April 30, 2025
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,
R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax: (022) 3001 6601
CIN No. : L17100MH1905PLC000200
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza,
Dalal Street, Fort, Bandra-Kurla Complex, Bandra East,
Mumbai- 400 001 Mumbai- 400051
Security code: 503100 Symbol: PHOENIXLTD
Dear Sir(s)/Madam(s),
Sub: Outcome of the Board Meeting - Disclosure under Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Further to our intimations dated April 23, 2025 & April 25, 2025 and pursuant to applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations'), we wish to inform you that the Board of Directors of The Phoenix Mills Limited ('Company') at its meeting held today viz. Wednesday, April 30, 2025, have inter alia approved the following:
Audited Standalone & Consolidated Financial Results for the quarter and financial year ended March 31, 2025
Pursuant to Regulation 33(3)(d) of the Listing Regulations, the Company hereby confirms and declares that the Statutory Auditors, D T S & Associates LLP, have issued their Audit Reports with an unmodified opinion in respect of the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2025.
In this regard, please find enclosed the following documents required in compliance with Listing Regulations and SEBI Circulars, as applicable:
Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2025; and
Unmodified Audit Reports on the said Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2025 issued by D T S & Associates LLP, Statutory Auditors of the Company.
-
Recommendation of a final Dividend
Recommended a final dividend of Rs. 2.50/- per equity share of face value of Rs. 2/- each (125%) for the financial year ended March 31, 2025.
Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel: (022) 2496 4307 / 8 / 9
Fax: (022) 2493 8388 E-mail: info@thephoenixmills.com https://www.thephoenixmills.com
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,
R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax: (022) 3001 6601
CIN No. : L17100MH1905PLC000200
The dividend payout is subject to the Member's approval at the ensuing Annual General Meeting of the Company.
-
Re-appointment of Internal Auditors of the Company
Re-appointment of N. A. Shah Associates LLP, Chartered Accountants as Internal Auditor of the Company for financial year 2025-26.
- Appointment of Secretarial Auditor of the Company
Appointment of Rathi & Associates, Company Secretaries as Secretarial Auditors of the Company for a period of five consecutive years commencing from FY 2025-26 till FY 2029-30, subject to the approval of Shareholders at the ensuing Annual General Meeting.
The meeting of the Board of Directors of the Company commenced at 04:15 p.m. (IST) and concluded at 05:00 p.m. (IST)
The intimation along with the aforesaid Financial Results and Unmodified Audit Report are also being uploaded on the Company's website at https://www.thephoenixmills.com/investors/FY2025/Financial-Results.
You are requested to take the aforesaid information on record. Thanking you,
Yours Faithfully,
For The Phoenix Mills Limited
BHAVIK MANILAL GALA
Digitally signed by BHAVIK MANILAL GALA Date: 2025.04.30
18:44:30 +05'30'
Bhavik Gala Company Secretary Mem. No. F8671
Enclosures: As above
Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel: (022) 2496 4307 / 8 / 9
Fax: (022) 2493 8388 E-mail: info@thephoenixmills.com https://www.thephoenixmills.com
B Associates LLP
CHA RTE RE D AC CO U NTAN TS
Independent Auditor's Report on Audit of Quarterly and Annual Standalone Financial Results of The Phoenix Mills Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended)To,
The Board of Directors of The Phoenix Mills LimitedOpinion
We have audited the accompanying "Statement of Standalone Audited Financial Results for the Quarter and Year ended 31 March, 2025 (refer 'Other Matter' section below) of The Phoenix Mills Limited ('the Company") ("the Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, the statement:
is presented in accordance with requirements of Regulation 33 of the Listing Regulations; and
gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other applicable accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the year ended 31 March, 2025.
Basis for Upinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, (as amended) ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
REGD. OFF.ICE: SUITE#1306-1307, LODHA SUPREMUS, SENAPATI BAPAT MARG, LOWER PAREL, MUMB PHONE: +91 22 4945 4050 FAX: +91 22 4945 4010 WEB: https://www.dtsa.in
CORP. OFFICE: 45-46, MITTAL COURT, C WING, 4" FLOOR, NARIMAN POINT, MUMBAI - 400 021.
PHONE: +91 22 4973 2396 / 4605 4964
BRANCH OFFICE: 604, NORTH BLOCK, REAR WING, MANIPAL CENTRE, OICKENSON ROAD, BENGALURU - 560 042.
& Associates LLP
requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibility for the Standalone Financial ResultsThe statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the accounting standards specified under section 133 of the Act, read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the statements, Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Responsibilities of the Management and Board of Directors for the Standalone Financial ResultsOur objectives are to obtain reasonable assurance about whether the Statements as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
sheet...
& Associates LLP
C HA RT E RE D AC CO U N TA hf T S
Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for purpose of expressing an opinion on the effectiveness of the Company's internal controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors
Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
sheet...
& Associates LLP
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other flatter
The statement includes the results for the quarter ended 31 March, 2025 being the balancing figure between the audited figures in respect of full financial year ended 31 March, 2025 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
Our opinion is not modified in respect of this matter.
For D T S & Associates LLP Chartered Accountants
g‹
( Mumbai
y
(Firm's Registration No. 142412W/WI00595)
Umesh B. Nayak
Partner
Membership No. 101183 UDIN:25101183BMMFRD9235
Place: Mumbai Date: 30 April, 2025
sheet...
THE PHOENIX MILLS LI.$IITED Regd. Office :- 462, Senapati Bapat Mark, Lower Parel, Mumbai - 400013, CIN: L17 IOOMH I903PLC000200 Tel : (022) 43339999 E-nail : investorreIations@phoeni.xirills.coin Website : https://www.theplioenixinills.coin AT DITED STUN DALONE FINANCIAL RESU ITS FOR TH E QUARTER AND A'EAR ENDED 31 slARCH 2025 | I I in Lalshs l | |||||||||
Three llonths Ended | Year | Ended | ||||||||
31-03-2025 | 31-12-2024 | 31-03-2024 | 3l -03-2020 | 31-ft3-2024 | ||||||
Audited | C'naudited | Audited | Audited | Audited | ||||||
Net Sales / Income from Operations | 12.483.i9 | 12,745.66 | 11,339.60 | 48,6lZ08 | J657I .33 | |||||
Other Income | 2164 64 | 1.403.99 | 32913 | lJ62174 | IO.872 | 5 | ||||
Total Income | 14.650.23 | 14.149.65 | 12,088.73 | 63.236.82 | >744368 | |||||
2 | Expenses | |||||||||
a) Employee Benefits Expenses | 776.28 | 1,?5l.71 | 809.89 | 3,770.03 | 3.603.94 | |||||
b) Finance Cost | 1,922.76 | 1,862,91 | 7,273.80 | 6,458.8 I | ||||||
c) Electricit}' Expenses | 742.99 | 419 42 | 292.97 | 1,965.38 | 1,459.62 | |||||
d) Depreciation and Amortisation Expenses | 1.58J.15 | 1, 197.80 | I,076J0 | 4,463.30 | 3,473.97 | |||||
e) Other Expenses | 3.996 31 | 2.956 12 | 2.578. S3 | 12.861 78 | 10.320 45 | |||||
Total Expenses | 9.023.J9 | 7.687.96 | 6.352.06 | 30,334.29 | 2S,32ll.79 | |||||
3 | Profit before Exceptional items | 5,626.74 | 6,461.69 | 5,736.67 | 32,902.53 | 32.122.89 | ||||
4 | Exceptional Items (net oftéxes) (Refer note 3) | (698 66" | 4,038.99 | |||||||
fi | Profit before fax * | 4,928.08 | 6,4ۖ69 | 5,736.67 | 36,941. | 2 | 32,122.89 | |||
6 | Tax expense " | (228 47) | 880.43 | 4'i9.63 | 3,211.79 | 4,101.62 | ||||
7 | Net Profit After Tax (5-6) | s,156.55 | 558L26 | 5,287.04 | 33,729.73 | 28,021.27 | ||||
8 | Other Comprehensive Income (net of laxes) | (308 22) | (142.54) | 111.22 | 376.28 | |||||
9 | Total Comprehensive Income (after taxes) (7+8) . | 5,439.15 | 5,1J4.50 | 33,840.9$ | 28,397.z6 | |||||
10 | Paid-up equih' share capital (Face Yaluc T 2 per share) (Refer note | 7,150 fi7 | 7,150.05 | 3,573.94 | 7,150.47 | 3,573,94 | ||||
I I | Other Equity | 3,24,494.6 1 | 5,02,331.86 | |||||||
Earnings per cquir share (Face Value ot 7 2 per share) (Not | ||||||||||
Annualised for the quarter) (Refer note 4) | ||||||||||
Basic EPS I T) (Before exceptional item) | 1.64 | 1.56 | 1.46 | 8.3 I | 7 82 | |||||
Diluted EPS (T) (Before exceptional item) | 1.64 | 1.56 | 1.46 | 8.30 | 7.82 | |||||
Basic EPS IT) (After exceptional item) | i .44 | 1.56 | 1.46 | 9.44 | 7.82 | |||||
Diluted EPS (I) (After exceptional item) | 1.44 | 1.56 | 1.46 | 9.43 | 7.82 | |||||
^ Tax expenses are excluding the current tax and deferred tax on exceptional item | ||||||||||
The above Audited Standalone Financial Results of The Phoenix Mills Limited ('the Company') for the quarter and year ended 31 March 2025 have been reviewed bv the Audit Committee and thereafter approved bv the Board of Directors at their respective ineetines held on 30 April 2023 | ||||||||||
Duting the year ended 31 March 2025 the pnid up equity share capital stands increased from 1 3,373.94 Lakhs to i 7,150.47 Lakhs pursuant to the allotment o 81,203 equity shares of T 2 each pursuant to exercise of options by eligible employees, under ESOP schemes 2007 and 2018 and allotment of Bonus Equity Sheres to all the Shareholders | ||||||||||
3 | 3.1 Exceptional item for the year ended 31 March 2025 represents gain of T 4,737.6J Lakhs on account of Sale of undivided share in Land and applicable development potential by the Company to its subsidiary, Plutocrai Commercial Real Estate Private Limited tor the consideration of T 7.600 lairhs. Figures presented above is net of cost and taxes, 3 2 Certain wholly owned subsidiary Companies hnve decided to close down their business opemtions in absence of significant business activities (subject to necessary approvals). The Company has therefore decided to impair investment in said wholly owned subsidiaries based on the annual impairment evaluation one accordingly booked the impairment losses on the said investments(net of reversals of provision made earlier against Inter Corporate Deposits/Advances of I 1,393.22 Lakhs) amounting to T 698.66 Lakhs under exceptional items during the quarter and year ended 31 March 2025. | |||||||||
Pursuant to the approval of the Shareholders at the 119th Annual General Meeting held on 13 September 2024, the Bonus Issue Committee of the Board o Directors of the Company, •‹ 'ts meeting held on 23 September *024, approved the allotment of I7,87,4'i,921 Equity shares of 1 2 each as fully paid up equit) shares in the ratio of 1:1 i,e 1 (one) new fully paid Bonus Share for every 1 (one) Equity Share (1:1) held by the Equity Shareholders of the Company as on Record Date i.e. 2 I September ?024 . During the year, pursuant to the said Bonus Issue of Equity Shares and allotment of ESOPs, the paid-up equity share capital of the Company has increased to Z 7,150.47 Lakhs As per the provisions of Ind AS 33, Earnings Per Share figures for all the previous periods presented have been restated using the revised number of equity shares as the denominator. | ||||||||||
The Company is predominantly engaged in the business of property and related services, whose results are reviewed regularly by Chief Operating Officer abou resource allocation and performance assessment and hence. there are no separate reposing segments as per Ind-AS 108 | ||||||||||
6 | The Board ot'Directors have recommended a finai dividend of'T *.50/- per equity share ot'T 2/- each subject to shareholders approval | |||||||||
7 | The figures for the quarter ended 3 I March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of full financial year ended 31 March 2025 and 31 March 2024 and unaudited published year to date figures upto the nine months of the relevant financial year which were subjected io limited review bv the Statutory Auditor. | |||||||||
Previous 0enod's / veals figures have been regrouped or rearran•ed wherever necessary, to make them comparable Myra current period | ||||||||||
Date : 30 April 202» | For and on behalf of tbe board of Directors | |||||||||
The Phoenix Mills Limited
Audited Standalone Balance Sheet as af 3l ''Inrch 202»
‹•Wotnn in INR lakh unless othenvise staied)
Particulars | .4s at 31 .march 202a | .-is nt 31 ''larch 2024 | ||||||
ASSETS | ||||||||
hon-Curren I Assets | ||||||||
Property. Plgnt a d Equipment | 4.398 48 | 3.27D02 | ||||||
IiiveshneJtt Property | 79,644.27 | 42.009,94 | ||||||
Tnvestineitt Property under Construction (iitcluding Capital work ii› prot'ress) | 6.1.656. 6G | 37084,?4 | ||||||
T tangible .Assets | 1.60 | 1.37 | ||||||
Financial ,Assets | ||||||||
4.11.882 70 | 4,41.G80.3 I | |||||||
Lonns | 138.80 | 210.00 | ||||||
Other FHJai1ciaI .Assets | 6,957,03 | 7.0? I l7 | ||||||
Deferred Tot.x Asset (net) | 221 I | 233.97 | ||||||
Income Tax Assets (net) | 9,473 3'? | 6,713.13 | ||||||
Other foil-Current .4ssets | I.50».22 | 3.367 09 | ||||||
Tofal Non-Current Assets | o.?9,082.27 | 5.JS.709.»6 | ||||||
Current .4ssete | ||||||||
Financial .4gsets | ||||||||
mvenmans Trade Receivables C"asli and Cash Equivalents | 20,314.36 2.288.49 2.277.14 | |||||||
Bank Balances O‹lter thnn Cash and Cash Equivalent | 66.88 | 79b | ||||||
Loans | 28,366,58 | 23.19I .26 | ||||||
Other Financial Assets | 1.303.90 | 8.197.64 | ||||||
Other Current .Assets | 485.36 | 801,72 | ||||||
Total Current Assea | o7,876.8» | |||||||
Toral Acsets | 614,18c.38 | 6.03J86.41 3,573.94 3.02.33 I.8G 5.O5,90o.80 6I.G7S.83 4,138,61 427.38 2.160,30 68,402.12 10.31158 545.4 I 2,401,07 l4,J9l.95 1450.0? 73.36 29,278.49 97,680.61 6.03,o86.41 | ||||||
EQUITY AND LIABf LIT IES | ||||||||
Equity | ||||||||
Equity Share Capital | 7,150.47 | |||||||
Otter Equity | 5,24,494.61 | |||||||
Total Equity | 0,31,645.08 | |||||||
liabilities | ||||||||
Non-Current Liabilities | ||||||||
Financial liabilities | ||||||||
Borrowings | 68,2t0.76 | |||||||
Other Financial Liabilities | 1,G73.37 | |||||||
Provisions | 481.05 | |||||||
Other No›t-Current Liabilines | 2.125. 45 | |||||||
Total Non-Carrent Liabilities | 76,491.SP | |||||||
Current Liabilities | ||||||||
Financial Liabilities | ||||||||
Borrowings | 6.723.IG | |||||||
Trade Payables | ||||||||
i) total outstanding dues of micro enterprises and small enterprises | ||||||||
ii) total outstanding dues of creditors other than micro | ||||||||
enterprises and small enterprises | 1,863,03 | |||||||
Other Financial Liabilities | IS,6I3.40 | |||||||
Other Current Liabilities | 1,218.10 | |||||||
92.96 | ||||||||
Total Current Liabilities | 26,048.77 | |||||||
Total Liabilities | 1,02.»40.30 | |||||||
Total Equitv and Liabilities | 6,34,!85.36 | |||||||
Place: l'vlumbai Date : 30 April 2025 | For and on behalf of the baard oF Directors ( (Cludn8anl | |||||||
.Audited St.element of Standalone Cash Flo* for the 5 tgr endci4 3I Harem 20*ñ fnmciini in I fl Iwith unless oiteru•ise emiedi
31 ñ Iiirch ?02* | 1.1 it nmh z024 | |||||||
36,9-4 .fiz | 32.122.89 | |||||||
Sdtusfntenls No›-. | ||||||||
Deprecia‹on and amortjzaNon expenses | J,46330 | 147507 | ||||||
(Ga‹n)/Loss on 5aIe/6›sposaI of'Propem'. Plant and Equipment | 033 | M7?D | ||||||
(Ga›n)/Loss on fa r "aIuat›on of in es ments measured at fair alue through proftl @ loss | 8?76 | |||||||
Sundry balances \- iIfe›J bacL Ba lauce in Debtor.s .-‹l ailces \rit tell oF( | ||||||||
-Id 'ance Lease Ren1a| on Secur i} deposit- lJttl V .1‹IjustnJent License Fees EqualisaHo›y | {?2706 | |||||||
Rebate and Se‹clement | 171 ?l | |||||||
Pro'ision for DoubcFr›I Debis and .ñdanceS | *30 00 | |||||||
Interest Expense for financial liabiliiies at amonised cost | ("0GJ67 | |||||||
In teres‹ Expense Ind .US Add uslments- Securil v Deposn | 7S?l6 | |||||||
Share Based pgvmeiJts to employees | 72.14 | |||||||
Do idend Income | (8,767.58 | |||||||
Share of Loss From Pannership Firm | 11.29 | |||||||
Share oF Frofii From LLP | ||||||||
(Gain)/Loss on Sale of ins-esiments | I 601 5T | C3P807 | ||||||
ChRn°es in •*oi-ki•g cnpitnl | ||||||||
(Increase)/decrease in hon-Current .-ssets | 2.00e 30 | |||||||
(lncrezsel/decrease tn Tmde Recei abide | 3.10 | 797.40 | ||||||
(Increase)'decrease ‹n Current Asse‹s | 1.1** 80 | |||||||
Increase/(decrease) in Xon•C'urrent Liahilcies | T,537J6 | (4.128 6o | ||||||
Increase'(decrease) in Tmde Payables | 1.918 fi7 | |||||||
Tncre2se/(decrease} jn Current Liabilic‹es | (loouu | 688.08 | ||||||
JA.na?.J2 | 28.310.05 | |||||||
Less Income uxes paid (Net) | IS 098?0 | |||||||
Net cnsh inflows in opei gting .activi‹im (.) | 92.0J3.?2 | |||||||
Cosfi for' Fzom investing activities Payment for property. plant and equipmenc, inNn tble assms and ink estment propertv | (69,036.00 | ( 19.038 70 | ||||||
Sale of Progeny, Plant and Equipment ' Investment Properw under Construction (including Capnzl work in pro;;ress) | 7.600 00 | |||||||
mm Corporate DepoSM & Loans (pTaCed)/refunded (Net) | ||||||||
( I,08, 710.20 | 4?,72000 | |||||||
Sale of In•'estmenis | l,08,d82 1 3 | J?77S57 | ||||||
Purchase of Debr Securines .' Non converhble Debentures | (?,0l667 | |||||||
Sale of Oebt Securities / Non cont ertible Debentures | t05587 | K^6347 | ||||||
Term Deposits Slatured | 8.78300 | ?,â0l 00 | ||||||
Term Deposits placed | (8J6300 | (i.?x+oo | ||||||
Equip Investments made in Subsidiaries/Associates/J annership Firm | (1S50 | |||||||
Investments in debentures of Subsidiaries ' .Msociales Redemption of debentures of Subsidiaries ' .Associates Interesi Receded Dl idend Recened | 6?,9?624 3.5390B 85t758 | |||||||
Net cash used i'rom investing activities (al | lRh72.62 | |||||||
Cosh flow from Cirinricis g .activities | ||||||||
Nei proceeds from issue of equity shares at share premium ('ei of Issue Expenses) | ||||||||
Inter Corporate Depostt Repaid) | t I 3.500 00 | |||||||
Borroivint,s repaid | (4 0004 | t9.51 I ?3 | ||||||
Borrowings a z ited | 13.50000 | |||||||
In terest pald | (G,39917 | |||||||
Dividend paid | (1.957 19 | • | ||||||
Set cash infiow used from m•Rsting •activities (C{ | ||||||||
(8.837.28 | ||||||||
Cash and cash equi›'alents ai ihe beginning of the year | lO37J? | |||||||
Cash .and cnsh equi*•alents nt the end of the yeai• | 127714 | |||||||
Reconciiiatioz• oFcash nnd cgsh equivalents as pe‹• the ctish flow statement Components oF cash and cgsh equis'gIznis Balances with banks Deposit wiih maiuray of less than 3 months Cash on hand Bank o •erdrañs Totnl cnsli mid cash eouivalents at cmd oF the veni• | o76 4? 1.700 00 0.69 | ??808 (t !30 3? | ||||||
L277.1J | f5S99.96 | |||||||
For .and oa behalf of Ihe boa›al oF Dit•eclon | ||||||||
B Associates LLP
C HA RTE R E D ACCO U N TA I'd T S
Independent Auditor's Report on Audit of Quarterly and Annual Consolidated Financial Results of The Phoenia Mills Limited ("the Parent") pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, as amended
To the Board of Directors of
The Phoenia Mills Limited
Opinion
We have audited the accompanying Statement of "Audited Consolidated Financial Results for the Quarter and Year ended 31 March, 2025" (refer paragmph 2 of'Other Matters' section below) of The Phoenix Mills Limited ("the Parent"), which includes its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit/loss after tax and total comprehensive income/loss of its associates for the quarter and year ended 31 March, 2025 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of the other auditors on standalone/Consolidated financial statements/ financial results/ financial information of subsidiaries and associates, referred to in Other Matters section below, the Statement:
includes the results of the following entities:
List of Subsidiaries:
* Ceased to be a subsidiary during the Year
Alliance Spaces Private Limited; Alyssum Developers Private Limited; Astrea Real Estate Developers Private Limited; Bartraya Mall Development Company Private Limited; Big Apple Real Estate Private Limited; Bellona Hospitality Services Limited; Blackwood Developers Private Limited; Butala Farm Lands Private Limited; Casper Realty Private Limited; Classic Mall Development Company Limited; Coimbatore Sameera Investments Private Limited; Destiny Retail Mall Developers Private Limited; Dhanalakshmi Engineering Private Limited; Enhance Holdings Private limited; Finesse Mall and Commercial Real Estate Private Limited; Gangetic Developers Private Limited; Graceworks Reality and Leisure Private Limited; Insight Mall Developers Private Limited; Island Star Mall Developers Private Limited; Janus Logistics and Industrial Parks Private Limited*; Market City Management Private Limited; Market City Resources Private Limited; Mindstone Mall Developers Private Limited; Mugwort Land Holdings Private Limited; Offbeat Developers Private Limited; Orcus Reality Limited (formally known as Orcus Logistics and Industrial Parks Limited); l'alladium Consbuctions l'rivate Limited; l'allanzio Hotels and Leisure Limited, Phoealx Digital Technologies Private Limited; Phoenix Logistics and Industrial Parks Private Limited; Pinnacle Real Estate Development Private Limited; Plutocrat Commercial Real Estate Private Limited; Pulankinar Investment and Finance Private Limited; Rentcierge Developers Private Limited; Sangam Infrabuild Corporation Private Limited; Sparkle One Mall Developers Private Limited; Sparkle Two Mall Developers Private Limited; Sparkle Three Mall Developers Private Limited; Savannah Phoenix Private Limited; SGH Realty Private Limited (Formally known as SGH Realty LLP; Shanthi Chandran Enterprises Private Limited; Shanthi Chandran Investments Coimbatore Private Limited; Sheela Traders Private Limited.; Thoth Mall and Commercial Real Estate Private Limited; True Value infrabuild Private Limited ( formally known as True value Infrabuild LLP); Upal Developers Private Limited; and Vamona Developers Private Limited
REGD. OFFICE: SUITE# NE3079L:»:::4:u40t0M SENA2'A4gB4A01M It /t AREL, MUMBAI
CORP. OFFICE: 4S-46, MITTAL COURT, C WING, 4* FLOOR, NARIMAN POINT, MUMBAI - 400 021.
PHONE: +91 22 4973 2396 / 4605 4964
BRANCH OFFICE: 604, NORTH BLOCK, REAR WING, MANIPAL CENTRE, DICKENSON ROAD, BENGALURU - 560 042.
& Associates LLP
C HA RTE R E D AC CO U II TA hf TS
List of Associates:Classic Housing Projects Private Limited; Columbus Investment Advisory Private Limited; Mirabel Entertainment Private Limited; Starboard Hotels Private Limited and Stratix Hospitality Private Limited.
is presented in accordance with the requirements of Regulation 33 of the Listing Regulations
gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the quarter and year then ended.
We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under Section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those Standards are further described in Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the Group, its associates and joint ventures in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("the ICAI") together with the ethical requirements that are relevant to our audit of the Statement under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion.
Emphasis of Matter ParagraphWe draw your attention to Note No. 7 of the Statement, regarding the Consolidated Financial Results of the Group include financial Statements of four subsidiaries which have not been prepared on going concern basis and accordingly, assets and liabilities of those subsidiaries have been recognized at realizable value/ at their expected settlement values.
Our opinion has not been modified in respect of the above matter.
Responsibilities of the Management and the Board of Directors for the StatementThis Statement is the responsibility of the Parent's Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited consolidated interim financial information for the quarter and year ended 31 March, 2025. This responsibility includes the preparation and presentation of
sheet...
& Associates LLP
C HA RT E RE D AC CO U N TA NT S
the Statement that give a true and fair view of the consolidated net profit and consolidated other comprehensive loss and other financial information of the Group including its associates and joint ventures in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
The respective Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its associates and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Parent, as aforesaid.
In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associates are responsible for overseeing the financial reporting process of the Group and of its associates.
Auditor's Responsibilities for the Audit of the StatementOur objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue'an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
Continuation sheet...
B Associates LLP
» Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
« Obtain sufficient appropriate audit evidence regarding the standalone financial statements/financial results/financial information of the entities within the Group and its associates to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the, Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement.
We communicate with those charged with governance of the Parent and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 dated 29th March, 2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations to the extent applicable.
Continuation sheet...
& Associates LLP
C H A RTE R E D AC C O U N TA NT S
Other Matters
The accompanying Statement includes the audited standalone financial statements/financial results/financial information, in respect of-
41 subsidiaries, which have not been audited by us, whose audited standalone financial statements/financial results/financial information reflect total assets of Rs. 21,19,867.73 lakhs as at 31 March, 2025, total revenues of Rs 74,649.07 lakhs and Rs 2,74,343.74 lakhs for the quarter and year ended 31 March, 2025 respectively, total profit after tax of Rs 23,194.92 lakhs and Rs 87,640.20 lakhs for the quarter and year ended 31 March, 2025 respectively, total comprehensive income of Rs. 19,367.33 and Rs 89,106.51 lakhs for the quarter and year ended 31 March, 2025 respectively, and net cash outflow of Rs. 24,150.40 lakhs for the year ended 31 March, 2025, as considered in the Statement which have been audited by other auditors.
3 associates, which have not been audited by us, whose audited standalone financial statements/financial results/financial information reflect Group's share of profit after tax of Rs. 3.75 lakhs and Rs. 26.74 lakhs for the quarter and year ended 31 March, 2025 respectively, and total comprehensive income of Rs 4.63 lakhs and Rs.29.85 lakhs for the quarter and year ended 31 March, 2025 respectively, as considered in the Statement which have been audited by other auditors.
The reports on the audited financial statements/financial results/financial information of these entities have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on the reports of such auditors and the procedures performed by us as stated under Auditor's Responsibilities for the Audit of the Statement section above.
Our opinion on the Statement is not modified in respect of the above matter with respect to our reliance on the work done and the reports of such auditors.
The Statement includes the results for the quarter ended 31 March, 2025 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us, as required under the Listing Regulations. Our opinion on the Statement is not modified in respect of this matter.
For D T S & Associates LLP
Chartered Accountants
(Firm's Registration No. 142412W/WI00595)
Umesh B. Nayak
Partner
Membership No. 101183
UDIN: 25101183BMMFRE2975
Place: Mumbai Date: 30 April, 2025
sheet...
THE PHOENIX MILLS LIMITE D Regd. Office :- 462, Senapati Bapat J'VIarg, Lower Parel, J'VIumbai - 400013, CIN: L17100MH19o5rrco00200 Tel : {022) 43339999 E-mail : investorrelationséphoenixmills.com Website : https://www.thephoenixmills.com AUDITED CON SOLIDATED FINANCIAL RESULTS FOR THC QUARTER AND YEAR ENDED 31 RIARCH, 2025 (T In Lakhs) | |||||||
Sr. No. | PARTICULARS | Three Months Ended on | Year Ended on | ||||
31-03-2025 | 31-12-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024 | |||
Audited | Unaudited | Audited | Audited | Audited | |||
Income | |||||||
Net Sales / Income from operations | 1,01,633.55 | 97,513.04 | 1,30,594.87 | 3,81,357.29 | 3,97,768.75 | ||
Other Income | 4,514.60 | 3,039.61 | 3,719.15 | 15,090.06 | 13,217.97 | ||
Total Income | 1,06,148.15 | 1,00,552.65 | 1,34,314.02 | 3,96,447.35 | 4,10,986.72 | ||
2 | Expenses | ||||||
a) (Increase)/ Decrease in Stock in Trade/Work in Progress | 1,926.54 | (1,947.15) | 23,721.80 | 783.48 | 33,422.85 | ||
b) Cost of Materials Consumed/ Construction Related Costs | 5,258.33 | 7,440.36 | 7,973.32 | 21,044.71 | 22,051.93 | ||
c) Employee Benefits Expenses | 8,698.43 | 9,864.67 | 7,391.66 | 36,268.71 | 29,894.67 | ||
d) Finance Costs | 9,412.17 | 10,288.39 | 9,954.81 | 40,321.29 | 39,586.82 | ||
e) Electricity Expenses | 4,856.74 | 5,164.78 | 2,421.53 | 21,374.66 | 16,182.81 | ||
9 Depreciation and Amortisation Expenses | 9,023.28 | 8,126.88 | 7,572.23 | 32,631.73 | 27,020.43 | ||
g) Impairment Losses | 761.22 | ||||||
h) Other Expenses | 24,928.43 | 21,707.81 | 26,414.31 | 85,768.14 | 77,753.67 | ||
Total Expenses | 64,103.92 | 60,645.74 | 85,449.66 | 2,38,212.72 | 2,46,694.40 | ||
3 | Profit before Exceptional Items | 42,044.23 | 39,906.91 | 48,864.36 | 1,58,234.63 | 1,64,292.32 | |
Exceptional Item (net) (Refer note - 2) | (272.84) | 1,598.47 | 1,274.63 | ||||
5 | Profit before Tax* | 41,771.39 | 41,505.38 | 48,864.36 | 1,59,509.26 | 1,64,292.32 | |
Tax Expense ^ | 7,120.46 | 6,412.19 | 9,984.76 | 29,356.62 | 31,660.20 | ||
7 | Net Profit After Tax for the period | 34,650.93 | 35,093.19 | 38,879.60 | 1,30,152.64 | 1,32,632.12 | |
Add/(Less): Share in Profits of Associates | 119.13 | 183.44 | 278.06 | 581.30 | 642.55 | ||
8 | Net rrofit After Tax & Share in rrofits /(Loss} of Associates | 34,770.06 | 35,276.63 | 39,157.66 | 1,30,733.94 | 1,33,274.67 | |
9 | Other Comprehensive loss/ Income (Net of Tax) | (4,247.45) | (1,238.19) | (182.96) | 1,382.27 | 5,294.98 | |
10 | Total Comprehensive Income after Taxes | 30,522.61 | 34,038.44 | 38,974.70 | 1,32,116.21 | 1,38,569.65 | |
Net Profit attributable to | |||||||
a) Owners of the Company | 26,882.19 | 26,476.27 | 32,673.01 | 98,422.57 | 1,09,920.88 | ||
b) Non controlling interest | 7,887.87 | 8,800.36 | 6,484.65 | 32,311.37 | 23,353.79 | ||
12 | Other comprehensive income attributable to | ||||||
a) Owners of the Company | (4,204.71) | (1,238.18) | (170.53) | 1,425.64 | 5,307.41 | ||
b) Non controlling interest | (42.74) | (0.01) | (12.43) | (43.37) | (12.43) | ||
13 | Total comprehensive income attributable to | ||||||
a) Owners of the Company | 22,677.48 | 25,238.09 | 32,S02.48 | 99,848.21 | 1,15,228.29 | ||
b) Non controlling interest | 7,845.13 | 8,800.35 | 6,472.22 | 32,268.00 | 23,341.36 | ||
14 | Paid-up equity share capital (Face Value i2/- per share) (Refer note 3) | 7,150.47 | 7,150.05 | 3,573.94 | 7,150.47 | 3,573.94 | |
15 | Other Equity | 10,37,664.13 | 9,42,197.16 | ||||
16 | Earning Per Share (Not Annualised for the Quarter} (Refer note 4) | ||||||
Basic EPS (1) (Before exceptional Items) | 7.60 | 6.96 | 9.05 | 27.18 | 30.68 | ||
Diluted EPS (T) (Before exceptional Items) | 7.59 | 6.96 | 9.03 | 27.16 | 30.66 | ||
Basic EPS (i) (After exceptional item) | 7.52 | 7.41 | 9.05 | 27.53 | 30.68 | ||
Diluted EPS (T) (After exceptional item) | 7.52 | 7.40 | 9.03 | 27.52 | 30.66 | ||
* Profit before tax is after exceptional item and tax thereon. ^ Tax expenses are excluding current tax and deferred tax on exceptional item. | |||||||
THE PHOENIX RIIL LS LIMITED Regd. Office :- 462, Senapati Bapat Marg, Lower rarel, Mumbai - 400013, CIN: LI7I00NIH1905PLC000200 Tel : (022) 43339999 E-mail : investorrelationsHphoenixmil1s.com TVebsite : https://www.thephoenixmil1s.com AUDITED CONSOLIDATED FINANCIAL RESU LTS FOR THE QUARTER AND YEAR ENDED 31 MARCH, 2025 | |||||||||||
Notes: | |||||||||||
1 | the above Audited Consolidated Financial Resul ts of The Phoenix Mills Limited ('the Company') for the quarter and year ended 31st March 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 30tli April 2025. | ||||||||||
2 |
| ||||||||||
3 | During the year ended 31st March 2025 the paid up equity share capital stands increased from T 3573.94 to I 71ñ0.47 Lakhs pursuant to the allotment of 81,203 equity shares of 1 2 each pursuant to exercise of options by eligible employees, under ESOP schemes 2007 and 2018 and allotment of Bonus Equity Shares to all the shareholders. | ||||||||||
Pursuant to the approval of the shareholders at the 119th Annual General Meeting held on 13 September 2024, the Bonus Issue Committee of the Board of Directors of the Company, at its meeting held on 23 September 2024, approved the allotment of 17,87,44,921 Equity shares of 1 2 eacla as fully paid up equity shares in the ratio of 1:1 i.e 1 (one) new fully paid Bonus Shares for every 1 (one) Equity Share (1:1) held by the Equity Shareholders of the Company as on Record Date i.e. 21 September 2024. During the year, pursuant to the said Bonus Issue of Equity Shares and allotment of ESOPs, the paid-up equity share capital of the Company has increased to T 7,150.47 Lakhs. As per the provisions of Ind-AS 33, Earnings Per Share figures for all the previous periods presented have been restated using the revised number of equity shares as the denominator. | |||||||||||
5 | The Board of Directors have recommended a final dividend of I 2.5/- per equity share of I 2/- each subject to shareholders approval. | ||||||||||
6 | Based on the results & the financial information regularly reviewed by Chief Operating Officer for making decisions about the resource allocation & performance assessment, the group has on consolidated basis identified three reportable segments viz Property & related services, hospitality services and Residential Business as per Ind AS 108. The Segment information is as per Annexure "A". | ||||||||||
7 | Consolidated Financial Results of the Company include financial statements of four subsidiaries (Bartraya Mall Development Company Private Limited, Enhance Holdings Private Limited, Sangam lnfrabuild Corporation Private Limited and Savannah Phoenix Private Limited) v hich have not been prepared on going concern basis and accordingly, assets and liabilities of those subsidiaries have been recognized at realizable value/ at their expected settlement values. | ||||||||||
8 | As at 31st March 2025, the Company have 46 subsidiaries and 5 associates. | ||||||||||
9 | The figures for the quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures in respect of full financial year ended 31st March, 2025 and 31st March, 2024 and unaudited published year to date figures upto the nine months of the relevant financial year Which were subject to limited review by the Statutorv Auditor. | ||||||||||
10 | Previous period's / year's figures have been regrouped and rearranged wherever necessary to make them comparable with current period. | ||||||||||
For and on behalf of the board of Directors Atul Rnia Place : Mumbai DIh1: 000g739fi Dated : 30 April 2025 | |||||||||||
THE PHOENIX cut re run rev AUDITED CONSOLIDATED BALANCE SHEET AS AT 31 RIARCH 2025 | (T In Lakhs) | ||||||||||||||||
Sr No. | As at 31 l'VIarch 2025 | As at 31 1'vlarch 2024 | |||||||||||||||
Audited | Audited | ||||||||||||||||
ASSETS | |||||||||||||||||
Non-current assets | |||||||||||||||||
Property, plant and equipment | 2,27,976.8? | 2,29,983.37 | |||||||||||||||
fnv nstrneril Proper tv | 1, 9,332,24 | 0,27, 199.17 | |||||||||||||||
fnvatmen I'roperty under construction (including Capital Vork in Progress) | 3,14,277.64 | i,S0,32S.69 | |||||||||||||||
L0odss'ill on consolidation | 59,169.73 | 62,032.72 | |||||||||||||||
lntnngihle Assets | 164 .52 | 21-1.70 | |||||||||||||||
tntan¿lbIe Asset undei Developlnen I | |||||||||||||||||
Financial assets | |||||||||||||||||
- Investments | 47,948.14 | 40,138.03 | |||||||||||||||
- Loan | 138.89 | 230.00 | |||||||||||||||
- Other | 24,009.40 | 23,10 .93 | |||||||||||||||
lk•ferred tax assets (Net) | 10,389.53 | ?,552,07 | |||||||||||||||
Income Tax Assets (net) | 2T,477.79 | 17,812.92 | |||||||||||||||
Ofher non-current assets | 8.592.76 | 25,906,19 | |||||||||||||||
lA | 18,83,474.79 | 15,84,800.81 | |||||||||||||||
C_urrent assets | |||||||||||||||||
Inventories | 77,390.60 | 78,174.07 | |||||||||||||||
ElnAnci I assets | |||||||||||||||||
- Investments | 98,322.28 | 1,32,396.05 | |||||||||||||||
- Trade and other receivables | 23,019.23 | 27,004.87 | |||||||||||||||
- Cash and cash ec ui va lents | 22,266.83 | 4o,444.05 | |||||||||||||||
- Bank Balance other than above | 28,933.96 | 25,519.80 | |||||||||||||||
- Loa ns | 1,663.81 | 6,241.35 | |||||||||||||||
- Other | 10,981.02 | 12,690,92 | |||||||||||||||
tether current assets | 6,868.39 | 11,274.14 | |||||||||||||||
(B) | 2,69,648.12 | 3,38,745.2S | |||||||||||||||
TOTAL ASSETS (A + B) | 21,53,122.91 | 19,23,546.06 | |||||||||||||||
3 | Equñy and liabilities | ||||||||||||||||
kt]tilty Share capital | 7,150.47 | 3,073.94 | |||||||||||||||
L3ther equity | 10,37,664.13 | 9,42,197.16 | |||||||||||||||
Equity attributable to the owners | 10,44,814.60 | 9,45,771.10 | |||||||||||||||
Non-controlling in terest | 3,40,456.71 | 2,92,973.06 | |||||||||||||||
(A) | 13,85,271.31 | 12,38,744.16 | |||||||||||||||
LIABILITIES Non-current liabilities | |||||||||||||||||
Financial liabilities | |||||||||||||||||
- Bor roivings | 3,84,707.01 | 3,84 ,308.49 | |||||||||||||||
- Lease Liabilities | 1,749.05 | 2,104.71 | |||||||||||||||
-Trade Payables | 0.21 | ||||||||||||||||
- Other financial Iiabilities | 1,01,382.39 | 40,974.0Z | |||||||||||||||
Prov isions | 3,783.09 | 2,948.08 | |||||||||||||||
Defer red tax Iiabilities (Net) | 34,996.79 | 32,499.29 | |||||||||||||||
Ot | her non-current liabilities | (B) | 4,427.87 | 3,237.86 | |||||||||||||
5,31,046.20 | 4,6S,073.21 | ||||||||||||||||
Current liabilities | |||||||||||||||||
Financial liabilities | |||||||||||||||||
- Borrow ings | 84,603.6J | 79,883.53 | |||||||||||||||
- Lease Liabilities | 662.14 | 627.26 | |||||||||||||||
- Trade Payables | 20,319.70 | 20,W14.70 | |||||||||||||||
- Other financial liabilities | 1,04,813.65 | 89,682.64 | |||||||||||||||
Ot | her current liabilities | 15,58?.66 | 14,682.45 | ||||||||||||||
Pr | ovisions | 13,265.2T | 13, 34.77 | ||||||||||||||
Cu | rrent tax Liabilities (net) | (C) | 557.43 | 1.203.31 | |||||||||||||
2,36,805.40 | 2,19,728.69 | ||||||||||||||||
TO | TAL EQUITY AND LIABILITIES (A+B+C) | 21,53,122.91 | 19,23,546.06 | ||||||||||||||
For and on behalf of the Board of Directors DIN: 00087396 | |||||||||||||||||
lChairman)
THE PHOE UX i'IILLS LIi'vl ITED AUDITED CONSOLIDATED CASHFLOIY STATEi'vlENT £OR THE YEAR ENDED 31 NIARCH, 2025 (1 In Lakhs | |||||||||
Particulars | f or fne year enneo March 31 2025 | ror tne rear enoed hfarclt 3t 2024 | |||||||
A. CASH FLO¥VS £ROi'vI OPERATING ACTIVITIES | |||||||||
Profit before Tax | I,°i9,509.26 | 1,64,29Z.32 | |||||||
Adjustments for: | |||||||||
Depreciation o net Amortizatio n Ex pet ses | 32,G5l.73 | 27,020.43 | |||||||
Loss/(Ga in) on saie Of Propertv, Pla n t arrd Sq u ip went | 7 25 | 560.8?o | |||||||
U n renlisec4 Foreign exch.u nge loss/(ga in) | (30J3 | ||||||||
Ptoy ision for Doubtful debts/Bnla rice Written Off | 2,29?.70 | 1,606.50 | |||||||
Ana pairmen t Losses | 781,22 | ||||||||
Exception a I Item | (1,274.63) | ||||||||
Share base‹4 pavrnen ts to employees | 297,1 fi | 440.28 | |||||||
Ac4 va wee Lease Rental on Seen ri fy Deposi t | (4,?n12.01) | (2,123,79) | |||||||
License Fees Eg rialisatiofi | (a ,269.86) | (1,039.47 | |||||||
In terest Ex dense for Fina ncia I liabilities a t a naortisecl cost | 33,7'l3 S I | ||||||||
Interest Ex pense o I TlacJAS Acij ustiren ts | 3,fi73.0'l | ||||||||
Interest Income | (4,999,08) | ||||||||
Dr x idend Income | |||||||||
Profit on sa Ie of In 'estments | (7,J64.64) | ||||||||
Loss/(Gnin) on fa ir val uati on of in vest men ts measured at fa ir val ue th rough profi t & loss | (53.42) | (3,536,J0 | |||||||
Sundry Bale nces Written Back | (1,046.33) | (97SJ6) | |||||||
Share of loss from Partnership firm | 2 4°i | ||||||||
Operating cash flow before working capital changes | 2,14,934.53 | 2,18,337.10 | |||||||
Changes in Working Capital | |||||||||
(Increase)/ctecrease in hon-Current Assets | 2,726,22 | (?a,837.04) | |||||||
(Increase)/decrease in Inventories | 783.47 | 33,847:61 | |||||||
(Increase)/decrease in Trade Receivables | 2,737,45 | (4,786.61) | |||||||
(Increase)/decrease in Curren I Assets | 5,57i67 | 4,43L35 | |||||||
1ncreaseJ(decrease) in You-Current Liabilities | 60,247i2 | 1l ,81a.21 | |||||||
Increase/(decrease) in Trade Pa) obles | (4,53}71 | 1,798.66 | |||||||
Increase/(decrease) in Current Liabilities | (45,63L76 | (14,83T 2) | |||||||
2t.906.84 | 29.434.65 | ||||||||
Cash generated from Operations | 2,36,B4],37 | 2,47,771.75 | |||||||
Less: Income taxes paid (Set) | (28,38042 | (31,678.15 | |||||||
Net Cash.generated from Operating Activities IAW | 108,355.95 | 2,16,093 60 | |||||||
B CASH FLOW FROFI INVESTING ACTIVITIES | |||||||||
Payment (or Property, Plant and Equipment, tn vestment Property, Capital Work-In-Progress and Intangible Assets | (2,61,728&l ) | (1,67,364.39 | |||||||
Sale of Property, Plant and Equipment / Investment Property | 201,58 | 32.41 | |||||||
Inter Corporate Deposits & Loans (p1oced)/refunded (Net) - Short Term | 4,666,63 | (1,291.99 | |||||||
Term Deposits matured / (place‹J) (Net) | (4,846.05) | 8,125.5J | |||||||
Purchase of In vestments | (2,66,045.92) | (2,?2,2'?J.J9 | |||||||
Sale of Investments | 3,fi7,203.8J | 2,22,230.64 | |||||||
Investment in Associates | (4,999.77) | ||||||||
Sale of Stake in Subsidiary | 4,'l8fi.60 | (269.60 | |||||||
Interest Received | o,063.41 | 4,820J5 | |||||||
Dividend Recei ved | °i4.36 | S3.42 | |||||||
Net Cash generated from /(Used in) Investing Activities (B) | (2,16,212.14 | (1,85,914.94 | |||||||
C CASH FLOW FROM FINANCING | |||||||||
Net proceeds from issue of Equity shares at Share Premium - ESCiP (Net of Issue Expenses) | 029.4 2 | 53963 | |||||||
Long Term Borrowings repaid | (29,277N4) | (?7,46061 | |||||||
Long Term Borrov›'ings ax filed | 39"600.00 | 1,05,00119 | |||||||
Short Term loans o vailecJ / (repoid) (Set) | 3,3S9.98 | (31,005.20 | |||||||
Interest poid | (3-t,3'i1.01) | (38,056.89 | |||||||
Net Proceeds from filinori ties | 22,?a2J.83 | ||||||||
Dividend Paid | l8,9'i9.37) | {8,959.61) | |||||||
Net Cash uprated fromf(Used in) Financing Activities IC) | (4,727.J9) | (29,920.89 | |||||||
D Net lnczeasel (Decrease} in Cash and Cash Equivalents (A+B+C) Casfi and Cash equip alenIs aI the beginning of the period Cash and Cash equivalents at the end of the eriod | |||||||||
tl2.583.38 | 257.77 | ||||||||
9,873.99 | 9,6t6.22 | ||||||||
f2 709.39 | 9,873.99 | ||||||||
Notes :- | |||||||||
1 Component of cash and cash equivalents | |||||||||
Cash on hand | 92.07 | 68.05 | |||||||
Balances 'i th sched ulcrl banks | 22,T7J.76 | 43,376.00 | |||||||
Bank overdrafts | f24,976.221 | [35,370.06 | |||||||
Total cash and cash equivalents at end of the period | f2.709.39 | 9,874.99 | |||||||
for and on behalf of the Board of Directors DUE:000&7596 | |||||||||
Particulars | Annexure "A" Three Months Ended On | (Y In Lakhs) Year Ended On | |||||||
31-03-2025 | 31-12-2024 | 31-03-2024 | 31-03-2025 | 31-03-2024 | |||||
Audited | Unaudited | Audited | Audited | Audited | |||||
A | Segment Revenue Property & Related Services | 73,103.18 | 76,587.73 | 67,344.16 | 2,94,946.90 | 2,50,513.20 | |||
Hospitality Services | 18,821.38 | 19,282.43 | 17,386.32 | 67,060.22 | 59,545.18 | ||||
Residential Business | 9,708.99 | 1,642.88 | 45,864.39 | 19,345.17 | 87,710.37 | ||||
TOTAL | 1,01,633.55 | 97,513.04 | 1,30,594.87 | 3,81,357.29 | 3,97,768.75 | ||||
B 1 | Segment Result Profit Before Tax & Interest Property & Related Services | 36,798.20 | 42,360.70 | 37,264.21 | 1,62,427.72 | 1,40,125.73 | |||
Hospitality Services | 4,866.99 | 5,302.13 | 3,112.55 | 14,107.82 | 12,332.79 | ||||
Residential Business | 5,276.61 | -507.14 | 14,723.26 | 6,930.32 | 38,202.66 | ||||
2 | Profit from operations before | 46,941.80 | 47,155.69 | 55,100.02 | 1,83,465.86 | 1,90,661.17 | |||
Other Income, Finance Costs and Exceptional items | |||||||||
3 | Other Income | 4,514.60 | 3,039.61 | 3,719.IN | 15,090.06 | 13,217.97 | |||
Profit before Finance Costs and exceptional items | 51,456.40 | 50,195.30 | 58,819.17 | 1,98,555.92 | 2,03,879.14 | ||||
Finance Costs | 9,412.17 | 10,288.39 | 9,954.81 | 40,321.29 | 39,586.82 | ||||
6 | Profit Before' Tax & Exceptional Items | 42,044.23 | 39,906.91 | 48,864.36 | 1,58,234.63 | 1,64,292.32 | |||
7 | Exceptional Item (net) (Refer note - 2 & 3) | (272.84) | 1,598.47 | 1,274.63 | |||||
8 | Profit Before Tax | 41,771.39 | 41,505.38 | 48,864.36 | 1,59,509.26 | 1,64,292.32 | |||
C | Segment Assets Property & Related Services | 17,91,276.11 | 16,47,075.33 | 15,39,784.58 | 17,91,276.11 | 15,39,784.58 | |||
Hospitality Services | 93,505.26 | 1,03,677.61 | 91,847.96 | 93,505.26 | 91,847.96 | ||||
Residential Business | 82,883.04 | 79,702.47 | 84,721.40 | 82,883.04 | 84,721.40 | ||||
Unallocated | 1,85,458.50 | 2,27,519.63 | 2,11,980.42 | 1,85,458.50 | 2,11,980.42 | ||||
Total Segment Assets | 21,53,122.91 | 20,57,975.04 | 19,28,334.36 | 21,53,122.91 | 19,28,334.36 | ||||
Segment Liabilities | |||||||||
Property & Related Services | 6,76,395.15 | 6,05,924.67 | 5,87,321.58 | 6,76,395.15 | 5,87,321.58 | ||||
Hospitality Services | 48,524.80 | 48,833.94 | 61,762.61 | 48,524.80 | 61,762.61 | ||||
Residential Business | 7,377.43 | 7,002.97 | 6,803.41 | 7,377.43 | 6,803.41 | ||||
Unallocated | 35,554.22 | 36,930.56 | 33,702.60 | 35,554.22 | 33,702.60 | ||||
Total Segment Liabilities | 7,67,851.60 | 6,98,692.14 | 6,89,590.20 | 7,67,851.60 | 6,89,590.20 | ||||
Note: The Group's primary segment is identified as business segment based on nature of products, risks, returns and the internal business reporting system as per Ind AS 108. The Group has three reportable segments as under: Reportable Segment Nature of operahons Property and related services rovi vrig ma o ce areas on cence basis an eve opment o commerce Hospitality services Operation of hotels and restaurants Residential Business Sale of residential properties Operating segment disclosures are consistent with the information provided to and reviewed by the chief operating decision maker. The measurement principles of segments are consistent with those used in Significant Accounting Policies with following additional policies for segment reporting. a) Revenue and Expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue/Income and Expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "Unallocable". nt Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Iriveslrrien ed assets and nd liabilities that cannot be allocated to a segment on reasonable basis have been disclosed a | |||||||||