M&M2023-07-012023-09-30 M&M2023-07-012023-09-30 M&M2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member M&M2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member M&M2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member M&M2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member M&M2023-09-30 M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue04Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue04Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults04Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member M&M2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults04Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets04Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member M&M2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member M&M2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member M&M2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member M&M2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member M&M2023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member M&M2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member M&M2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member M&M2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member M&M2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500520 M&M NOTLISTED Mahindra & Mahindra Limited Equity 2023-04-01 2024-03-31 2023-11-10 2023-10-23 INR Crores Half yearly 10:35:00 12:25:00 2023-11-10 2023-11-10 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 344355200000.00 5917100000.00 350272300000.00 205089300000.00 18917400000.00 -14678300000.00 27158300000.00 18351900000.00 11386400000.00 50572700000.00 316797700000.00 33474600000.00 0.00 33474600000.00 11837400000.00 -1000100000.00 10837300000.00 0.00 22637300000.00 0.00 0.00 0.00 2202400000.00 24839700000.00 438700000.00 25278400000.00 23477500000.00 1362200000.00 23871900000.00 1406500000.00 5570900000.00 5 21.07 20.99 0.00 0.00 21.07 20.99 0.00 0.06 0.00 1. Notes to the financial results: Please refer pdf file. 2.'Revenue from Operations' dislclosed above inlcudes' Revenue from Operations' and 'Income from investments related to subsidiaries, associates and joint ventures.' 3. The value of Interest Service Coverage ratio is higher than the acceptable limit of the XBRL Template and hence entered as '0.00' Actual Interest Service Coverage Ratio is as below- Interest Service Coverage ratio (times) Quarter ended (01.07.2023 to 30.09.2023) : 23.59 Half year ended (01.04.2023 to 30.09.2023): 25.82 Multi segment 2023-04-01 2023-09-30 Unaudited Consolidated 683271500000.00 13987600000.00 697259100000.00 385939000000.00 36978900000.00 -8830700000.00 52988800000.00 35540300000.00 22661400000.00 96440800000.00 621718500000.00 75540600000.00 0.00 75540600000.00 20365800000.00 -1688300000.00 18677500000.00 0.00 56863100000.00 0.00 0.00 0.00 4815300000.00 61678400000.00 -796800000.00 60881600000.00 58561600000.00 3116800000.00 57651000000.00 3230600000.00 5570900000.00 5 52.57 52.35 0.00 0.00 52.57 52.35 0.00 0.11 0.00 Loss from investments related to subsidiaries, associates and joint ventures 0.00 Other expenses 50572700000.00 Loss from investments related to subsidiaries, associates and joint ventures 33400000.00 Other expenses 96407400000.00 105575200000.00 205029500000.00 20138800000.00 24524700000.00 39880800000.00 36009600000.00 139516300000.00 75604700000.00 2722000000.00 585571800000.00 45970300000.00 709868800000.00 18379300000.00 54128900000.00 1247476700000.00 178435000000.00 124523400000.00 86315200000.00 37534500000.00 59784400000.00 393223500000.00 21543100000.00 722924100000.00 58894600000.00 960253700000.00 2207730400000.00 5570900000.00 599288800000.00 604859700000.00 710434900000.00 644466800000.00 400000.00 24405800000.00 668873000000.00 18565800000.00 16939000000.00 57260800000.00 761638600000.00 352650000000.00 264406100000.00 31840200000.00 648896300000.00 66156900000.00 11295000000.00 9308700000.00 735656900000.00 0.00 0.00 1497295500000.00 2207730400000.00 Automotive 188693000000.00 Farm Equipment 83734900000.00 Financial Services 37994300000.00 Industrial Businesses and Consumer Services 42561800000.00 Automotive 358681900000.00 Farm Equipment 180838600000.00 Financial Services 73470700000.00 Industrial Businesses and Consumer Services 87527100000.00 352984000000.00 700518300000.00 8628800000.00 17246800000.00 344355200000.00 683271500000.00 Automotive 14309700000.00 Farm Equipment 10471000000.00 Financial Services 3744000000.00 Industrial Businesses and Consumer Services 4091400000.00 Automotive 26648800000.00 Farm Equipment 25193200000.00 Financial Services 8448800000.00 Industrial Businesses and Consumer Services 12284900000.00 32616100000.00 72575700000.00 1350800000.00 2602700000.00 -4411700000.00 The reportable segments (for the all periods presented) are as follows: a)Automotive: This segment comprises of sale of automobiles, two wheelers, spares, construction equipments and related services; b)Farm Equipment: This segment comprises of sale of tractors, implements, spares, powerol and related services; c)Financial Services: This segment comprises of offering financial products ranging from retail and other loans, SME finance, housing finance, mutual funds and life and non-life insurance broking services; d)Industrial Businesses and Consumer Services' segment in consolidated results comprises of all other segments like IT services, Real Estate, Hospitality, Logistics, Steel trading and processing, Renewables, After-market, Defence, Agri, etc. that individually do not meet the reporting thresholds. In the consolidated results, the reportable segments also include investments in associates and joint ventures in respective businesses. Investment in equity shares of KG Mobility of Rs. 666.66 crores as at 30th September 2023, which earlier formed part of the ‘Automotive’ segment in consolidated results, has been reclassified as unallocable item. The segment information for comparative periods have been reclassified to conform with the presentation and reporting in the current period. The Company is both an operating company, primarily having operations in the Automotive and Farm Equipment segments and a holding company with a portfolio of investments in subsidiaries, associates and joint ventures. The Company from the quarter ended 30th June 2023 has updated its segment disclosures and in its consolidated segment disclosures, the Company has reported four segments, namely Automotive, Farm Equipment, Financial Services and Industrial Businesses and Consumer Services. Financial Services is part of the Services vertical but reported separately as it meets the required quantitative threshold for separate reporting. Industrial Businesses and Consumer Services segment comprises all other segments that individually do not meet the threshold for separate reporting. The segment related disclosures (i.e. segment revenue, segment results, segment assets and segment liabilities) for comparative periods have been reclassified to conform with the presentation and reporting in the current period. Further, the share of profit or loss and investments in associates and joint ventures are reported in their respective segments. Further, in accordance with the above change, the Company has reported the dividend, interest and other investment related income pertaining to the aforesaid investment segments as 'Income from Investments related to subsidiaries, associates and joint ventures' in the consolidated and standalone financial results as applicable. Similarly, loss pertaining to the aforesaid investment segments is reported as 'Loss from Investments related to subsidiaries, associates and joint ventures'. Such incomes (net) which were reported as 'Other income' in comparative periods have been reclassified to conform to current period presentation. Share of profit/(loss) of associates and joint ventures continue to be presented separately in the consolidated results. -10382900000.00 35677000000.00 80355900000.00 Automotive 358943300000.00 Farm Equipment 196547400000.00 Financial Services 1103754900000.00 Industrial Businesses and Consumer Services 323148600000.00 1982394200000.00 225336200000.00 2207730400000.00 Automotive 223378200000.00 Farm Equipment 94201200000.00 Financial Services 943017900000.00 Industrial Businesses and Consumer Services 131395800000.00 1391993100000.00 105302400000.00 1497295500000.00 2602700000.00 -11562100000.00 -28760300000.00 0.00 0.00 0.00 0.00 -102567300000.00 0.00 29480500000.00 0.00 0.00 0.00 22661400000.00 0.00 0.00 0.00 0.00 0.00 -911800000.00 0.00 3464300000.00 641600000.00 -9012500000.00 0.00 -6538600000.00 0.00 0.00 0.00 -107430700000.00 -31890100000.00 0.00 0.00 0.00 18096600000.00 0.00 -49986700000.00 -47200000.00 0.00 238276500000.00 220465200000.00 7652800000.00 327300000.00 0.00 0.00 696400000.00 45390700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 62720700000.00 56416100000.00 0.00 0.00 0.00 0.00 8747700000.00 2716100000.00 0.00 133200000.00 0.00 -1703100000.00 0.00 1974900000.00 0.00 0.00 0.00 0.00 2400000.00 9000000000.00 330770000000.00 253475600000.00 0.00 3957200000.00 22486700000.00 3445300000.00 0.00 0.00 54432700000.00 2742900000.00 -142500000.00 2600400000.00 34934100000.00 37534500000.00 Items that will not be reclassified to profit or loss -499600000.00 Items that will not be reclassified to profit or loss -159100000.00 -499600000.00 -159100000.00 -10700000.00 -4800000.00 Items that will be reclassified to profit or loss 842100000.00 Items that will be reclassified to profit or loss -771700000.00 842100000.00 -771700000.00 -85500000.00 -129200000.00