ADVANIHOTR2022-10-012022-12-31 ADVANIHOTR2022-10-012022-12-31 ADVANIHOTR2022-10-012022-12-31in-bse-fin:OneOperatingExpenses01Member ADVANIHOTR2022-10-012022-12-31in-bse-fin:OneOperatingExpenses02Member ADVANIHOTR2022-10-012022-12-31in-bse-fin:OneOperatingExpenses03Member ADVANIHOTR2022-10-012022-12-31in-bse-fin:FourOperatingExpenses01Member ADVANIHOTR2022-10-012022-12-31in-bse-fin:FourOperatingExpenses02Member ADVANIHOTR2022-10-012022-12-31in-bse-fin:FourOperatingExpenses03Member ADVANIHOTR2022-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 523269 ADVANIHOTR NA Advani Hotels & Resorts (India) Limited Equity 2022-04-01 2023-03-31 2023-02-10 2023-02-03 INR Lakhs Third quarter 15:30:00 18:45:00 2023-02-10 2023-02-10 Not applicable Single segment Hotels and Resorts 2022-10-01 2022-12-31 Unaudited Standalone 290005000.00 7372000.00 297377000.00 17998000.00 0.00 0.00 74686000.00 555000.00 6433000.00 79822000.00 179494000.00 117883000.00 0.00 117883000.00 29000000.00 1385000.00 30385000.00 0.00 87498000.00 0.00 0.00 0.00 0.00 87498000.00 532000.00 88030000.00 0.00 0.00 92439000.00 2 1.89 1.89 0.00 0.00 1.89 1.89 0.00 0.00 0.00 1.The unaudited financial results of the Company for the quarter and nine months period ended December 31, 2022, have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meetings held on February 10, 2023. The results have been reviewed by the Statutory Auditors of the Company. 2.The unaudited results for the quarter and nine months period ended December 31, 2022 are available on the website of the Bombay Stock Exchange (www.bseindia.com), the website of the National Stock Exchange (www.nseindia.com) and on the website of the Company (www.caravelabeachresortgoa.com). 3.These unaudited financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (“Ind AS”) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. 4.In view of the seasonality of the business, the unaudited financial results for the quarter and nine months period ended December 31, 2022, are not indicative of the full year’s performance. The financial results of previous period mainly, for the nine months period ended December 31, 2021 were adversely impacted due to Covid -19, hence the figures are not comparable. 5.Disclosure of segment-wise information is not applicable, as hoteliering is the Company’s only business segment. 6.The date of implementation of the Code on Social Security, 2020 ('the Code') relating to employee benefits is yet to be notified by the Government and when implemented will impact the contributions by the Company towards benefits such as Provident Fund, Gratuity etc. The Company will assess the impact of the Code and give effect in the financial results when the Code and Rules thereunder are notified. 7.The Board of Directors at its meeting held on December 16, 2022, has approved the payment of Interim Dividend of Rs. 2/- (i.e.100%) per share of face value of Rs. 2/- (Previous year 1.40 (i.e 70%)). The outgo for the Interim Dividend was Rs. 924.39 lakhs. 8. During the 3rd quarter ending on December 31, 2022, the Company has signed two settlement agreements and thus closed four legal cases with the Employees Union for the period February 2013 to March 2020 and paid arrears of Rs. 371.30 lakhs. In respect of the above settlement, the amount charged to the Employees Benefit Expense for the quarter ended December 31, 2022 is Rs. 85.42 lakhs (net of provisions of Rs. 285.88 lakhs already made in earlier periods). 9.From April 1, 2022, based on advice received, the Company has considered the cost of operational items of circulating stock like crockery, cutlery, glass ware, silver ware, linen, etc. issued as consumption cost. As a result of the above change, the net profit of the company for the quarter and nine month period ended December 31, 2022 and value of closing inventory as at December 31, 2022 are lower by Rs. 28.61 lakhs and Rs. 50.71 lakhs respectively. 10.The Current period of this year did not witness any disruption due to Covid-19 pandemic. There was robust and unprecedented increase in the Company's revenues in the second and subsequent quarters of financial year 2021-22. However, the Company will continue to closely monitor any material changes in future economic conditions due to Covid-19 and will take appropriate steps, as may be necessary, to mitigate any adverse impact. 11.Earnings Per Share are not annualised except for the year ended March 31, 2022. 12.Figures for the previous periods are re-classified / re-arranged / re-grouped, wherever necessary, to correspond with the current period's classification and disclosures Single segment 2022-04-01 2022-12-31 Unaudited Standalone 682021000.00 14495000.00 696516000.00 47386000.00 0.00 0.00 180550000.00 1178000.00 19255000.00 208502000.00 456871000.00 239645000.00 0.00 239645000.00 59300000.00 3615000.00 62915000.00 0.00 176730000.00 0.00 0.00 0.00 0.00 176730000.00 1595000.00 178325000.00 0.00 0.00 92439000.00 2 3.82 3.82 0.00 0.00 3.82 3.82 0.00 0.00 0.00 Other operating and general expenses 52539000.00 Power and Fuel 14531000.00 Repairs and Maintenance 12752000.00 Other operating and general expenses 131343000.00 Power and Fuel 43036000.00 Repairs and Maintenance 34123000.00 710000.00 2131000.00 178000.00 536000.00 0.00 0.00