Phoenix Overseas Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Phoenix Overseas Limited has announced a board meeting on the approval of consolidated financial results for the quarter and half-year ended March 31, 2025. Revenue rose to Rs. 489.3 Cr, supported mainly by the Merchant Exports segment. Profit before tax increased slightly to Rs. 7.39 Cr. The company successfully raised Rs. 29.31 Cr through an IPO, using Rs. 15.09 Cr so far for working capital and growth. Cash reserves improved to Rs. 13.11 Cr. While Merchant Exports drives earnings, Fashion Accessories and Cold Storage continue to report losses.