PHOENIXLTD2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member PHOENIXLTD2021-04-012021-06-30in-bse-fin:OneOperatingExpenses02Member PHOENIXLTD2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PHOENIXLTD 2021-04-01 2022-03-31 2021-07-29 INR Lakhs First quarter Single segment Property and related services 2021-04-01 2021-06-30 Unaudited Standalone 392904000.00 354372000.00 747276000.00 0.00 0.00 0.00 40012000.00 156657000.00 68281000.00 192236000.00 457186000.00 290090000.00 2088724000.00 2378814000.00 32000000.00 -269000.00 31731000.00 0.00 2347083000.00 0.00 0.00 0.00 0.00 2347083000.00 3937000.00 2351020000.00 0.00 0.00 343782000.00 2 13.65 13.63 0.00 0.00 13.65 13.63 1. The above Standalone Unaudited Financial Results of the Company for the quarter ended 30th June, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 6th August, 2021. The Statutory Auditors of the Company have conducted a Limited Review of the above Standalone Unaudited Financial Results. 2. The company has issued 20,000 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 30th June, 2021. 3. 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, which are pending for hearing by the Hon' ble NCLT. 4. 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. 5. Exceptional item for the quarter ended 30th June, 2021 refers to the profit on sale of partial investments in two subsidiaries (Offbeat Developers Private Limited and Vamona Developers Private Limited), whilst retaining control thereon. 6. In preparation of these financial 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. 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 30.06.2021. 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 results. The Company will continue to closely monitor uncertainties arising out of material changes to the future economic conditions. The Mall operations for the Quarter have been impacted by the Lockdowns enforced owing to the COVID -19 Pandemic. The Management has recognised the revenues from Mall operations for the quarter on a conservative basis considering concessions/reliefs on rentals from its retailers/ Licensees, owing to which the said results and performance are not indicative/illustrative of the revenue and performance for the entire 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 are the balancing figures between the audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the said financial year, which were subject to limited review by the Statutory Auditors. Electricity expenses 27295000.00 Other expenses 164941000.00