DEVYANI2023-01-012023-03-31 DEVYANI2023-01-012023-03-31 DEVYANI2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member DEVYANI2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member DEVYANI2023-03-31 DEVYANI2023-01-012023-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DEVYANI2023-01-012023-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DEVYANI2023-01-012023-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member DEVYANI2023-01-012023-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543330 DEVYANI NOTLISTED Devyani International Limited Equity 2022-04-01 2023-03-31 2023-05-17 2023-05-10 INR Millions Yearly 11:00:00 11:45:00 2023-05-17 2023-05-17 true Cash Flow Indirect Declaration of unmodified opinion Single segment Food and Beverages 2023-01-01 2023-03-31 Audited Consolidated 7549770000.00 110210000.00 7659980000.00 2282700000.00 13540000.00 0.00 945150000.00 420380000.00 790680000.00 2795210000.00 7247660000.00 412320000.00 0.00 412320000.00 -2560000.00 -183880000.00 -186440000.00 0.00 598760000.00 0.00 0.00 0.00 0.00 598760000.00 0.00 598760000.00 607200000.00 -8440000.00 -6640000.00 6640000.00 1204960000.00 1 0.50 0.50 0.00 0.00 0.50 0.50 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these standalone and consolidated financial results ( financial results ) for the quarter and year ended 31 March 2023 have been reviewed and recommended for approval by the Audit Committee and accordingly have been approved by the Board of Directors of Devyani International Limited ( DIL or the Company ) at their respective meetings held on 17 May 2023. The joint statutory auditors have audited these annual financial results. 2.The figures for the quarter ended 31 March 2023 and 31 March 2022 are the balancing figures between the audited figures for the full financial year and the unaudited year-to-date figures upto the end of the third quarter of the respective financial years, which were subjected to a limited review by the statutory auditors. 3.These financial results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards ('Ind AS') notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013 (read with SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016 and other recognised accounting practices and policies). 4.The exceptional items include the impact of: i) Significant foreign currency translation loss (for the step-down subsidiary operating in Nigeria) for the year ended 31 March 2023: INR 200.46 (31 March 2022: INR 191.47), for the quarter ended 31 March 2023: INR Nil (31 March 2022: INR 26.58 and 31 December 2022: INR 87.56).Further, pursuant to a loan arrangement entered between RV Enterprises Pte Limited (Singapore subsidiary) and Devyani International (Nigeria) Limited (step down subsidiary) during the current quarter, the loan given to Nigerian step down subsidiary by Singapore subsidiary has been treated as net investment in the Nigerian operations and accordingly, exchange difference loss amounting to INR 37.27 arising in relation to these loans have been recognized in ‘Other comprehensive Income’ in the consolidated financials results. (ii) In consolidated financial results, gain on extinguishment of financial liabilities of the subsidiary company during the year ended 31 March 2023: Nil (31 March 2022: INR 32.53) (iii) Share issue expenses in standalone and consolidated financial results during the year ended 31 March 2023 :Nil (31 March 2022: INR 12.10) 5.During the quarter ended 31 March 2023, an aggregate 457,500 Employee Stock Options (“options”) were exercised by the employees under the ‘Employee Stock Option Scheme 2021’ and 255,000 options were exercised under ‘Employee Stock Option Scheme 2018’ of the Company. 6.The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. 7.The Board of Directors of the Company (“Board”) at its meeting dated 13 December 2021, had approved the Scheme of Amalgamation (the 'Scheme') for amalgamation of Devyani Food Street Private Limited and Devyani Airport Services (Mumbai) Private Limited (both are wholly owned subsidiary companies) with the Company. The Scheme was filed with the Hon’ble National Company Law Tribunal, New Delhi (NCLT) on 17 September 2022, and the NCLT had approved the first motion application on 11 November 2022. The equity shareholders and unsecured creditors of the Company at their respective meetings held on December 29, 2022, had approved the Scheme with requisite majority. Subsequently, the Company has filed second motion petition with NCLT and the Scheme is pending for final approval. 8.The previous period/year numbers have been regrouped/ reclassified wherever necessary to conform to current period/year presentation. The impact of such reclassification/regrouping is not material to the financial results. Single segment 2022-04-01 2023-03-31 Audited Consolidated 29977230000.00 325850000.00 30303080000.00 8908530000.00 77760000.00 0.00 3451730000.00 1474730000.00 2782190000.00 10988430000.00 27683370000.00 2619710000.00 -200460000.00 2419250000.00 274930000.00 -480820000.00 -205890000.00 0.00 2625140000.00 0.00 0.00 0.00 0.00 2625140000.00 70450000.00 2695590000.00 2649970000.00 -24830000.00 59770000.00 10680000.00 1204960000.00 1 0.00 2.20 2.19 0.00 0.00 2.20 2.19 Other expenses 2795210000.00 Other expenses 10988430000.00 -61570000.00 9469750000.00 152960000.00 352740000.00 644450000.00 13799760000.00 0.00 0.00 0.00 0.00 0.00 0.00 790920000.00 790920000.00 1352890000.00 223120000.00 26786590000.00 1290480000.00 0.00 289070000.00 625860000.00 225570000.00 0.00 258870000.00 1399370000.00 0.00 408830000.00 3098680000.00 0.00 0.00 29885270000.00 1204960000.00 8498500000.00 9703460000.00 9641890000.00 766600000.00 0.00 13919570000.00 14686170000.00 178940000.00 0.00 0.00 23420000.00 14888530000.00 6940000.00 2418950000.00 2231430000.00 4657320000.00 522970000.00 97870000.00 76690000.00 0.00 5354850000.00 0.00 0.00 20243380000.00 29885270000.00 1474730000.00 -435620000.00 -73770000.00 0.00 0.00 0.00 0.00 -93120000.00 0.00 848300000.00 0.00 0.00 0.00 2782190000.00 0.00 0.00 0.00 0.00 0.00 95560000.00 0.00 120000000.00 0.00 0.00 0.00 0.00 -49510000.00 0.00 0.00 4428760000.00 6848010000.00 0.00 0.00 0.00 478040000.00 0.00 6369970000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 132900000.00 4373070000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 49920000.00 0.00 692890000.00 0.00 -3497360000.00 0.00 0.00 6880000.00 0.00 0.00 0.00 0.00 0.00 0.00 609170000.00 0.00 814880000.00 0.00 1426670000.00 0.00 16830000.00 -2827010000.00 45600000.00 5800000.00 51400000.00 574460000.00 625860000.00 Remeasurements of defined benefit plans -5930000.00 Remeasurements of defined benefit plans -3190000.00 -5930000.00 -3190000.00 -1260000.00 -210000.00 Exchange differences on translation of foreign operations 4670000.00 Exchange differences on translation of foreign operations 73430000.00 4670000.00 73430000.00 0.00 0.00