TRENT2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member TRENT2020-04-012020-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares TRENT 2020-04-01 2021-03-31 2020-08-05 INR Lakhs First quarter Single segment Retail 2020-04-01 2020-06-30 Unaudited Standalone 963283000.00 528787000.00 1492070000.00 0.00 188748000.00 646573000.00 608347000.00 574206000.00 585401000.00 710889000.00 3314164000.00 -1822094000.00 0.00 -1822094000.00 0.00 -427500000.00 -427500000.00 0.00 -1394594000.00 0.00 0.00 0.00 0.00 -1394594000.00 3521000.00 -1391073000.00 0.00 0.00 355487000.00 1 -3.92 -3.92 0.00 0.00 -3.92 -3.92 1.tThe above unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June'2020 were reviewed by the Audit Committee and thereafter taken on record by the Board of Directors of the Company at its meeting held on 13th August , 2020. n n2.tThe main business of the Company and its group entities is retailing / trading of merchandise. All other activities of the Company and the group are incidental to the main business. Accordingly, there are no separate reportable segments. n n3.tThe Company’s financial results for the current quarter was severely impacted by the Covid 19 related developments. Following the nationwide lockdown announced by the Government of India on 24th March 2020, the operations of the Company were severely disrupted resulting in significant loss of revenue as retail operations were closed. Given the unprecedented circumstances, the results for the current quarter are not comparable with that of the corresponding quarter of the previous year. n nGiven the terms of our lease/ license agreements for our stores and the discussions with our property counterparties, we have recognised in the standalone profit and loss statement (as part of other income as required by applicable accounting standards) for the quarter ended 30th June 2020 an amount aggregating to Rs. 3589.65 Lakhs relating to reduction of rent & other charges for the period of store closures on account of the Covid 19 pandemic. n nThe Company has recognised an amount of Rs. 4275 Lakhs as deferred tax assets (including in respect of losses of the current quarter) in the standalone financial statements for the quarter ended on 30th June 2020 consistent with applicable accounting standards. nGradually from May 2020, the operations recommenced as permitted by local regulations and over 90% of our stores have since reopened. Selectively at the local level, certain restrictions continue to apply and consequently impact trading performance. The Company has performed a detailed analysis and expects no challenges with respect to recoverability of its assets as of date. Given the ongoing playout of the Covid 19 related developments, we continue to evaluate the possible effects on the financial results of the Company. The actual impact of the pandemic may be different from that considered in our assessments. n4.tDuring the quarter, the National Company Law Tribunal (NCLT), vide its order dated 23rd April, 2020 has approved the scheme of merger of Fiora Services Ltd with Fiora Business Support Services Ltd (subsidiaries of the Company). The scheme has become effective with appointed date i.e. 1st April, 2018. As required by applicable accounting standard the consolidated financial results of previous quarters and year have been restated. n n5.tDuring the financial year 2019-20 the Company had allotted 2,31,70,731 equity shares of Rs. 1/- each at a price of Rs. 410/- per equity share amounting to Rs. 9,49,99,99,710 on a preferential basis to Tata Sons Private Limited, Promoter of the Company. The Company has utilised amount of Rs. 82744.10 Lakhs towards the objects of the issue and balance unutilised amount of Rs. 12255.90 Lakhs as on 30th June 2020 has been invested mainly in mutual funds. n n6.t The exceptional item in the standalone financial results of the quarter & year ended on 31st March 2020 relates to impairment of investments in Trent Global Holdings Limited (a wholly owned subsidiary of the Company). n n7.tThe results of the quarter ended 31st March 2020 are the balancing figure between audited results in respect of full financial year and published year to date results up to third quarter of relevant financial year which were subjected to limited review by the statutory auditor of the Company. n n8.tThe statutory auditor of the company have carried out limited review of the financial results and have issued an unmodified opinion. Other expenses 710889000.00