Phoenix Mills Q2: Profit up 7%, office income surges 64% on higher occupancy
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Phoenix Mills reported a 7.14% rise in consolidated net profit to ₹326 crore for the September quarter.
- ✓Commercial office income surged 64% as occupancy rates improved in Mumbai and Pune.
- ✓The company said its growth roadmap to 2030 is embedded in existing assets and land parcels already under its control.
Story at a Glance
- Category
- BUSINESS
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Commercial office income surged sharply, driven by higher occupancy rates and tenant move-ins across Mumbai and Pune assets, lifting overall operational margins. Meanwhile, residential sales saw steady collections during the quarter. Find out how management plans to fund its upcoming 2030 growth roadmap using existing land parcels.
The operator and developer of retail-led mixed-use destinations, Phoenix Mills reported a 7.14% year-on-year increase in consolidated net profit to ₹326 crore for the September quarter, compared with ₹304 crore in the corresponding period last year. Revenue from operations grew 3.4% to ₹1,153 crore from ₹1,115 crore.
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