DEVYANI2023-04-012023-06-30 DEVYANI2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member DEVYANI2023-06-30 DEVYANI2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member DEVYANI2023-04-012023-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543330 DEVYANI NOTLISTED Devyani International Limited Equity 2023-04-01 2024-03-31 2023-08-04 2023-07-28 INR Millions First quarter 11:00:00 12:15:00 2023-08-04 2023-08-04 Not applicable Single segment Food and Beverages 2023-04-01 2023-06-30 Unaudited Consolidated 8466340000.00 68240000.00 8534580000.00 2449780000.00 18520000.00 0.00 1118080000.00 403710000.00 796010000.00 3145540000.00 7931640000.00 602940000.00 -473330000.00 129610000.00 182530000.00 -36970000.00 145560000.00 0.00 -15950000.00 0.00 0.00 0.00 0.00 -15950000.00 267320000.00 251370000.00 117580000.00 -133530000.00 306520000.00 -55150000.00 1205450000.00 1 0.10 0.10 0.00 0.00 0.10 0.10 17. Earnings per share before exceptional items (of INR 1/- each) (not annualised for quarters) (refer note 4) Basic (INR)- 0.37 Diluted (INR)- 0.37 Notes to standalone and consolidated financial results for the quarter ended 30 June 2023: 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 ended 30 June 2023 have been reviewed and recommended for approval by the Audit, Risk Management and Ethics 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 04 August 2023. The joint statutory auditors have conducted limited review of the financial results. 2. The figures for the quarter ended 31 March 2023 are the balancing figures between the audited figures for the full financial year and the unaudited figures for the nine months ended 31 December 2022 , 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-34') 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. During the quarter ended 30 June 2023 and year ended 31 March 2023, there was significant devaluation of Nigerian currency. The Nigerian Subsidiary of the Group (the Company and its subsidiaries collectively referred to as the 'Group') has therefore, recognized INR 473.33 million and INR 200.46 million devaluation impact on account of translation loss of USD denominated liabilities in Nigerian Subsidiary’s financial statements as at 30 June 2023 and year ended 31 March 2023 respectively. Considering the significance of the amount involved, the said exchange translation loss has been presented as an exceptional item in consolidated financial results of the Group. Consequently, basic and diluted earnings per share for the quarter ended 30 June 2023 and year ended 31 March 2023, have been presented before and after considering effect of resultant impact of exceptional item. 5. The Group operates in single reportable business segment “food and beverages” in terms of Ind AS 108- Segment Reporting. 6. During the quarter ended 30 June 2023 and subsequent to the quarter, the Company has allotted 487,500 and 50,000 equity shares respectively which were exercised during the quarter ended 31 March 2023 under Employee Stock Option Scheme of the Company. 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 (wholly-owned subsidiary companies) with the Company. The Hon’ble NCLT vide its Order dated July 13, 2023 has approved the Scheme. The Company has applied for certified true copy of the Order. The Scheme shall come into effect upon completion of legal formalities including filing of certified true copy of the said Order with the Registrar of Companies, NCT of Delhi & Haryana. 8. During the quarter ended 30 June 2023, the Company has incorporated a new wholly owned subsidiary, Devyani International DMCC in Dubai w.e.f. 24 May 2023 to hold overseas investments and render business related management and technical services to the Group. Other Expenses 3145540000.00 Remeasurements of defined benefit plans -3330000.00 -3330000.00 -720000.00 Exchange differences arising on translation of foreign operations 269930000.00 269930000.00 0.00