DEVYANI2023-10-012023-12-31 DEVYANI2023-10-012023-12-31 DEVYANI2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member DEVYANI2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member DEVYANI2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member DEVYANI2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member DEVYANI2023-12-31 DEVYANI2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DEVYANI2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member DEVYANI2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DEVYANI2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member DEVYANI2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member DEVYANI2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543330 DEVYANI NOTLISTED Devyani International Limited Equity 2023-04-01 2024-03-31 2024-02-02 2024-01-24 INR Millions Third quarter 11:00:00 11:40:00 2024-02-02 2024-02-02 Not applicable Single segment Food and Beverages 2023-10-01 2023-12-31 Unaudited Consolidated 8431340000.00 46090000.00 8477430000.00 2458750000.00 19030000.00 0.00 1176280000.00 482360000.00 929790000.00 3314380000.00 8380590000.00 96840000.00 0.00 96840000.00 63860000.00 -17720000.00 46140000.00 0.00 50700000.00 0.00 0.00 0.00 0.00 50700000.00 92720000.00 143420000.00 96180000.00 -45480000.00 159590000.00 -16170000.00 1205860000.00 1 0.08 0.08 0.00 0.00 0.08 0.08 Notes to standalone and consolidated financial results for the quarter and nine months period ended 31 December 2023 (INR in million, except for share data and if otherwise stated) 1.In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these standalone and consolidated financial results ( financial results ) for the quarter and nine months period ended 31 December 2023 have been reviewed and recommended for approval by the Audit, Risk Management and Ethics Committee and accordingly have been approved by the Board of Directors of Devyani International Limited ( DIL or the Company ) at their respective meetings held on 2 February 2024. The joint statutory auditors have conducted limited review of the financial results. 2.These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS-34') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013 (read with SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016) and other recognised accounting practices and policies. 3.The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. 4 a) The Board of Directors of the Company (“Board”) at its meeting held on 13 December 2021, had approved the amalgamation of Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited (erstwhile wholly-owned subsidiary companies) with the Company. The Hon'ble National Company Law Tribunal had approved the scheme vide Order dated 13 July 2023 with appointed date as 01 April 2022. The Scheme became effective upon filing of the certified true copy of the Order with the Registrar of Companies, NCT of Delhi & Haryana, on 18 August 2023. Accordingly, the Company has accounted for the above scheme using the pooling of interest method in accordance with Appendix C of Ind AS 103, Business Combinations of Entities under Common Control, and consequently, comparatives of standalone financial results have been restated from the beginning of the previous year, being 01 April 2022. b) Consequent to this merger being effective, the Company has availed certain income tax benefits for the previous year amounting to INR 106.42 and has recognised deferred tax assets on temporary differences available with the transferor companies (wholly owned subsidiaries) amounting to INR 131.29 during the previous quarter ended 30 September 2023. 5.Subsequent to the quarter ended December 31, 2023, the Company and Camas Investments Pte. Ltd. (‘Camas’), an affiliate of Temasek Holdings (Private) Limited, have invested AED 150.47 million (~ INR 3,404.63) and AED 145.53 million (~ INR 3,292.76) respectively, in Devyani International DMCC, Dubai (‘DID’) under the Investment Agreement dated 18 December 2023. Pursuant to the said investments, the Company and Camas hold shareholding in DID in the ratio of 51:49. Further, on 17 January 2024, DID has acquired Restaurants Development Co. Ltd. (“RD”), operating KFC restaurants in Thailand, by way of acquiring equity interest in RD and its holding companies for the consideration of THB 4,011.09 million (~ INR 9,433.52) including repayment of erstwhile shareholder’s loan, pursuant to the Share Purchase Agreement dated 18 December 2023. Single segment 2023-04-01 2023-12-31 Unaudited Consolidated 25092390000.00 180100000.00 25272490000.00 7290860000.00 48390000.00 0.00 3403660000.00 1302650000.00 2589180000.00 9607920000.00 24242660000.00 1029830000.00 -613210000.00 416620000.00 237590000.00 -213950000.00 23640000.00 0.00 392980000.00 0.00 0.00 0.00 0.00 392980000.00 256810000.00 649790000.00 547280000.00 -154300000.00 730520000.00 -80730000.00 1205860000.00 1 0.45 0.45 0.00 0.00 0.45 0.45 Other expenses 3314380000.00 Provision/(reversal) of impairment of non-financial assets 0.00 Other expenses 9564660000.00 Provision/(reversal) of impairment of non-financial assets 43260000.00 Remeasurements of defined benefit plans -4920000.00 Income-tax relating to above mentioned item 1910000.00 Remeasurements of defined benefit plans -8760000.00 Income-tax relating to above mentioned item 2010000.00 -3010000.00 -6750000.00 0.00 0.00 Exchange differences on translation of foreign operations 95730000.00 Exchange differences on translation of foreign operations 263560000.00 95730000.00 263560000.00 0.00 0.00