Phoenix Mills Rallies 6% After Board Clears CPP Stake Buyout in ISMDPL

Mumbai, July 25, 2025 – Shares of The Phoenix Mills Ltd (NSE: PHOENIXLTD) surged 6.08% to ₹1,536 at 1:23 PM on Friday after the company posted strong Q1FY26 results and announced a strategic move to acquire complete control of Island Star Mall Developers Pvt Ltd (ISMDPL).

Stock Movement Snapshot (as of 1:23 PM IST)

Phoenix Mills Limited shares have gained 6.08% trading at ₹1,536 on July 25, 2025. Phoenix Mills Limited shares have declined 12% over the last year, down 3.3% year-to-date, and 5.13% in the previous month.

Phoenix Mills stock opened at ₹1,449.00 and touched a high of ₹1,545.30 during the session. The day’s low was also ₹1,449.00. The company’s market cap stands at ₹54,920 crore. The stock’s 52-week high is ₹1,968.00, while the 52-week low is ₹1,338.05.

Key Trigger: CPP Exit from ISMDPL

On July 24, Phoenix Mills’ Board of Directors approved a Framework Agreement enabling Canada Pension Plan Investment Board (CPP Investments) to exit its 49 percent stake in ISMDPL, a material subsidiary. Post-transaction, Phoenix Mills will hold 100% ownership in ISMDPL, thereby consolidating its position across premium mall assets.

• Transaction Type: Material Related Party
• Subject to: Shareholder and regulatory approvals
• Strategic Outcome: Full control of ISMDPL and complete consolidation of financials

Financial Results Boost Sentiment

The stock rally also follows robust Q1FY26 earnings:

• Consolidated Net Profit: ₹320.86 crore
• Revenue from Operations: ₹952.99 crore
• EBITDA Margin: Over 50%
• Segment Revenue: ₹764 crore from property and related services, ₹155 crore from hospitality

The results reaffirm the company’s strong positioning in India’s organized retail real estate sector.

About Phoenix Mills

The Phoenix Mills Limited, listed since April 2007, is India’s leading retail-led mixed-use developer. It operates marquee malls and commercial spaces across major metros and is part of the NIFTY Midcap 50 index. The company has over 45 subsidiaries and operates in the Residential and Commercial Projects segment.

REF: https://nsearchives.nseindia.com/corporate/PHOENIXLTD5_24072025213629_PMLOutcomeofBM24072025_-_all_items_sd.pdf

https://www.nseindia.com/get-quotes/equity?symbol=PHOENIXLTD

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations