The Phoenix Mills Limited Q2 FY27 Results: Net Profit ₹127 cr

The Phoenix Mills Limited has filed its Standalone financial results for the quarter ended 2026-09-30 with NSE. Revenue from operations was ₹141 cr, while net profit stood at ₹127 cr. These are reported statement figures, not estimates or a board-meeting announcement.

Official Q2 FY27 scorecard

All amounts are in ₹ crore, except per-share earnings in rupees. Comparisons use verified same-basis official quarterly filings; a dash means an individual figure or percentage could not be verified. Unavailable periods are omitted, not estimated.

Year-on-year performance: what changed

• Revenue from operations: ₹141 cr, compared with ₹137 cr in the same quarter last year; increased by ₹3.61 cr (+2.6%).

• Net profit / loss: ₹127 cr, compared with ₹129 cr in the same quarter last year; decreased by ₹2.21 cr (-1.7%).

• Profit before tax: ₹152 cr, compared with ₹150 cr in the same quarter last year; increased by ₹1.84 cr (+1.2%).

• Operating profit (derived EBITDA): ₹93.06 cr, compared with ₹86.67 cr in the same quarter last year; increased by ₹6.39 cr (+7.4%).

• Basic EPS: ₹3.56, compared with ₹3.62 in the same quarter last year; decreased by ₹0.06 (-1.7%).

Quarter-on-quarter performance

• Revenue from operations: ₹141 cr, compared with ₹147 cr in the immediately preceding quarter; decreased by ₹6.51 cr (-4.4%).

• Net profit / loss: ₹127 cr, compared with ₹61.55 cr in the immediately preceding quarter; increased by ₹65.6 cr (+106.6%).

• Profit before tax: ₹152 cr, compared with ₹72.7 cr in the immediately preceding quarter; increased by ₹78.82 cr (+108.4%).

• Operating profit (derived EBITDA): ₹93.06 cr, compared with ₹100 cr in the immediately preceding quarter; decreased by ₹7.38 cr (-7.3%).

• Basic EPS: ₹3.56, compared with ₹1.72 in the immediately preceding quarter; increased by ₹1.84 (+107.0%).

Year-on-year comparisons match the same season; sequential comparisons measure the change from the preceding three-month period and may reflect seasonality. Neither comparison alone establishes the business cause of the movement. Scorecard percentage changes use the absolute prior-period value; a loss turnaround is not ordinary profit growth.

Margins and financial ratios

• Net profit margin: 90.21%. Previous quarter: 41.74%, up 4847 basis points. Year-ago quarter: 94.19%, down 398 basis points.

• Derived EBITDA margin: 66.03%. Previous quarter: 68.12%, down 209 basis points. Year-ago quarter: 63.11%, up 292 basis points.

• Total expenses / revenue: 58.37%. Previous quarter: 54.90%, up 3.46 percentage points. Year-ago quarter: 60.50%, down 2.14 percentage points.

• Other income / total income: 42.69%. Previous quarter: 4.04%, up 38.66 percentage points. Year-ago quarter: 41.00%, up 1.69 percentage points.

• Effective tax rate (tax expense / positive PBT): 16.09%. Previous quarter: 15.34%, up 0.75 percentage points. Year-ago quarter: 13.58%, up 2.51 percentage points.

Margin movements are measured in basis points, not percentage growth: 100 basis points equals one percentage point. Cost ratios measure the share of reported revenue absorbed by a cost, not a forecast.

Cost structure and operating earnings

• Cost of materials: ₹0 cr (previous quarter ₹0 cr, — QoQ) (year-ago ₹0 cr, — YoY) — 0.00% of revenue

• Employee costs: ₹10.4 cr (previous quarter ₹9.71 cr, +7.1% QoQ) (year-ago ₹12.42 cr, -16.2% YoY) — 7.38% of revenue

• Finance costs: ₹13.68 cr (previous quarter ₹13.58 cr, +0.7% QoQ) (year-ago ₹16.19 cr, -15.5% YoY) — 9.71% of revenue

• Depreciation: ₹20.7 cr (previous quarter ₹20.36 cr, +1.7% QoQ) (year-ago ₹16.23 cr, +27.5% YoY) — 14.69% of revenue

The derived EBITDA proxy, adjusted to exclude other income and exceptional items, was ₹93.06 cr, equivalent to +66.0% of revenue against +63.1% a year earlier. Reconciliation: profit before tax ₹152 cr + finance costs ₹13.68 cr + depreciation ₹20.7 cr − other income ₹105 cr − signed exceptional items -₹12.15 cr. This is an analytical calculation, not company-reported EBITDA; statement classification and exceptional-item signs should be checked against the official notes. A rising expense ratio means the reported costs absorb more of the revenue denominator; it does not by itself identify demand, pricing or efficiency changes.

Tax, other income and earnings quality

Profit before tax was ₹152 cr. Reported tax expense was ₹24.38 cr, equivalent to 16.09% of positive profit before tax. Other income was ₹105 cr, or 42.69% of total income; its recurring or non-recurring nature must be checked in the notes. The statement reports exceptional items of -₹12.15 cr; the number alone does not identify their nature or recurrence. Net profit is not the same as cash generated from operations, and no cash-conversion conclusion is drawn without a verified cash-flow statement.

Earnings per share

Basic EPS was ₹3.56. Diluted EPS was not verified. EPS is expressed in rupees per share, not crore. Profit and EPS can move differently when share counts change; this report does not infer a share issuance, buyback or dilution event without verified disclosures.

Reporting basis and disclosure checks

This report uses Standalone figures only; standalone and consolidated statements are not combined. The reporting period ends on 2026-09-30; the exchange records the filing time as 30-Oct-2026 20:33:48. The quarter-end date is not the announcement date. Segment performance, cash flow, debt, exceptional items, dividend decisions, auditor qualifications and management guidance are not asserted where the structured filing has not verified them. Read the attached official statement and notes before drawing conclusions.

What to track after the result

Compare future revenue, earnings and margins on the same reporting basis and accounting period. Check the official notes for restatements and non-recurring items; a quarterly profit number is not a share-price forecast. No live share-price reaction, analyst consensus, dividend or guidance is inferred from these statement figures.

Sources

• NSE official financial-result filing
• NSE official comparison filing — quarter ended 2026-06-30
• NSE official comparison filing — quarter ended 2025-09-30
• The Phoenix Mills Limited quarterly-results history

Disclosure: Financial information and analysis only; not investment advice. Official filings can be amended; missing or unsupported fields are not estimated.