DEVYANI2024-04-012024-06-30 DEVYANI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member DEVYANI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member DEVYANI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses03Member DEVYANI2024-06-30 DEVYANI2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DEVYANI2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543330 DEVYANI NOTLISTED Devyani International Limited Equity 2024-04-01 2025-03-31 2024-08-05 2024-07-12 INR Millions First quarter 11:00:00 11:40:00 2024-08-05 2024-08-05 Not applicable Single segment Food and Beverages 2024-04-01 2024-06-30 Unaudited Consolidated 12219010000.00 99130000.00 12318140000.00 3758790000.00 10380000.00 0.00 1682080000.00 629880000.00 1322170000.00 4609580000.00 12012880000.00 305260000.00 0.00 305260000.00 135740000.00 -54780000.00 80960000.00 0.00 224300000.00 0.00 0.00 0.00 0.00 224300000.00 69590000.00 293890000.00 301060000.00 -76760000.00 299510000.00 -5620000.00 1206100000.00 1 0.25 0.25 0.00 0.00 0.25 0.25 Notes to consolidated and standalone financial results for the quarter ended 30 June 2024 (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 ended 30 June 2024 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 05 August 2024. The joint statutory auditors have conducted limited review of the financial results. 2 The figures for the quarter ended 31 March 2024 are the balancing figures between the audited figures for the full financial year and the unaudited figures for the nine months ended 31 December 2023, which were subjected to a limited review by the joint statutory auditors. 3 These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') 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. 4 During the current and previous quarter, 197,500 Employee Stock Options (“options”) and 187,500 options respectively were exercised by the employees under the ‘Employee Stock Option Scheme 2021’of the Company, against which, 237,500 and 147,500 equity shares of INR 1/- each were allotted during the current quarter and subsequent to the current quarter respectively. 5 The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. 6 During the previous quarter, the Company and Camas, an affiliate of Temasek, invested AED 150.47 million (~ INR 3,407.85) and AED 145.53 million (~ INR 3,295.96) respectively, in Devyani International DMCC, Dubai (‘DID’) under the Investment Agreement dated 18 December 2023 in ratio of 51:49. On 17 January 2024 (acquisition date), DID acquired Restaurants Development Co. Ltd. (“RD”), operating chain of 283 KFC restaurants in Thailand, by way of acquiring controlling interest in RD and its related entities for the consideration of THB 4,681.99 million (~ INR 10,913.28 million) including payment of erstwhile shareholder’s loan, pursuant to the Share Purchase Agreement dated 18 December 2023. The said acquisition is being accounted using the acquisition method as per Ind AS 103 “Business Combinations’ based on provisional fair values of assets and liabilities acquired as determined by the management, resulting into a provisional goodwill of INR 3,782.43 millions on the acquisition date. The management of the Company is in process of finalising the purchase price allocation. 7 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 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, the reported numbers for the quarter ended 30 June 2023 had been restated. (Reversal)/provision of impairment of non-financial assets -480000.00 Foreign exchange loss (net) 76040000.00 Other expenses 4534020000.00 Remeasurements of defined benefit plans -3550000.00 -3550000.00 -740000.00 Exchange differences on translation of foreign operations 72400000.00 72400000.00 0.00