Phoenix Mills Reports ₹268.8 Crore Q4 Profit

30 Apr 2025 , 10:29 PM

Phoenix Mills Ltd has posted a consolidated net profit of ₹268.8 crore as of 31st March, 2025, which was down 17.7% from ₹326.7 crore during the same quarter last year. The operating revenue of the company fell 22.2% year on year at ₹1,016.3 crore in Q4 FY25 from ₹1,305.9 crore in Q4 FY24.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) were ₹559.6 crore for the quarter ended March 2025, down 10.7% from ₹626.6 crore in the same quarter a year ago.

While EBITDA was down, the EBITDA margin rose to 55% in Q4 FY25 compared to 48% in Q4 FY24, supported by improved cost control and operating leverage.

Aggregate company portfolio consumption was ₹3,248 crore in Q4 FY25, 15% higher year on year relative to Q4 FY24.Gross quarter retail collections stood at around ₹834 crore, a 6% year-on-year increase compared to the previous year’s Q4.

Aggregate consumption for the full period of FY25 came in at about ₹13,750 crore, a 21% increase versus FY24. Gross retail collections for FY were about ₹3,310 crore, 22% year-on-year increased.

In commercial office business, the company achieved a revenue of ₹53 crore in Q4 FY25, which is higher by 8% against the corresponding previous quarter. Commercial office business EBITDA during the quarter was higher by 10% year on year at ₹33 crore. Commercial office vertical FY25 year revenue was ₹210 crore, higher by 10% compared to FY24. Commercial office business EBITDA in the year was ₹131 crore, 19% up from the previous year.

In the residential portfolio, gross sales in the March quarter were at ₹77 crore and for the year at ₹212 crore. Residential collections of sales were at ₹54 crore in Q4 FY25 and at ₹219 crore for FY25.

The Company’s Board of Directors declares final dividend of ₹2.50 per face value equity share of ₹2 each, 125% of the face value payment for the year ended March 31, 2025. The dividend will be ratified at the Company’s upcoming annual general meeting by the shareholders.