PHOENIXLTD2021-01-012021-03-31in-bse-fin:OneOperatingExpenses01Member PHOENIXLTD2021-01-012021-03-31in-bse-fin:OneOperatingExpenses02Member PHOENIXLTD2021-01-012021-03-31in-bse-fin:FourOperatingExpenses01Member PHOENIXLTD2021-01-012021-03-31in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PHOENIXLTD 2020-04-01 2021-03-31 2021-05-20 INR Lakhs Yearly true Cash Flow Indirect Single segment Property & Related Services 2021-01-01 2021-03-31 Audited Standalone 835233000.00 136058000.00 971291000.00 0.00 0.00 0.00 36357000.00 126957000.00 90911000.00 498984000.00 753209000.00 218082000.00 0.00 218082000.00 159854000.00 -21697000.00 138157000.00 0.00 79925000.00 0.00 0.00 0.00 0.00 79925000.00 -4988000.00 74937000.00 0.00 0.00 343742000.00 2 0.24 0.24 0.00 0.00 0.24 0.24 0.00 0.00 0.00 1.The above Financial Results of the Company for the year ended 31st March, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 27th May, 2021. 2. The Board of Directors have recommended a final dividend of Re 1/- (50 %) per equity share of Rs 2/- each subject to shareholders approval at the ensuing AGM. 3. The company has issued 93,660 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 March, 2021. 4. 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 Companies have filed their respective petitions before the Hon’ble NCLT seeking its approval for the proposed merger. 5. Other income for the Financial Year 2020-21 includes profit on sale of Property Plant & Equipment (certain commercial units and certain parcels of undivided share in land) aggregating to Rs. 24,731.47 Lakhs to wholly owned subsidaries. 6. In preparation of these financial statements, 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. The Company has also assessed the potential impact of Covid-19 on the carrying value of property, plant & equipment, trade receivables, and other current assets appearing in the results of the Company. In developing the assumptions and estimates relating to the future uncertainties in the economic conditions because of this pandemic, the Company as at the date of approval of results and based on current estimates, expects to recover the carrying amounts of the assets including trade receivables as at 31.3.2021. 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 statements. The Company will continue to closely monitor uncertainties arising out of material changes to the future economic conditions. For 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 ongoing discussions as well as those concluded and agreed with retailers/licensees on case to case basis. Considering the impact of such concessions given in lease rentals and other recoveries during the Financial Year 2020-21, the above results and performance for the said financial year are not comparable with the revenue and performance of the previous Financial Year. 7. 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. 8. The figures for the quarter ended 31st March, 2021 and 31st March, 2020 are the balancing figures between the audited figures in respect of full financial year ended 31st March, 2021 and 31st March, 2020 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. Single segment 2020-04-01 2021-03-31 Audited Standalone 2491809000.00 2975664000.00 5467473000.00 0.00 0.00 0.00 126842000.00 624110000.00 423751000.00 1130260000.00 2304963000.00 3162510000.00 0.00 3162510000.00 244355000.00 -4418000.00 239937000.00 0.00 2922573000.00 0.00 0.00 0.00 0.00 2922573000.00 1844000.00 2924417000.00 0.00 0.00 343742000.00 2 41974244000.00 17.76 17.72 0.00 0.00 17.76 17.72 0.00 0.00 0.00 Electricity Expenses 63909000.00 Others Expenses 435075000.00 Electricity Expenses 180467000.00 Others Expenses 949793000.00 624110000.00 0.00 0.00 0.00 23172000.00 -2427716000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 423751000.00 0.00 0.00 0.00 0.00 0.00 0.00 3000.00 435582000.00 -804000.00 -11441000.00 0.00 0.00 0.00 0.00 662000.00 -1803851000.00 1358659000.00 0.00 0.00 0.00 213236000.00 -43747000.00 1101676000.00 255000000.00 1152641000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 282054000.00 8366247000.00 12485150000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3746852000.00 0.00 0.00 0.00 3000.00 102235000.00 0.00 0.00 0.00 -8943212000.00 0.00 0.00 10906863000.00 0.00 0.00 -545000.00 0.00 0.00 0.00 1862976000.00 0.00 0.00 2508000.00 420456000.00 0.00 0.00 8621468000.00 779932000.00 0.00 779932000.00 38300000.00 818232000.00