Integrated Filing — IndAS

General information about company

Scrip Code	503100
NSE Symbol	PHOENIXLTD
MSEI Symbol	NOTLISTED
ISIN	INE211B01039
Name of company	THE PHOENIX MILLS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2025
Date of end of financial year	31-03-2026
Date of board meeting when results were approved	27-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	20-04-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	27-04-2026 16:56:00
End date and time of board meeting	27-04-2026 17:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-01-2026	01-04-2025
B	Date of end of reporting period	31-03-2026	31-03-2026
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
1	Income
	Revenue from operations	1,23,319.85	4,42,280.43
	Other income	6,116.49	17,075.02
	Total income	1,29,436.34	4,59,355.45
2	Expenses
(a)	Cost of materials consumed	5,529.66	29,369.49
(b)	Purchases of stock-in-trade	0.00	0.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	4,222.16	(248.04)
(d)	Employee benefit expense	9,120.36	40,434.85
(e)	Finance costs	9,740.79	38,684.48
(f)	Depreciation, depletion and amortisation expense	8,935.49	36,030.87
(f)	Other Expenses
1	Electricity Expenses	4,167.46	19,440.91
2	Other Expenses	25,319.55	89,573.37
	Total other expenses	29,487.01	1,09,014.28
	Total expenses	67,035.47	2,53,285.93
3	Total profit before exceptional items and tax	62,400.87	2,06,069.52
4	Exceptional items	(399.46)	(2,898.21)
5	Total profit before tax	62,001.41	2,03,171.31
6	Tax expense
7	Current tax	12,484.97	39,160.74
8	Deferred tax	944.59	8,349.50
9	Total tax expenses	13,429.56	47,510.24
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	48,571.85	1,55,661.07
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	(31.67)	(10.42)
16	Total profit (loss) for period	48,540.18	1,55,650.65
17	Other comprehensive income net of taxes	(1,471.86)	(1,581.12)
18	Total Comprehensive Income for the period	47,068.32	1,54,069.53
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	40,334.55	1,22,381.64
	Total profit or loss, attributable to non-controlling interests	8,205.63	33,269.01
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	38,850.01	1,20,814.67
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	8,218.31	33,254.86
21	Details of equity share capital
	Paid-up equity share capital	7,152.69	7,152.69
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		10,91,701.55
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	11.28	34.23
	Diluted earnings (loss) per share from continuing operations	11.28	34.21
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	11.28	34.23
	Diluted earnings (loss) per share from continuing and discontinued operations	11.28	34.21
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	Please refer the Audited financial results submitted to the Stock Exchanges on April 27, 2026, for the notes on Audited Consolidated Financial Results for the quarter and financial year ended March 31, 2026.

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		31-03-2026
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2,28,312.92
	Capital work-in-progress	3,87,930.27
	Investment property	11,92,450.82
	Goodwill	56,271.54
	Other intangible assets	120.98
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method	28,657.14
	Non-current financial assets
	Non-current investments	19,380.72
	Trade receivables, non-current
	Loans, non-current	111.37
	Other non-current financial assets
1	Other Financial Assets	23,722.46
	Total of other non-current financial assets	23,722.46
	Total non-current financial assets	43,214.55
	Deferred tax assets (net)	5,617.44
	Other non-current assets
1	Other non-current assets	17,996.29
2	Income tax asset	12,349.70
	Total of other non-current assets	30,345.99
	Total non-current assets	19,72,921.65
2	Current assets
	Inventories	77,638.64
	Current financial asset
	Current investments	1,00,959.19
	Trade receivables, current	31,678.04
	Cash and cash equivalents	18,141.18
	Bank balance other than cash and cash equivalents	64,166.27
	Loans, current	301.10
	Other current financial assets
	Total of other current financial assets	11,259.69
	Total current financial assets	2,26,505.47
	Current tax assets (net)
	Other current assets
1	Other current assets	8,200.61
	Total of other current assets	8,200.61
	Total current assets	3,12,344.72
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	22,85,266.37
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	7,152.69
	Other equity	10,91,701.55
	Total equity attributable to owners of parent	10,98,854.24
	Non controlling interest	3,31,631.94
	Total equity	14,30,486.18
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	4,70,440.38
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities
1	Lease Liabilities	1,892.91
2	Other non-current financial liabilities	91,654.19
	Total of other non-current financial liabilities	93,547.10
	Total non-current financial liabilities	5,63,987.48
	Provisions, non-current	4,520.76
	Deferred tax liabilities (net)	38,035.60
	Deferred government grants, Non-current
	Other non-current liabilities
1	Other non-current liabilities	5,364.88
	Total of other non-current liabilities	5,364.88
	Total non-current liabilities	6,11,908.72
	Current liabilities
	Current financial liabilities
	Borrowings, current	59,133.84
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	6,829.82
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	14,349.12
	Total Trade payable	21,178.94
	Other current financial liabilities
1	Lease Liabilities	834.12
2	Other current financial liabilities	1,30,786.33
	Total of other current financial liabilities	1,31,620.45
	Total current financial liabilities	2,11,933.23
	Other current liabilities	16,533.31
1	Other current liabilities	16,533.31
	Total of other current liabilities	16,533.31
	Provisions, current	14,342.49
	Current tax liabilities (Net)	62.44
	Deferred government grants, Current
	Total current liabilities	2,42,871.47
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	8,54,780.19
	Total equity and liabilites	22,85,266.37
	Disclosure of notes on assets and liabilities

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-01-2026	01-04-2025
Date of end of reporting period		31-03-2026	31-03-2026
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Property and related services	82,360.22	3,23,253.97
2	Hospitality services	20,294.15	72,876.71
3	Residential business	21,578.62	49,604.16
	Total Segment Revenue	1,24,232.99	4,45,734.84
	Less: Inter segment revenue	913.14	3,454.41
	Revenue from operations	1,23,319.85	4,42,280.43
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Property and related services	44,097.19	1,74,886.16
2	Hospitality services	6,564.70	20,582.86
3	Residential business	15,363.28	32,209.96
	Total Profit before tax	66,025.17	2,27,678.98
	i. Finance cost	9,740.79	38,684.48
	ii. Other Unallocable Expenditure net off Unallocable income	(6,116.49)	(17,075.02)
	Profit before tax	62,400.87	2,06,069.52
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Property and related services	19,01,335.19	19,01,335.19
2	Hospitality services	94,945.19	94,945.19
3	Residential business	87,699.51	87,699.51
	Total Segment Asset	20,83,979.89	20,83,979.89
	Un-allocable Assets	2,01,286.48	2,01,286.48
	Net Segment Asset	22,85,266.37	22,85,266.37
4	Segment Liabilities
	Segment Liabilities
1	Property and related services	7,67,138.70	7,67,138.70
2	Hospitality services	43,085.54	43,085.54
3	Residential business	6,457.91	6,457.91
	Total Segment Liabilities	8,16,682.15	8,16,682.15
	Un-allocable Liabilities	38,098.04	38,098.04
	Net Segment Liabilities	8,54,780.19	8,54,780.19
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)	Please refer the Audited financial results submitted to the Stock Exchanges on April 27, 2026, for the notes on Segment-wise reporting of revenue, results and capital employed for the quarter and financial year ended March 31, 2026.

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-01-2026	01-04-2025
B	Date of end of reporting period	31-03-2026	31-03-2026
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-measurement gain of the net defined benefit plans	97.23	82.07
2	Gain/(Loss) on Equity Instruments at fair value through other comprehensive Income	(2,059.42)	(2,204.99)
3	Associates share in OCI	(1.71)	6.28
	Total Amount of items that will not be reclassified to profit and loss	(1,963.90)	(2,116.64)
2	Income tax relating to items that will not be reclassified to profit or loss	(492.04)	(535.52)
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	(1,471.86)	(1,581.12)

Cash flow statement, indirect

Amount in (Lakhs)

Particulars			Year ended (dd-mm-yyyy)
A	Date of start of reporting period		01-04-2025
B	Date of end of reporting period		31-03-2026
C	Whether results are audited or unaudited		Audited
D	Nature of report standalone or consolidated		Consolidated
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax		2,03,171.31
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs		38,684.48
	Adjustments for decrease (increase) in inventories		(248.04)
	Adjustments for decrease (increase) in trade receivables, current		(8,308.70)
	Adjustments for decrease (increase) in trade receivables, non-current		0.00
	Adjustments for decrease (increase) in other current assets		(1,711.10)
	Adjustments for decrease (increase) in other non-current assets		(2,843.49)
	Adjustments for other financial assets, non-current		0.00
	Adjustments for other financial assets, current		0.00
	Adjustments for other bank balances		0.00
	Adjustments for increase (decrease) in trade payables, current		843.63
	Adjustments for increase (decrease) in trade payables, non-current		0.00
	Adjustments for increase (decrease) in other current liabilities		29,234.33
	Adjustments for increase (decrease) in other non-current liabilities		(7,971.45)
	Adjustments for depreciation and amortisation expense		36,030.87
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss		0.00
	Adjustments for provisions, current		0.00
	Adjustments for provisions, non-current		0.00
	Adjustments for other financial liabilities, current		0.00
	Adjustments for other financial liabilities, non-current		0.00
	Adjustments for unrealised foreign exchange losses gains		15.57
	Adjustments for dividend income		82.26
	Adjustments for interest income		4,297.03
	Adjustments for share-based payments		208.18
	Adjustments for fair value losses (gains)		810.06
	Adjustments for undistributed profits of associates		0.00
	Other adjustments for which cash effects are investing or financing cash flow		(7,941.54)
	Other adjustments to reconcile profit (loss)		2,898.21
	Other adjustments for non-cash items		(5,395.03)
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships		1.33
	Total adjustments for reconcile profit (loss)		69,928.02
	Net cash flows from (used in) operations		2,73,099.33
	Dividends received		0.00
	Interest paid		0.00
	Interest received		0.00
	Income taxes paid (refund)		30,530.72
	Other inflows (outflows) of cash		0.00
	Net cash flows from (used in) operating activities		2,42,568.61
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses		0.00
	Cash flows used in obtaining control of subsidiaries or other businesses		0.00
	Other cash receipts from sales of equity or debt instruments of other entities		0.00
	Other cash payments to acquire equity or debt instruments of other entities		0.00
	Other cash receipts from sales of interests in joint ventures		841.01
	Other cash payments to acquire interests in joint ventures		0.00
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships		0.00
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships		0.00
	Proceeds from sales of property, plant and equipment		0.00
	Purchase of property, plant and equipment		1,39,678.60
	Proceeds from sales of investment property		58.90
	Purchase of investment property		0.00
	Proceeds from sales of intangible assets		0.00
	Purchase of intangible assets		0.00
	Proceeds from sales of intangible assets under development		0.00
	Purchase of intangible assets under development		0.00
	Proceeds from sales of goodwill		0.00
	Purchase of goodwill		0.00
	Proceeds from biological assets other than bearer plants		0.00
	Purchase of biological assets other than bearer plants		0.00
	Proceeds from government grants		0.00
	Proceeds from sales of other long-term assets		0.00
	Purchase of other long-term assets		0.00
	Cash advances and loans made to other parties		0.00
	Cash receipts from repayment of advances and loans made to other parties		1,362.86
	Cash payments for future contracts, forward contracts, option contracts and swap contracts		0.00
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts		0.00
	Dividends received		82.26
	Interest received		4,397.24
	Income taxes paid (refund)		0.00
	Other inflows (outflows) of cash		(31,622.03)
	Net cash flows from (used in) investing activities	(1,64,558.36)
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries		20,793.78
	Payments from changes in ownership interests in subsidiaries		1,25,662.00
	Proceeds from issuing shares		511.33
	Proceeds from issuing other equity instruments		0.00
	Payments to acquire or redeem entity's shares		0.00
	Payments of other equity instruments		0.00
	Proceeds from exercise of stock options		0.00
	Proceeds from issuing debentures notes bonds etc		0.00
	Proceeds from borrowings		2,09,257.35
	Repayments of borrowings		1,33,542.04
	Payments of lease liabilities		713.84
	Dividends paid		8,938.90
	Interest paid		34,786.83
	Income taxes paid (refund)		0.00
	Other inflows (outflows) of cash		26.24
	Net cash flows from (used in) financing activities		(73,054.91)
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes		4,955.34
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents		0.00
	Net increase (decrease) in cash and cash equivalents		4,955.34
	Cash and cash equivalents cash flow statement at beginning of period		(2,709.39)
	Cash and cash equivalents cash flow statement at end of period		2,245.95

Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited	Audited
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results	Yes

Sr No.	Audit firm's name	Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI	Certificate valid upto
1	DTS & Associates LLP	Yes	30-09-2026