PHOENIXLTD The Phoenix Mills Q3 FY26 results (Oct–Dec 2025) and concall
Phoenix Mills delivered a strong Q3 FY26, with consolidated revenue growing 15% YoY to ₹1,121 crores and EBITDA increasing 19% YoY to ₹656 crores. The retail segment was a key driver, reporting 25% consumption growth and 13% rental income growth, with Mall of Asia showing exceptional performance. The company maintained a healthy balance sheet with net debt to annualized EBITDA at 1.3x and reduced its average cost of debt. While net profit growth was modest at 4% YoY, the company continues to focus on disciplined execution and capital allocation across its diverse portfolio.
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What they filed
Q3 FY26: revenue up 133.3%, net profit down 17.9% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 6 | 8 | 6 | 19 | 14 +133% |
| EBITDA | 81 | 70 | 82 | 87 | 98 +21% |
| Net profit | 56 | 52 | 41 | 129 | 46 −18% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
