The Phoenix Mills Limited has released its audited financial performance for the quarter and financial year ended March 31, 2026. The company reported a strong annual consolidated net profit of ₹1,55,650.65 lakh for the year. Additionally, the Board has recommended a final dividend of ₹2.50 per equity share (125%) for the fiscal year, subject to shareholder approval, and confirmed the re-appointment of internal auditors for the upcoming year.
Financial Highlights
For the financial year ended March 31, 2026, The Phoenix Mills Limited demonstrated robust growth, posting a consolidated total income of ₹4,59,355.45 lakh. The consolidated net profit attributable to owners of the company reached ₹1,22,381.64 lakh for the year. On a standalone basis, the company reported a net profit of ₹27,067.47 lakh for the same period.
Dividend and Governance
Reflecting confidence in its financial position, the Board of Directors has recommended a final dividend of ₹2.50 per equity share, having a face value of ₹2 per share. This dividend payout of 125% is subject to the approval of shareholders at the company’s ensuing Annual General Meeting.
In other governance matters, the company has officially re-appointed N. A. Shah Associates LLP, Chartered Accountants, as the Internal Auditor for the financial year 2026-27.
Operational Developments
The company continues to focus on its three primary business segments: Property & Related Services, Hospitality Services, and Residential Business. Notably, during the year, the company increased its shareholding in Island Star Mall Developers Private Limited (ISMDPL) to 58.33% following the acquisition of equity shares as part of its strategic growth initiatives. The company also continues to progress on its Framework Agreement with CPP Investments regarding the planned exit of their 49% stake in ISMDPL.
Source: BSE
