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The above results have been prepared in accordance with the recognition and measurement requirements of Ind AS 34 notified under Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. During the period the Group has undertaken the following acquisitions: Sr No. Name of legal entity Acquisition date % of stake acquired Remarks 1 EON Hinjewadi Infrastructure Private Limited ( EHIPL ) August 08, 2024 100% EHIPL operates an office park and Courtyard Marriott in Hinjewadi, Pune 2 UrbanEdge Hotels Private Limited ( UHPL ) August 12, 2024 98.69% UHPL operates Aloft in Whitefield, Bengaluru 3 KBJ Hotel and Restaurants Private Limited ( KHRPL ) August 12, 2024 100% KHRPL is in process of construction of hotel in Varanasi 4 Panchshil Corporate Park Private Limited ( PCPPL ) August 12, 2024 50.001% PCPPL operates an office park and Ritz Carlton in Yerwada, Pune 5 Restocraft Hospitality Private Limited (“RHPL”) April 18, 2024 100% RHPL has acquired 100% equity in SS&L and 100% equity in MPHPL on August 12, 2024 6 SS & L Beach Private Limited ( SS&L ) August 12, 2024 100% SS&L operates Anantara, Maldives 7 Maldives Property Holdings Private Limited ( MPHPL ) August 12, 2024 100% MPHPL operates Conrad Rangali Island, Maldives 8 Wellcraft Infraprojects Private Limited ( WIPL ) August 31, 2024 100% WIPL has acquired hotel business of Panchshil Hotels Private Limited ( PHPL ) on August 31, 2024 which consists of Double Tree By Hilton in Chinchwad, Pune 9 Hotel Business of Panchshil Infrastructure Holdings Private Limited acquired by the Company ( Hotel Business of PIHPL ) August 12, 2024 100% The hotel business acquired consists of Marriott Suites in Mundhawa, Pune and Oakwood Residences in Naylor Road, Pune 10 Novo Themes Properties Private Limited ( NTPPL ) August 07, 2024 100% NTPPL on August 12, 2024 has acquired hotel business of Cessna Garden Developers Private Limited ( CGDPL ) which operates Aloft in Outer Ring Road, Bengaluru Further, on August 12, 2024, the Company acquired 50.28% equity in Kudakurathu Island Resort Private Limited (“KIRPL”) which has become a joint venture of the Company from that date. KIRPL operates Raaya by Atmosphere resort in Maldives. The Group’s interest in KIRPL is accounted for using the equity method in accordance with Ind AS 28 - Investments in Associates and Joint Ventures. Since these acquisitions have taken place during the period, the results for the quarter and nine month period ended December 31, 2024 are not comparable with comparative periods. Multi segment 2024-04-01 2024-12-31 Unaudited Consolidated 9067680000.00 485210000.00 9552890000.00 754600000.00 0.00 0.00 1340350000.00 1820390000.00 1530680000.00 2880090000.00 8326110000.00 1226780000.00 -61090000.00 1165690000.00 675470000.00 191160000.00 866630000.00 0.00 299060000.00 0.00 0.00 0.00 -159550000.00 139510000.00 340120000.00 479630000.00 -75820000.00 215330000.00 264180000.00 215450000.00 233542000.00 1 -0.48 -0.48 0.00 0.00 -0.48 -0.48 Cost of Construction material sold 140000.00 Other expenses 1601580000.00 Cost of Construction material sold 270000.00 Other expenses 2879820000.00 Commercial leasing 1137310000.00 Hospitality 4200470000.00 Inter-segment elimination -23460000.00 Others 25580000.00 Commercial leasing 2669060000.00 Hospitality 6388180000.00 Inter-segment elimination -131690000.00 Others 142130000.00 5339900000.00 9067680000.00 5339900000.00 9067680000.00 Commercial leasing 749490000.00 Hospitality 801660000.00 Inter-segment elimination 0.00 Others 12370000.00 Commercial leasing 1906160000.00 Hospitality 651530000.00 Inter-segment elimination 0.00 Others 94670000.00 1563520000.00 2652360000.00 989270000.00 1820390000.00 -160200000.00 The Group is organised into business units based on its products and services and has three reportable segments, as follows: (i) Hospitality - Hospitality includes revenue from hotel operations which comprises of revenue from sale of room, food and beverages and allied services related to hotel operation (including investment in joint venture). (ii) Commercial leasing - Commercial leasing includes revenue from leasing operations comprising of lease rentals from the properties given under lease (office spaces and mall). (iii) Others - Others mainly pertains to revenue from windmill which is recognised on credit provided for transmission of electricity based on the data provided by the Maharashtra State Electricity Distribution Company Limited in electricity bills. -174170000.00 734450000.00 1006140000.00 Commercial leasing 21722010000.00 Hospitality 63636640000.00 Inter-segment elimination 0.00 Others 56230000.00 85414880000.00 19478550000.00 104893430000.00 Commercial leasing 3207930000.00 Hospitality 5939460000.00 Inter-segment elimination 0.00 Others 230000.00 9147620000.00 41649860000.00 50797480000.00 Re-measurement gains on defined benefits plans (net of tax) 1760000.00 Re-measurement gains on defined benefits plans (net of tax) 3800000.00 1760000.00 3800000.00 0.00 0.00 Excange differences on translating the financial statements of foreign operations 388440000.00 Excange differences on translating the financial statements of foreign operations 336320000.00 388440000.00 336320000.00 0.00 0.00