Quarterly Result9 Apr 2025, 01:48 am
The Phoenix Mills Ltd Reports Q4 FY25 and FY25 Business Update: Retail Consumption Up 15% and 21%, Gross Leasing of 1.90 Lakh Sq. Ft., and Improved Hospitality RevPAR
AI Summary
The Phoenix Mills Ltd has released its operational business update for Q4 FY25 and FY25, highlighting various achievements in retail, commercial offices, hospitality, and residential sectors. Retail consumption across operational malls increased by 15% in Q4 FY25 and 21% in FY25. Gross leasing of approximately 1.90 lakh sq. ft. was completed during FY25 across operational assets in Mumbai and Pune. The St. Regis, Mumbai, and Courtyard by Marriott, Agra, showed improvements in RevPAR and occupancy rates. The residential sector reported gross residential sales of 'Rs. 77 cr and 'Rs. 212 cr in Q4 FY25 and FY25, respectively.
Key Highlights
- Retail consumption increased by 15% in Q4 FY25 and 21% in FY25
- Gross leasing of approximately 1.90 lakh sq. ft. completed during FY25
- The St. Regis, Mumbai, and Courtyard by Marriott, Agra, reported improved RevPAR and occupancy rates
- Q4 FY25 gross residential sales of 'Rs. 77 cr and FY25 sales of 'Rs. 212 cr
- Received Occupation Certificate (OC) for Phoenix Asia Towers, Bangalore, and Tower 3, of Millenium Towers, Pune