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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	30-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	23-Apr-2025
Description of presentation currency	INR (in Actuals)
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	30-Apr-2025   16:15:00
End date and time of board meeting	30-Apr-2025   17:00:00
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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	10163355000	38135729000
	Other income	451460000	1509006000
	Total income	10614815000	39644735000
2	Expenses
(a)	Cost of materials consumed	525833000	2104471000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	192654000	78348000
(d)	Employee benefit expense	869843000	3626871000
(e)	Finance costs	941217000	4032129000
(f)	Depreciation, depletion and amortisation expense	902328000	3265173000
(f)	Other Expenses
1	Electricity Expenses	485674000	2137466000
2	Other expenses	2492843000	8576814000
	Total other expenses	2978517000	10714280000
	Total expenses	6410392000	23821272000
3	Total profit before exceptional items and tax	4204423000	15823463000
4	Exceptional items	-27284000	127463000
5	Total profit before tax	4177139000	15950926000
6	Tax expense
7	Current tax	593082000	2412292000
8	Deferred tax	118964000	523370000
9	Total tax expenses	712046000	2935662000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	3465093000	13015264000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	11913000	58130000
16	Total profit (loss) for period	3477006000	13073394000
17	Other comprehensive income net of taxes	-424745000	138227000
18	Total Comprehensive Income for the period	3052261000	13211621000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	2688219000	9842257000
	Total profit or loss, attributable to non-controlling interests	788787000	788787000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	2267748000	9984821000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	784513000	3226800000
21	Details of equity share capital
	Paid-up equity share capital	715047000	715047000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		103766413000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.52	27.53
	Diluted earnings (loss) per share from continuing operations	7.52	27.52
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	7.52	27.53
	Diluted earnings (loss) per share from continuing and discontinued operations	7.52	27.52
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Please refer the Audited financial results submitted to the Stock Exchanges on April 30, 2025, for the notes on Audited Consolidated Financial Results for the quarter and financial year ended March 31, 2025.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	22797683000
	Capital work-in-progress	31427764000
	Investment property	115933224000
	Goodwill	5916975000
	Other intangible assets	16182000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	4794814000
	Trade receivables, non-current	0
	Loans, non-current	13889000
	Other non-current financial assets	2400940000
	Total non-current financial assets	7209643000
	Deferred tax assets (net)	1038953000
	Other non-current assets	4007055000
	Total non-current assets	188347479000
2	Current assets
	Inventories	7739060000
	Current financial asset
	Current investments	9852228000
	Trade receivables, current	2301923000
	Cash and cash equivalents	2226683000
	Bank balance other than cash and cash equivalents	2893396000
	Loans, current	166581000
	Other current financial assets	1098102000
	Total current financial assets	18538913000
	Current tax assets (net)
	Other current assets	686839000
	Total current assets	26964812000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	215312291000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	715047000
	Other equity	103766413000
	Total equity attributable to owners of parent	104481460000
	Non controlling interest	34045671000
	Total equity	138527131000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	38470701000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	10313144000
	Total non-current financial liabilities	48783845000
	Provisions, non-current	378309000
	Deferred tax liabilities (net)	3499679000
	Deferred government grants, Non-current	0
	Other non-current liabilities	442787000
	Total non-current liabilities	53104620000
	Current liabilities
	Current financial liabilities
	Borrowings, current	8160361000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	612686000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1419284000
	Total Trade payable	2031970000
	Other current financial liabilities	10547579000
	Total current financial liabilities	20739910000
	Other current liabilities	1558366000
	Provisions, current	1326521000
	Current tax liabilities (Net)	55743000
	Deferred government grants, Current	0
	Total current liabilities	23680540000
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	76785160000
	Total equity and liabilites	215312291000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts 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 & Related Services	7310318000	29494690000
2	Hospitality Services	1882138000	6706522000
3	Residential Business	970899000	1934517000
	Total Segment Revenue	10163355000	38135729000
	Less: Inter segment revenue
	Revenue from operations	10163355000	38135729000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Property & Related Services	3679820000	16242772000
2	Hospitality Services	486699000	1410782000
3	Residential Business	527661000	693032000
	Total Profit before tax	4694180000	18346586000
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax	4694180000	18346586000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Property & Related Services	179127611000	179127611000
2	Hospitality Services	9350526000	9350526000
3	Residential Business	8288304000	8288304000
	Total Segment Asset	196766441000	196766441000
	Un-allocable Assets	18545850000	18545850000
	Net Segment Asset	215312291000	215312291000
4	Segment Liabilities
	Segment Liabilities
1	Property & Related Services	67639515000	67639515000
2	Hospitality Services	4852480000	4852480000
3	Residential Business	737743000	737743000
	Total Segment Liabilities	73229738000	73229738000
	Un-allocable Liabilities	3555422000	3555422000
	Net Segment Liabilities	76785160000	76785160000
	Disclosure of notes on segments

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
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	514000	-18532000
2	Gain/(Loss) on Equity Instruments at fair value through other comprehensive Income	-572843000	194102000
3	Realised Gain on Sales of Investment	0	5366000
4	Associates share in OCI	-160000	-160000
	Total Amount of items that will not be reclassified to profit and loss	-572489000	180776000
2	Income tax relating to items that will not be reclassified to profit or loss	-147744000	42549000
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	0	0
5	Total Other comprehensive income	-424745000	138227000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			15950926000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			4032129000
	Adjustments for decrease (increase) in inventories			78347000
	Adjustments for decrease (increase) in trade receivables, current			273745000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			557567000
	Adjustments for decrease (increase) in other non-current assets			272622000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-453171000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-4563178000
	Adjustments for increase (decrease) in other non-current liabilities			6024752000
	Adjustments for depreciation and amortisation expense			3265173000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-1565000
	Adjustments for dividend income			5436000
	Adjustments for interest income			452343000
	Adjustments for share-based payments			29718000
	Adjustments for fair value losses (gains)			-5542000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-738939000
	Other adjustments to reconcile profit (loss)			-127463000
	Other adjustments for non-cash items			-453450000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			245000
	Total adjustments for reconcile profit (loss)			7733211000
	Net cash flows from (used in) operations			23684137000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			2848542000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			20835595000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			418860000
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			499977000
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			20158000
	Purchase of property, plant and equipment			26172881000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			466665000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			5436000
	Interest received			506341000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			3634184000
	Net cash flows from (used in) investing activities	-21621214000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			2252183000
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			52912000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			4498998000
	Repayments of borrowings			2927754000
	Payments of lease liabilities			0
	Dividends paid			894957000
	Interest paid			3454101000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-472719000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-1258338000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-1258338000
	Cash and cash equivalents cash flow statement at beginning of period			987399000
	Cash and cash equivalents cash flow statement at end of period			-270939000