Phoenix Mills to review September-quarter results at 30 October board meeting

The Phoenix Mills Ltd, the Mumbai-based retail, office and residential developer listed on the NSE, has scheduled a board meeting for 30 October 2026. The board will approve unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2026. The company's exchange intimation for the meeting is dated 23 October 2026.

The 30 October date is the one reported for the meeting. An earlier trading-window filing from September had said the board meeting date would be intimated in due course, and the intimation text available does not show the date. Investors should check the date against the company's exchange filing.

Trading in the company's securities has been closed for designated persons since 1 October 2026. It stays closed until 48 hours after the September-quarter results are declared.

Where the June quarter left the company

For the quarter ended 30 June 2026, revenue from operations was ₹1,074.94 crore. That was down 12.84% from the previous quarter and up 12.80% from a year earlier. Operating EBITDA rose 14% to ₹642 crore, from ₹564 crore in the same quarter of FY26.

Retail consumption across the company's operating malls rose 32% year on year to ₹4,727 crore. The residential segment, however, reported a loss before tax of ₹119.05 crore. The board approved the June-quarter results on 28 July 2026, according to the company's filing. This article does not cite a June-quarter net profit figure, because the published numbers differ.

The full-year numbers and the portfolio

The audited FY26 results, for the year ended 31 March 2026, show consolidated revenue of ₹4,593.55 crore and consolidated profit after tax of ₹1,556.61 crore. The investor presentation at the AGM gave consolidated revenue of ₹4,423 crore and consolidated net profit after tax of ₹1,224 crore. The two sets of figures differ, and each should be read with its own source.

The company completed about 2.2 million sq ft of gross leasing in FY26 and ended the year with portfolio occupancy of about 70%. Its established office assets in Mumbai and Pune were 83% leased. The three assets completed in 2025 were 62% leased.

The shares closed at ₹1,872.30 on the NSE on 23 October 2026, down ₹37.60 or 1.97% from the previous close of ₹1,909.90. The day's range was ₹1,847.20 to ₹1,912.80. The 52-week range is ₹1,465.60 to ₹2,169.80. After the company reported a 26.39% fall in quarterly consolidated net profit in an earlier quarter, the share price fell 4.13% to ₹1,938.55.

For the market, the meeting is a scheduled review of results, not a deal or a launch. The residential loss and the occupancy figures will matter more to analysts than the headline revenue.

What investors will watch

• Consolidated net profit for the September quarter, and how it compares with the June quarter and the same quarter last year.
• The residential segment's loss before tax, and whether it narrows.
• Office and mall occupancy, and the leasing pace after FY26's 2.2 million sq ft.
• Progress on mall projects in Thane and Kolkata. No dates for these have been announced.

The next step is the 30 October 2026 board meeting. The company is expected to file its approved results with the exchanges after the meeting, and the trading window reopens 48 hours after that filing.