PHOENIXLTD2020-07-012020-09-30in-bse-fin:OneOperatingExpenses01Member PHOENIXLTD2020-07-012020-09-30in-bse-fin:OneOperatingExpenses02Member PHOENIXLTD2020-07-012020-09-30in-bse-fin:FourOperatingExpenses01Member PHOENIXLTD2020-07-012020-09-30in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PHOENIXLTD 2020-04-01 2021-03-31 2020-11-04 INR Lakhs Half yearly true Cash Flow Indirect Single segment Property and related services 2020-07-01 2020-09-30 Unaudited Standalone 448998000.00 90522000.00 539520000.00 0.00 0.00 0.00 26403000.00 170066000.00 115371000.00 218154000.00 529994000.00 9526000.00 0.00 9526000.00 -1000000.00 3381000.00 2381000.00 0.00 7145000.00 0.00 0.00 0.00 0.00 7145000.00 1805000.00 8950000.00 0.00 0.00 343367000.00 2 0.04 0.04 0.00 0.00 0.04 0.04 0.00 0.00 0.00 1. The above Financial Results of the Company for the quarter ended 30th September, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 12th November, 2020. n n2. During the quarter ended 30th September, 2020, the Company has allotted 1,81,81,818 equity shares at an issue Price of Rs. 605 per equity share (including premium of Rs. 603 per equity share) to certain institutional/ Private equity investors, mutual funds, etc through Qualified Institutional Placement aggregating to Rs. 1,10,000 Lakhs. n n3. The company has issued 36,643 Equity Shares under the ESOP scheme - 31,668 Equity shares at an exercise price of Rs. 316.80/- per equity share (including premium of Rs. 314.80 per equity share) & 4,975 Equity shares at an exercise price of Rs. 333.90/- per equity share (including premium of Rs. 331.90 per equity share), during the quarter ended 30th September, 2020. n n4. The Board of Directors approved the Scheme of Amalgamation (“Scheme”) under section 230 to 232 of the Companies Act, 2013 for merger of Phoenix Hospitality Company Private Limited (“PHCPL”), a subsidiary company with the Company from the Appointed Date 1st April, 2019. The effect of the merger would be accounted for after the Scheme is approved by National Company Law Tribunal ( NCLT ) and other authorities. The Company has received a No-objection Certificate from both the stock exchanges, pursuant to which it has filed the merger application with the NCLT. NCLT's direction for holding the shareholders meeting is awaited. n n5. The Company's operations have been impacted by the Covid 19 pandemic induced lockdowns announced by the Government. The Company’s operations, which were suspended during the lockdown period, have gradually resumed with the requisite precautions. In preparation of these results, the Company has taken into account internal and external sources of information to assess possible impacts of the pandemic, including but not limited to assessment of liquidity and going concern, recoverable values of its financial and non-financial assets. n nFor recognition of revenues from mall operations, management has considered certain concessions/relief/moratorium on rentals extended to its retailers/licensees for the period of lockdown as well as some further period considering the extended impact of the pandemic. Such concessions are determined based on discussions concluded with retailers/licensees on case to case basis. Where discussions have not commenced or are ongoing, the revenue is accrued considering the management estimate of most likely agreeable amounts of concession based on its ongoing discussions and the relationship with the retailers / licensee. n nBased on the current estimates, the management expects to recover the carrying amounts of the assets including the revenue recognized during the six months period ended 30th September, 2020. Considering the evolving nature of the pandemic, its actual impact in future could be different from that estimated as at the date of approval of these financial results. The Company will continue to closely monitor uncertainties arising of material changes to the future economic conditions. n n6. Considering the impact of concessions given in lease rentals and other recoveries during the quarter ended 30th September, 2020, the above results and performance for the quarter is not representative of revenue and performance for the entire year. n n7. The Company is predominantly engaged in the business of property and related services, whose results are reviewed regularly by chief operating decision maker for making decisions about resource allocation and performance assessment. As such, there are no separate reporting segments as per Ind-AS108. n n8. The figures for the corresponding previous periods have been restated/regrouped, wherever necessary, to make them comparable with the current periods. Single segment 2020-04-01 2020-09-30 Unaudited Standalone 850647000.00 139108000.00 989755000.00 0.00 0.00 0.00 48428000.00 363892000.00 230468000.00 328981000.00 971769000.00 17986000.00 0.00 17986000.00 1100000.00 2009000.00 3109000.00 0.00 14877000.00 0.00 0.00 0.00 0.00 14877000.00 2949000.00 17826000.00 0.00 0.00 343367000.00 2 0.09 0.09 0.00 0.00 0.09 0.09 0.00 0.00 0.00 Electricity Expenses 37880000.00 Other Expenses 180274000.00 Electricity Expenses 53768000.00 Other Expenses 275213000.00 363892000.00 0.00 -263019000.00 0.00 0.00 0.00 0.00 0.00 0.00 343357000.00 0.00 0.00 0.00 230468000.00 0.00 18380000.00 0.00 0.00 0.00 0.00 3000.00 119529000.00 1630000.00 -2396000.00 0.00 -17327000.00 0.00 0.00 220000.00 555673000.00 573659000.00 0.00 0.00 0.00 34908000.00 0.00 538751000.00 0.00 0.00 0.00 0.00 -450000000.00 0.00 0.00 0.00 0.00 47587000.00 2158118000.00 10099465000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -949996000.00 0.00 0.00 3000.00 23827000.00 0.00 0.00 0.00 -9365100000.00 0.00 0.00 10868627000.00 0.00 0.00 0.00 0.00 0.00 0.00 1902066000.00 0.00 0.00 0.00 117545000.00 0.00 -918000.00 8848098000.00 21749000.00 0.00 21749000.00 38300000.00 60049000.00