5031002022-04-012022-06-305031002022-06-305031002022-04-012022-06-30in-bse-fin:OtherExpenses1Member5031002022-04-012022-06-30in-bse-fin:OtherExpenses2Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments1Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments2Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments1Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments2Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments1Member5031002022-06-30in-bse-fin:ReportableSegments1Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments2Member5031002022-06-30in-bse-fin:ReportableSegments2Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments1Member5031002022-06-30in-bse-fin:ReportableSegments1Member5031002022-04-012022-06-30in-bse-fin:ReportableSegments2Member5031002022-06-30in-bse-fin:ReportableSegments2Member5031002022-04-012022-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares503100PHOENIXLTDNOTLISTEDINE211B01039THE PHOENIX MILLS LIMITEDEquity2022-04-012023-03-312022-08-112022-08-04INRLakhsFirst quarterMulti segment2022-08-1116:00:002022-08-1119:10:00Not applicable2022-04-012022-06-30UnauditedConsolidated57438660002345740005978440000408344000-159584000050015300074055800049981200017659610003755244000222319600055675570007790753000401610000-6095200034065800007450095000000734870007523582000-78267000744531500071869960003365860007108483000336832000357091000240.2640.230040.2640.231. The above Financial Results of the Group for the quarter ended 30th June, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 11th August, 2022. <BR> <BR> 2. During the quarter ended 30th June, 2022 the company has issued 25,500 equity shares under ESOP scheme 2007 and 600 equity shares under ESOP scheme 2018 at an exercise price of Rs. 333.90/- and 726.39/- per equity share respectively. <BR> <BR> 3. The Scheme or Amalgamation ("Scheme") under section 230 to 232 of the Companies Act, 2013 for merger of the company's Subsidiary, Phoenix Hospitality Company Private Limited ("PHCPL"), with the Company, from the Appointed Date of 1st April 2019, has been approved by the Hon'ble National Company Law Tribunal ("NCLT") vide their Order dated 21st December, 2021, which has become effective on 11th January, 2022. The effect of the said merger had, accordingly, been accounted for in the quarter ended 31st December 2021. <BR> <BR> The shares to be Issued to the shareholders of the transferor company pursuant to the said Scheme were shown under Equity share suspense account for the quarter ended 30th June 2021 and accordingly were considered while calculating earnings per share (EPS) for that quarter as per Indian Accounting Standard (Ind AS 33 "Earning per Share"). The said shares were allotted during the quarter ended 31st March 2022. <BR> <BR> The figures of the previous periods have been adjusted to give the effect of the Scheme from its appointed date i.e. from 1st April, 2019. <BR> <BR> 4. Based on the results & the financial information regularly reviewed by chief operating decision maker for making decisions about the resource allocation & performance assessment, the group has on consolidated basis identified two reportable segments viz Property & related services and Hospitality services as per Ind As 108. The Segment information is as per Annexure "A". <BR> <BR> 5. On 31st March 2022, The Phoenix Mills Limited (‘the Company') was holding 50% equity stake in Classic Mall Development Company Limited (CMDCL) and the balance 50% of equity stake were held by Crest Ventures Limited (46.35%) and Escort Developers Private Limited (3.65%). On 5th May, 2022 the Company has acquired balance 50% equity stake in CMDCL from Crest Ventures Limited (46.35%) and Escort Developers Private Limited (3.65%). Accordingly, from the said date CMDCL has become wholly owned subsidiary of the Company. <BR> <BR> As per the requirement of IND AS 103, the Company has remeasured its previously held equity stake in Associate at fair value on 5th May, 2022 resulting into net gain of Rs. 55,675.57 lakhs (net of share in profits already recognised earlier) which is disclosed as exceptional item. <BR> <BR> 6. The figures for the quarter ended 31st March, 2022 are the balancing figures between the audited figures in respect of full financial year ended 31st March, 2022 and unaudited published year to date figures upto the nine months of the relevant financial year which were subject to limited review by the Statutory Auditors. <BR> <BR> 7. Previous reporting period figures have been regrouped & rearranged wherever necessary to make them comparable with current period.Electricity Expenses299928000Other Expenses1466033000Property & Related Services4784516000Hospitality Services95935000057438660005743866000Property & Related Services2582144000Hospitality Services1470360002729180000740558000-58021310007790753000Property & Related Services131278479000Hospitality Services997798100014125646000020310152000161566612000Property & Related Services48685825000Hospitality Services844648000057132305000287040500060002710000Other Unallocable Expenditure net off Unallocable income consist of following: <BR> 1) Exceptional Items - Rs. 55675.57 (Refer note 5 of Unaudited Consolidated Financial Results) <BR> 2) Other Income - Rs. 2345.74 <BR> Amount of items that will not be reclassified to profit and loss-78366000-78366000-990000