ADVANIHOTR2023-01-012023-03-31 ADVANIHOTR2023-01-012023-03-31 ADVANIHOTR2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member ADVANIHOTR2023-01-012023-03-31in-bse-fin:FourOperatingExpenses01Member ADVANIHOTR2023-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 523269 ADVANIHOTR NOTLISTED Advani Hotels & Resorts (India) Limited Equity 2022-04-01 2023-03-31 2023-05-19 2023-05-12 INR Lakhs Yearly 15:30:00 19:30:00 2023-05-19 2023-05-19 true Cash Flow Indirect Declaration of unmodified opinion Single segment Hotels and Resorts 2023-01-01 2023-03-31 Audited Standalone 304388000.00 5389000.00 309777000.00 21034000.00 0.00 0.00 64461000.00 463000.00 7017000.00 72834000.00 165809000.00 143968000.00 0.00 143968000.00 35100000.00 -450000.00 34650000.00 0.00 109318000.00 0.00 0.00 0.00 0.00 109318000.00 -1763000.00 107555000.00 0.00 0.00 92439000.00 2 2.37 2.37 0.00 0.00 2.37 2.37 1. The audited financial results of the Company for the quarter and year ended March 31, 2023, have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meetings held on May 19, 2023. 2. The results for the quarter and year ended March 31, 2023, 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 financial results for the quarter ended March 31, 2022, are not indicative of the full year's performance. 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 May 19, 2023, has approved the payment of second Interim Dividend of ` 1.40 (70%) per share of face value of ` 2/- (Previous year ` 1.40 (70%)) for Financial Year 2022-23. The outgo for the Interim Dividend will be ` 647.07 lakhs. With this, the total Interim Dividend for the Year will be ` 3.40 (170%) per share of face value of ` 2/- (Previous Year ` 1.40 (70%). The total outgo for the two Interim Dividends will be ` 1571.46 lakhs (Previous year ` 647.07 lakhs). 8. During the 3rd quarter ended on December 31, 2022, the Company has signed two wage settlement agreements and thus closed four legal cases with the Employees Union for the period February 2013 to March 2020 and paid arrears of ` 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 ` 85.42 lakhs (net of provisions of ` 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, glassware, silverware, linen, etc., which are issued as consumption cost. As a result of the above change, the net profit of the company for the quarter and year ended March 31, 2023 and value of closing inventory for the quarter and year ended March 31, 2023 are lower by ` 5.31 lakhs, ` 64.60 lakhs and ` 64.60 lakhs respectively. 10. The business for the first quarter of previous year was impacted due to the outbreak of third wave of COVID-19. During the current year, the Company saw strong rebound in the business aided by leisure travel and gradual pickup in business travel. The Company will contine to closely monitor any material changes to future economic conditions on account of COVID-19 to assess any possible impact on the Company. 11. The figures for the quarter ended March 31, 2023, and March 31, 2022, are derived after considering the audited figures for the full financial years and the unaudited financial information for the period of nine months ended December 31, 2022 and December 31, 2021, respectively. 12. Earnings Per Share are not annualised except for the year ended March 31, 2023. 13. 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 2023-03-31 Audited Standalone 986409000.00 19884000.00 1006293000.00 68420000.00 0.00 0.00 245011000.00 1641000.00 26272000.00 281336000.00 622680000.00 383613000.00 0.00 383613000.00 94400000.00 3165000.00 97565000.00 0.00 286048000.00 0.00 0.00 0.00 0.00 286048000.00 -168000.00 285880000.00 0.00 0.00 92439000.00 2 0.00 6.19 6.19 0.00 0.00 6.19 6.19 Other Expenses 72834000.00 Other Expenses 281336000.00 428646000.00 1941000.00 0.00 362000.00 25000.00 6340000.00 0.00 13748000.00 20113000.00 451062000.00 13924000.00 332054000.00 27120000.00 30842000.00 5166000.00 1375000.00 1475000.00 398032000.00 8895000.00 27958000.00 448809000.00 899871000.00 92439000.00 534825000.00 627264000.00 627264000.00 1186000.00 5103000.00 6289000.00 5175000.00 56436000.00 67900000.00 7989000.00 33628000.00 59511000.00 101128000.00 101336000.00 2243000.00 204707000.00 272607000.00 899871000.00 1641000.00 296000.00 -23481000.00 0.00 -19644000.00 0.00 0.00 0.00 0.00 6247000.00 0.00 0.00 0.00 26272000.00 0.00 0.00 0.00 0.00 0.00 0.00 4000.00 526000.00 0.00 -18135000.00 0.00 0.00 -118000.00 698000.00 0.00 -26754000.00 356859000.00 0.00 0.00 0.00 97316000.00 0.00 259543000.00 0.00 0.00 273135000.00 334919000.00 0.00 0.00 0.00 0.00 0.00 23764000.00 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 4000.00 284000.00 0.00 0.00 0.00 -85260000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7989000.00 951000.00 3896000.00 0.00 0.00 907000.00 156268000.00 0.00 -154033000.00 20250000.00 0.00 20250000.00 10592000.00 30842000.00 -2355000.00 -224000.00 -592000.00 -56000.00