Phoenix Mills Q3 FY26: Revenue Up 15% to ₹1,121 Cr, EBITDA Jumps 19% to ₹656 Cr
Phoenix Mills Limited reported consolidated revenue of ₹1,121 crore for Q3 FY26, up 15% YoY. EBITDA increased 19% to ₹656 crore. Retail consumption grew 25% to ₹4,992 crore. 9M FY26 consolidated revenue was ₹3,190 crore (up 14%), with EBITDA at ₹1,887 crore (up 18%). Residential sales were ₹140 crore in Q3 FY26.
The announcement contains detailed financial results for the quarter and nine months, including key performance indicators across all business segments. The substantial growth in revenue and EBITDA, coupled with positive operational updates, is likely to have a significant impact on investor sentiment and the company's stock performance.
The company reported significant year-on-year growth in revenue and EBITDA for both the quarter and nine-month periods, driven by strong performance across its retail, office, hospitality, and residential segments. Key metrics like consumption, rental income, and leasing traction show positive trends.
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.
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The Phoenix Mills Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by The Phoenix Mills Limited. Read the original for the full detail.