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 PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue02Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue02Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults02Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults02Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets02Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PHOENIXLTD2020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member PHOENIXLTD2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member PHOENIXLTD2020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PHOENIXLTD 2020-04-01 2021-03-31 2021-02-04 INR Lakhs Third quarter Multi segment 2020-10-01 2020-12-31 Unaudited Consolidated 3378362000.00 151165000.00 3529527000.00 110526000.00 0.00 164709000.00 374270000.00 856971000.00 530610000.00 1140722000.00 3177808000.00 351719000.00 0.00 351719000.00 350503000.00 -599999000.00 -249496000.00 0.00 601215000.00 0.00 0.00 0.00 60916000.00 662131000.00 125449000.00 787580000.00 654236000.00 7895000.00 779685000.00 7895000.00 343555000.00 2 4.18 4.17 0.00 0.00 4.18 4.17 1. The above Financial Results of the Group have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting 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. 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. n n5. The Group's operations have been impacted by the Covid 19 pandemic induced lockdowns announced by the Government. The Group’s operations, which were suspended during the lockdown period, have gradually resumed with requisite precautions. In preparation of these results, the Group 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, the 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 nThe Operations at the residential development project have witnessed limited impact of lockdown. The project continues to see significant buying interest as evidenced from site visits from customers and channel partners. n nThe Group’s hotel operations have resumed during the second quarter in a phased manner and the demand for its services is expected to pick up albeit at a slower pace. n nBased on current estimates, the management expects to recover the carrying amounts of the assets including the revenue recognized during the nine months period. 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 Group 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 Decemeber, 2020, the above results and performance for the quarter is not representative of revenue and performance for the entire year. n n7. MAT credit balances of certain subsidiaries which were written off during the previous financial year on account of the decision to opt for the new income tax regime at that time, have now been reinstated in the respective subsidiaries during the current quarter based on the Tax Audit Report filed. n n8. The figures for the corresponding previous periods have been restated/regrouped, wherever necessary, to make them comparable with the current periods. Multi segment 2020-04-01 2020-12-31 Unaudited Consolidated 6874546000.00 426915000.00 7301461000.00 143273000.00 0.00 316303000.00 805647000.00 2670956000.00 1574284000.00 2401699000.00 7912162000.00 -610701000.00 0.00 -610701000.00 365257000.00 -672205000.00 -306948000.00 0.00 -303753000.00 0.00 0.00 0.00 63212000.00 -240541000.00 195834000.00 -44707000.00 -128949000.00 -111592000.00 66885000.00 -111592000.00 343555000.00 2 -0.79 -0.79 0.00 0.00 -0.79 -0.79 Electicity Expenses 296464000.00 Other Expenses 844258000.00 Electicity Expenses 596982000.00 Other Expenses 1804717000.00 Hospitality Services 278236000.00 Property & Service Related 3100127000.00 Hospitality Services 466189000.00 Property & Service Related 6408357000.00 3378363000.00 6874546000.00 3378363000.00 6874546000.00 Hospitality Services -142756000.00 Property & Service Related 1200281000.00 Hospitality Services -604161000.00 Property & Service Related 2237501000.00 1057525000.00 1633340000.00 856971000.00 2670956000.00 -151165000.00 -426915000.00 351719000.00 -610701000.00 Hospitality Services 10439677000.00 Property & Service Related 85531012000.00 95970689000.00 17792243000.00 113762932000.00 Hospitality Services 8462319000.00 Property & Service Related 44113874000.00 52576193000.00 22007000.00 52598200000.00