move aims to consolidate Phoenix Mills' ownership in high-performing assets and is expected to be earnings accretive from the first year.

28Jul 25

Phoenix Mills Acquires CPP Investments' 49% Stake in ISMDPL for Rs 5,449 Crores, Reports Strong Q1 Performance

Phoenix Mills is acquiring Canada Pension Plan Investment Board's 49% stake in Island Star Mall Developers Private Limited (ISMDPL) for Rs 5,449 crores, payable over 36 months. This gives Phoenix Mills 100% ownership of ISMDPL, which includes 4.4 million sq ft of retail space, 2.2 million sq ft of offices, and planned expansions. The company reported strong Q1 results with 12% growth in retail consumption and 4% growth in rental income. Phoenix Mills aims to expand its portfolio to 14 million sq ft of retail, 3.5 million sq ft of offices, 1,200 hotel keys, and 2.5 million sq ft of residential inventory by FY 2030.

28Jul 25

Phoenix Mills to Acquire CPP Investments' 49% Stake in ISMDPL for Rs 5,449 Crores

Phoenix Mills Limited (PML) has approved the acquisition of Canada Pension Plan Investment Board's 49% stake in Island Star Mall Developers Private Limited (ISMDPL) for Rs 5,449 crores. The transaction will give PML complete ownership of ISMDPL, which comprises 4.4 million sq ft of operational retail space and 2.2 million sq ft of completed offices. The acquisition is expected to be value-accretive, with potential for significant EBITDA growth. PML also reported Q1 FY2026 results, showing 12% growth in retail consumption and 6% increase in Group EBITDA to Rs 544 crores.

25Jul 25

Phoenix Mills Reports 5% Revenue Growth in Q1 FY26; Acquires CPP Investments' Stake in ISMDPL

Phoenix Mills Limited (PML) reported a 5% year-on-year increase in consolidated revenue to Rs 953.00 crore for Q1 FY26. Operating EBITDA rose 6% to Rs 564.00 crore, while net profit grew 4% to Rs 241.00 crore. The company's retail consumption increased by 12% to Rs 3,588.00 crore, with retail rental income up 4% to Rs 506.00 crore. PML also announced the acquisition of CPP Investments' 49% stake in Island Star Mall Developers Private Limited (ISMDPL) for approximately Rs 5,449.00 crore, to be paid over 36 months. This acquisition will give PML 100% ownership of ISMDPL, subject to approvals.

24Jul 25

Phoenix Mills Reports Strong Q1 FY26 Growth; Set to Acquire Full Ownership of ISMDPL

Phoenix Mills Limited announced robust Q1 FY26 financial results with a 5% increase in consolidated revenue to Rs. 953.00 crore and a 6% rise in EBITDA to Rs. 564.00 crore. The company's retail segment showed significant growth, with retail consumption across malls increasing by 12% to Rs. 3,588.00 crore. In a strategic move, Phoenix Mills plans to acquire the remaining 49% stake in Island Star Mall Developers Private Limited (ISMDPL) from CPP Investments for approximately Rs. 5,449.00 crore, to be paid over 36 months. This acquisition will give Phoenix Mills 100% ownership of ISMDPL, which includes 4.4 million sq. ft. of operational retail space and 2.2 million sq. ft. of recently completed office space, with potential for further expansion.

24Jul 25

Phoenix Mills Reports Strong Q1 FY26 Results, Plans to Acquire Full Ownership of ISMDPL

Phoenix Mills Limited reported robust Q1 FY26 results with consolidated revenue up 5% to Rs. 953.00 crore and net profit growing 2% to Rs. 320.86 crore. The company's retail portfolio showed strong performance with 12% growth in consumption. Additionally, Phoenix Mills announced plans to acquire the remaining 49% stake in Island Star Mall Developers Private Limited from CPP Investments for approximately Rs. 5,449.00 crores, which will be paid over 36 months. This acquisition will give PML 100% ownership of ISMDPL, which operates major retail destinations with 4.4 million square feet of GLA.

24Jul 25

Phoenix Mills to Acquire CPP Investments' 49% Stake in Island Star Mall Developers for Rs 5,449 Crores

Phoenix Mills Limited (PML) plans to acquire Canada Pension Plan Investment Board's 49% equity stake in Island Star Mall Developers Private Limited (ISMDPL) for Rs 5,449.16 crores. The transaction will be executed over three years in four tranches, increasing PML's ownership in ISMDPL from 51% to 100%. ISMDPL owns and manages four retail destinations with 4.4 million sq ft GLA and two Grade A office developments totaling 2.2 million sq ft. PML's Q1 FY2026 results show consolidated revenue of Rs 953 crore (up 5% YoY), EBITDA of Rs 564 crore (up 6% YoY), and net profit of Rs 241 crore (up 4% YoY).

24Jul 25

Phoenix Mills Reports Strong Q1 Growth, Announces Full Acquisition of ISMDPL

Phoenix Mills Limited (PML) reported robust Q1 financial results with a 5% increase in consolidated revenue to Rs. 953.00 crore and a 6% rise in EBITDA to Rs. 564.00 crore. The company's retail segment showed strong performance with 12% growth in consumption. PML announced the acquisition of the remaining 49% stake in Island Star Mall Developers Private Limited (ISMDPL) from CPP Investments for Rs. 5,449.00 crore, to be paid over 36 months. This strategic move will give PML 100% ownership of ISMDPL, which includes 4.4 million sq ft of operational retail GLA and 2.2 million sq ft of completed office GLA.

22Jul 25

Phoenix Mills Ltd. Sees Rs. 15.60 Crore Block Trade on NSE; Earnings Call Scheduled

Phoenix Mills Ltd. (PML) experienced a notable block trade on NSE, with 106,043 shares traded at Rs. 1,470.80 per share, totaling Rs. 15.60 crores. The company has scheduled its Q1 FY2026 earnings call for July 24, 2025, at 6:00 PM IST, where key executives will discuss financial results for the quarter ended June 30, 2025. The Board Meeting to approve these results is also set for the same day.

14Jul 25

Phoenix Mills to Streamline Corporate Structure by Removing Non-Material Subsidiaries

Phoenix Mills Ltd. plans to streamline its corporate structure by voluntarily striking off three wholly-owned subsidiaries: Enhance Holdings Private Limited, Sangam Infrabuild Corporation Private Limited, and Bartraya Mall Development Company Private Limited. The process, expected to complete by January 31, 2026, has minimal financial impact on the company's consolidated performance. This move aims to simplify the organizational framework and potentially improve operational efficiency.

07Jul 25

Phoenix Mills Reports 12% YoY Increase in Q1 Retail Sales and Significant Growth in Residential Sales

Phoenix Mills, a leading real estate development company, has reported robust Q1 performance. Retail sales increased by 12% year-over-year. The residential segment saw exceptional growth with gross sales reaching 1.68 billion rupees, a 236% increase from the previous year's 500 million rupees.

23Jun 25

Phoenix Mills Shares: Major Block Trade Worth ₹54.10 Crore Executed

A substantial block trade of Phoenix Mills Ltd. (NSE: PHOENIXLTD) shares has been observed on the National Stock Exchange. The transaction involved 334,356 shares at ₹1,618.00 per share, totaling ₹54.10 crore. This large-scale trade has drawn attention in the market, potentially indicating interest from institutional investors or major stakeholders. The specific reasons and parties involved in the transaction have not been disclosed.

16Jun 25

Phoenix Mills Sees Block Trade of 147,123 Shares Worth Rs. 23.41 Crores

Phoenix Mills Ltd. experienced a significant block trade on the National Stock Exchange (NSE), involving approximately 147,123 shares at Rs. 1,591.30 per share. The total transaction value was Rs. 23.41 crores. This large-scale trade could indicate potential changes in substantial shareholding or institutional investor activity in the real estate sector.

10Jun 25

Phoenix Mills Sees Significant Block Trade Worth Rs. 53.12 Crores on NSE

A significant block trade of approximately 326,690 shares of Phoenix Mills Ltd. was executed on the National Stock Exchange (NSE). The transaction was valued at Rs. 53.12 crores, with shares priced at Rs. 1,625.90 each. This large-scale trade may indicate institutional activity or shifts in ownership structure, though the identities of the buyer and seller were not disclosed.

09Jun 25

Phoenix Mills Shares See Significant Block Trade on NSE

A significant block trade of 632,478 shares of Phoenix Mills Ltd. was executed on the National Stock Exchange (NSE) at ₹1,602 per share, totaling ₹101.32 crores. The identities of the buyer and seller were not disclosed. Phoenix Mills, known for developing retail-led, mixed-use properties in India, is a prominent player in the real estate sector.

02May 25

Phoenix Mills Forecasts Strong Rental and Consumption Growth, Unveils Mall Revamp Plans

Phoenix Mills, a leading retail-led mixed-use developer in India, anticipates significant rental and consumption growth in upcoming quarters. The company is focusing on revamping the Courtyard retail zone at Phoenix Palladium, expected to drive growth over the next 12-18 months. Their Indore project is projected to show strong consumption growth by FY27, boosted by improved mall access due to a new highway. The company also expects stronger rental growth as stores in their malls mature and scale up operations.

02May 25

Phoenix Mills Reports Q4 Profit Dip, Announces Dividend Amid Market Challenges

Phoenix Mills reported a Q4 consolidated net profit of 2.70 billion rupees, down from 3.27 billion rupees year-over-year. Q4 revenue decreased to 10.20 billion rupees from 13.10 billion rupees. The company recommended a dividend of 2.50 rupees per equity share. An earnings conference call was held on May 1, 2025, discussing the financial results for the quarter and year ended March 31, 2025. Audio recording and financial documents have been made available on the company's website and submitted to stock exchanges in compliance with SEBI regulations.

30Apr 25

Phoenix Mills Reports Mixed Q4 Results: Profit and Revenue Drop, Margin Widens; Dividend Declared

Phoenix Mills Limited released its Q4 FY2025 results, showing a 17.7% year-on-year decline in net profit to ₹268.80 crore and a 22.2% decrease in total revenue to ₹1,016.30 crore. Despite these declines, the company's EBITDA margin widened to 55%, and total consumption across its properties grew by 15% to ₹3,248.00 crore. The Board declared a final dividend of ₹2.50 per equity share.

08Apr 25

Phoenix Mills Reports Robust Q4 FY25 Performance with 15% Growth in Retail Consumption

Phoenix Mills Limited announced impressive Q4 FY25 results, with significant growth in retail, commercial, and hospitality segments. Retail consumption increased 15% YoY to Rs. 3,262.00 crore in Q4, and 21% YoY to Rs. 13,762.00 crore for FY25. Commercial office segment completed 1.90 lakh sq. ft. of gross leasing in FY25. The St. Regis, Mumbai showed improved occupancy, ARR, and RevPAR. Residential segment reported gross sales of Rs. 77.00 crore in Q4 and Rs. 212.00 crore for FY25.

08Apr 25

Phoenix Mills Shares See Significant Block Trade on NSE

Phoenix Mills Ltd. experienced a significant block trade on the NSE, with 321,264 shares changing hands at Rs. 1,573.00 per share, totaling Rs. 50.53 crores. This large transaction could indicate institutional investor activity or potential changes in ownership structure. Phoenix Mills, known for developing retail-led mixed-use properties in India, may see impacts on its stock performance and market dynamics following this trade.

19Mar 25

Phoenix Mills Shares See Massive Rs. 62.17 Crore Block Trade on NSE

Phoenix Mills Ltd experienced a significant block trade on the National Stock Exchange (NSE). A total of 400,349 shares were traded at Rs. 1,553.00 per share, amounting to a transaction value of Rs. 62.17 crore. This large-scale trade suggests potential institutional activity or major shareholder movements, which could influence market sentiment for the stock.