The Phoenix Mills Limited (PML) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a consolidated revenue from operations of ₹1,121 crore for Q3 FY26, marking a 15% increase compared to ₹975 crore in Q3 FY25. Consolidated Operating EBITDA rose by 19% to ₹656 crore, up from ₹553 crore in the prior-year period, with the EBITDA margin improving by 2 percentage points to 59%. The retail segment demonstrated strong performance, with consumption in Q3 FY26 reaching approximately ₹4,992 crore, a 25% year-on-year growth. Retail rental income grew by 13% to ₹573 crore, and retail EBITDA increased by 16% to ₹585 crore in Q3 FY26. For the nine months ended December 31, 2025 (9M FY26), consolidated revenue from operations stood at ₹3,190 crore, an increase of 14% over ₹2,797 crore in 9M FY25. Consolidated Operating EBITDA for 9M FY26 was ₹1,887 crore, up 18% from ₹1,602 crore in the same period last year. The company's office segment saw a gross leasing of approximately 1.20 million sq. ft. during April-December 2025, with occupancy in operational offices reaching 76% by December 2025. Hospitality segment revenue from rooms grew by 9% to ₹72 crore in Q3 FY26, and revenue from F&B and Banquets increased by 20% to ₹82 crore, leading to a 21% rise in Operating EBITDA to ₹80 crore. Residential sales also showed robust growth, with gross residential sales of ₹140 crore in Q3 FY26, a significant increase from ₹58 crore in Q3 FY25. Collections in Q3 FY26 were ₹100 crore, up from ₹38 crore in the previous year.
