PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneOperatingExpenses02Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PHOENIXLTD 2020-04-01 2021-03-31 2021-02-04 INR Lakhs Third quarter Single segment Property and related services 2020-10-01 2020-12-31 Unaudited Standalone 805929000.00 2700498000.00 3506427000.00 0.00 0.00 0.00 42057000.00 133261000.00 102372000.00 302295000.00 579985000.00 2926442000.00 0.00 2926442000.00 83400000.00 15271000.00 98671000.00 0.00 2827771000.00 0.00 0.00 0.00 0.00 2827771000.00 3883000.00 2831654000.00 0.00 0.00 343555000.00 2 17.43 17.39 0.00 0.00 17.43 17.39 0.00 0.00 0.00 1.The above Financial Results of the Company for the quarter and nine months ended 31st December, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 12th February, 2021. n n2.The company has issued 93,865 Equity Shares under the ESOP scheme at an exercise price of Rs. 333.90/- per equity share (including premium of Rs. 331.90 per equity share), during the quarter ended 31st December, 2020. n n3.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. n n4.Other income for the current quarter includes profit on sale of Property Plant & Equipment (certain commercial units and certain parcels of undivided share in land) aggregating to Rs. 25,315.46 Lakhs to wholly owned subsidaries. n n5.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 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 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 nine months period ended 31st December, 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 31st December, 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 2020-12-31 Unaudited Standalone 1656576000.00 2839606000.00 4496182000.00 0.00 0.00 0.00 90485000.00 497153000.00 332840000.00 631276000.00 1551754000.00 2944428000.00 0.00 2944428000.00 84500000.00 17280000.00 101780000.00 0.00 2842648000.00 0.00 0.00 0.00 0.00 2842648000.00 6832000.00 2849480000.00 0.00 0.00 343555000.00 2 17.52 17.48 0.00 0.00 17.52 17.48 0.00 0.00 0.00 Electricity Expenses 62790000.00 Other Expenses 239505000.00 Electricity Expenses 116558000.00 Other Expenses 514718000.00