PARKHOTELS2024-10-012024-12-31 PARKHOTELS2024-10-012024-12-31 PARKHOTELS2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member PARKHOTELS2024-12-31 PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue02Member PARKHOTELS2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue02Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults02Member PARKHOTELS2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults02Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets02Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PARKHOTELS2024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PARKHOTELS2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member PARKHOTELS2024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544111 PARKHOTELS NOTLISTED Apeejay Surrendra Park Hotels Limited Equity 2024-04-01 2025-03-31 2025-02-08 2025-02-03 INR Crores Third quarter 15:45:00 19:00:00 2025-02-08 2025-02-08 Not applicable Multi segment 2024-10-01 2024-12-31 Unaudited Consolidated 1774900000.00 11000000.00 1785900000.00 231400000.00 0.00 -8000000.00 380800000.00 45000000.00 145500000.00 537400000.00 1332100000.00 453800000.00 0.00 453800000.00 80900000.00 51300000.00 132200000.00 0.00 321600000.00 0.00 0.00 0.00 0.00 321600000.00 -7500000.00 314100000.00 321600000.00 0.00 314100000.00 0.00 213400000.00 1 1.51 1.51 0.00 0.00 1.51 1.51 1. The Group’s unaudited consolidated financial results for the quarter and nine months ended December 31, 2024, have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 2. The above unaudited consolidated financial results of the Group for the quarter and nine months ended December 31, 2024, have been reviewed and recommended by the Audit and Risk Management Committee and approved by the Board of Directors in their respective meetings held on February 08, 2025. The Statutory auditors have expressed an unmodified conclusion on these unaudited consolidated financial results. 3. In previous year ended March 31, 2024, the Holding company completed its Initial Public Offer (IPO) of 5,93,85,351 equity shares of face value of Re. 1 each at an issue price of Rs. 155 per share (including a share premium of Rs. 154 per share) out of which 5,93,57,646 equity shares were issued and subscribed. A discount of Rs. 7 per share was offered to eligible employees bidding in the employee’s reservation portion of 6,75,675 equity shares out of which 62,208 equity shares were issued and subscribed. The issue comprised of a fresh issue of 3,87,12,486 equity shares aggregating to Rs. 600.00 crores and offer for sale of 2,06,45,160 equity shares by selling shareholders aggregating to Rs. 320.00 crores. Pursuant to the IPO, the equity shares of the Holding were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on February 12, 2024. 4. The total offer expenses are estimated to be Rs. 52.51 crores (inclusive of taxes). Out of the total estimated expenses Rs. 18.74 Crores (inclusive of taxes) is to be borne by selling shareholders. The breakup of IPO proceeds from fresh issue is summarized below: Amount Received from fresh Issue: 600.00 Crores Less: Offer Expenses in relation to the Fresh Issue (inclusive of taxes) : 33.77 Crores Total: 566.23 Crores The utilisation of IPO proceeds of Rs. 566.23 crores (net of provisional IPO expenses of Rs. 33.77 crores) is summarised below: Repayment or prepayment of principal portion of outstanding borrowings availed by Company: Amount to be utilised as per prospectus: 550.00 Utilisation up to 31 December 2024: 550.00 Unutilised up to 31 December 2024: 0 - General corporate purposes: Amount to be utilised as per prospectus: 16.23 Utilisation up to 31 December 2024: 10.42 Unutilised up to 31 December 2024: 5.81 - Total: Amount to be utilised as per prospectus: 566.23 Utilisation up to 31 December 2024: 560.42 Unutilised up to 31 December 2024: 5.81 *Out of the net proceeds of Rs. 5.81 crores which were unutilised as at December 31, 2024, Rs. 5.68 crores were temporarily invested in fixed deposit account with scheduled commercial banks and Rs. 0.13 crores are in monitoring agency bank account. Multi segment 2024-04-01 2024-12-31 Unaudited Consolidated 4541300000.00 190300000.00 4731600000.00 582400000.00 0.00 -8600000.00 1032700000.00 115500000.00 419900000.00 1500500000.00 3642400000.00 1089200000.00 0.00 1089200000.00 195600000.00 323400000.00 519000000.00 0.00 570200000.00 0.00 0.00 0.00 0.00 570200000.00 100000.00 570300000.00 570100000.00 100000.00 570200000.00 100000.00 213400000.00 1 2.67 2.67 0.00 0.00 2.67 2.67 Other Expenses 537400000.00 Other Expenses 1500500000.00 Hospitality 1772700000.00 Others 2200000.00 Hospitality 4534100000.00 Others 7200000.00 1774900000.00 4541300000.00 0.00 0.00 1774900000.00 4541300000.00 Hospitality 643900000.00 Others 400000.00 Hospitality 1622800000.00 Others 1800000.00 644300000.00 1624600000.00 45000000.00 115500000.00 145500000.00 4. In previous years, the Parent Company acquired certain parcel of lands of 3.36 acres at EM Bypass, Kolkata. This land parcel was classified as Investment Properties pending a final decision on the extent to which each such land parcel may be used for purposes other than the Group's hotel business. During the year ended March 31, 2024, the Group had executed a Joint Development Agreement ('JDA'), for development of serviced apartments (49% of land area) and hotel (51% of land area) at EM Bypass with Ambuja Housing and Urban Infrastructure Company Limited (“Developer”). Till March 31, 2024, this was still classified as investment properties pending active development in accordance with Ind AS 40 “Investment properties”. Management had recognised deferred tax asset (‘DTA’) of Rs. 19.33 crores arising from difference between book values of the portions of land parcels that relate to serviced apartment and their corresponding indexed costs for tax purposes. During the quarter ended June 30, 2024, the Parent Company initiated architectural designs and other approvals required to be taken for the purpose of construction of serviced apartments/ hotel, which indicates that active development began on the EM Bypass property as per Ind AS 40. Accordingly, the proportionate land parcel and ancillary cost of Rs. 92.10 crores relating to hotel was transferred from investment properties to Right-of-use-assets- Land and Rs. 88.50 crores relating to serviced apartments to Inventories. Further, construction cost of Rs. 5.85 crores relating to serviced apartments was transferred from Capital work-in-progress to Inventories. Consequent to such transfer, deferred tax charge of Rs. 19.33 crores was recognised in the statement of profit and loss during the quarter ended June 30, 2024. 5.During the previous year ended March 31, 2024, Cyclone Michaung resulted in widespread flooding in the state of Tamil Nadu, causing disruption in our hotel operations at ‘THE Park, Chennai’. It also resulted in damage to certain critical engineering equipment at the hotel. The Group had filed for an insurance claim for both loss due to business interruption and restoration of damaged equipment. During the previous quarter, the Group had received insurance claim of Rs. 8.75 crores towards loss of profit (due to business interruption) and Rs. 2.75 crores towards restoration of damaged equipment. Accordingly, the Group had recognized the said income in the quarter ended September 30, 2024. 6. The Parent Company had formulated an employee stock option scheme namely the Apeejay Surrendra Park Hotels Limited – Employees Stock Option Plan 2023 (“ESOP Scheme”) pursuant to resolutions passed by the Board and the Shareholders on August 16, 2023, respectively, with a maximum options pool of 34,00,000 options. The parent company granted 20,30,000 options to eligible employees. Vesting of the share options is dependent on the completion of a minimum period of employment with the parent and/ or fulfilment of performance conditions as may be specified in this regard. The granted options shall vest over a period of 1-3 years subject to completion of minimum no. of years of service as specified under the respective options and shall be exercisable within 1-3 years from the date of respective vesting. Pursuant to the above, the parent has recognized an expense of Rs. 0.77 crore, Rs. 0.99 crore, Rs. 1.23 crores , Rs. 2.88 crores and Rs. 1.83 crores during the quarter ended December 31, 2024, September 30, 2024, December 31, 2023 and nine months ended December 31, 2024 , December 31, 2023 respectively. 419900000.00 453800000.00 1089200000.00 Hospitality 15488200000.00 Others 16800000.00 15505000000.00 730700000.00 16235700000.00 Hospitality 2339800000.00 Others 11800000.00 2351600000.00 1308100000.00 3659700000.00 -5600000.00 200000.00 1900000.00 100000.00 0.00 0.00