The Phoenix Mills Limited reported strong financial results for the financial year ended March 31, 2026. The Board of Directors has recommended a final dividend of Rs. 2.50 per equity share (125% of face value) for the fiscal year. The company saw significant growth in total comprehensive income and strengthened its market position through strategic acquisitions, including an increased stake in Island Star Mall Developers Private Limited to 58.33%.
Financial Performance Overview
For the financial year ended March 31, 2026, The Phoenix Mills Limited delivered robust performance. On a consolidated basis, the group reported a total income of Rs. 4,59,355.45 lakhs, compared to Rs. 3,96,447.35 lakhs in the previous year. The company’s net profit attributable to owners reached Rs. 1,22,381.64 lakhs, showcasing steady growth in operations and profitability.
Dividend Recommendation
Acknowledging the company’s fiscal performance, the Board of Directors has recommended a final dividend of Rs. 2.50 per equity share, having a face value of Rs. 2/- each. This dividend payout, representing a 125% dividend, remains subject to the approval of members at the upcoming Annual General Meeting.
Strategic Developments and Operational Highlights
During the fiscal year, the company successfully increased its stake in Island Star Mall Developers Private Limited (ISMDPL) to 58.33% following a framework agreement with the Canada Pension Plan Investment Board. Furthermore, the company continues to manage three distinct reportable business segments: Property & Related Services, Hospitality Services, and Residential Business, which collectively contribute to the company’s diversified revenue streams.
Corporate Governance and Audits
The financial results for the quarter and year ended March 31, 2026, have been audited by D T S & Associates LLP, who issued an unmodified audit opinion. Additionally, the company has re-appointed N. A. Shah Associates LLP as its internal auditors for the financial year 2026-27, ensuring continued focus on operational transparency and financial oversight.
Source: BSE
