Phoenix Overseas Limited — Results, 15-05-2025: Integrated Filing- Financial

Phoenix Overseas has announced a board meeting on 15th May 2025 to approve the financial results for the quarter and half-year.

Consolidated revenue stood at ₹489.26 Cr, down from ₹539.15 Cr YoY, largely driven by the Merchant Exports segment which contributed ₹487.34 Cr, showing a decline from ₹542.99 Cr. Fashion Accessories and Cold Storage segments remained small and under pressure.

Net profit was stable at ₹5.49 Cr versus ₹5.50 Cr last year, with EPS at ₹2.78 (diluted). Profit before tax slightly improved to ₹7.39 Cr from ₹7.21 Cr. Margins are under pressure due to subdued segmental performances and elevated financing costs.

Expenses modestly decreased to ₹482.87 Cr from ₹541.95 Cr, with slight rises in employee and other operating costs offset by moderation in raw material and stock purchases. Finance costs declined to ₹3.99 Cr from ₹5.10 Cr, helping margin stability.

Merchant Exports posted an operating profit of ₹11.99 Cr versus ₹12.97 Cr previously. Fashion Accessories and Cold Storage segments recorded losses, with Fashion Accessories’ loss widening to ₹0.48 Cr. Consolidated EBITDA margins remain tight but steady.

Shareholders’ funds improved to ₹78.93 Cr from ₹50.12 Cr. Long-term debt remained stable around ₹3.42 Cr while short-term borrowings edged up to ₹39.57 Cr. Cash balance rose to ₹13.11 Cr from ₹8.59 Cr, funded partly by the recent IPO proceeds. Operating cash flow was negative at ₹-22.47 Cr, signaling working capital stress.

The recent IPO raised around ₹36 Cr (gross), with ₹29.31 Cr fresh funds targeted at working capital and inorganic growth. Management aims to expand Merchant Exports and maintain cost control amid challenges in other segments.

Phoenix Overseas maintains steady core export profitability with improved financial flexibility post-IPO. Retail investors should monitor segmental revival, especially in accessories and cold storage, for potential upside.