CIEINDIA2023-10-012023-12-31 CIEINDIA2023-10-012023-12-31 CIEINDIA2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member CIEINDIA2023-12-31 CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member CIEINDIA2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member CIEINDIA2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CIEINDIA2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CIEINDIA2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532756 CIEINDIA NOTLISTED CIE Automotive India Limited Equity 2023-01-01 2023-12-31 2024-02-19 2024-02-02 INR Millions Yearly 16:45:00 18:10:00 2024-02-19 2024-02-19 true Cash Flow Indirect Declaration of unmodified opinion Geographical 2023-10-01 2023-12-31 Audited Consolidated 22403950000.00 265020000.00 22668970000.00 11722540000.00 0.00 -101340000.00 2450990000.00 303480000.00 780890000.00 5057460000.00 20214020000.00 2454950000.00 0.00 2454950000.00 561380000.00 120240000.00 681620000.00 0.00 1773330000.00 -81120000.00 0.00 -81120000.00 -2850000.00 1689360000.00 752420000.00 2441780000.00 1689360000.00 0.00 752420000.00 0.00 3793620000.00 10 4.67 4.67 -0.21 -0.21 4.45 4.45 0.00 0.00 0.00 1.The statement has been prepared in accordance with the Companies (IAS) Rules, 15 (Ind AS) prescribed under S133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2.In Sept 18, The BOD of CIE Automotive India Limited decided to disposeoff the forging business in the UK, pertaining to the company Stokes Group Limited. Due to that decision, the Group has discontinued the operations of Stokes Group Limited, classifying them as a disposal group, and reclassifying the P&L account of the Company to results from discontinued operations in its consolidated result. Stokes Group Limited has been liquidated on Sept 05, 2023. The consolidated results include total income and profit before tax of INR 34.66 Mios pertaining to this discontinued operations for year ended Dec 31, 23. For other comparable periods, the results of Stokes Group Limted is nil. 3.The Board, in its meeting held on 14 Dec, 22, took note of the proposal approved by CIE Galfor, S.A.U. (Galfor) to launch an active program to locate a buyer for the German Forging Operations comprising of CIE Forgings Germany GmbH (CFG) and its subsidiaries. In accordance with the applicable accounting standards, considering Galfor’s decision to launch the program, all the German Forging Operation’s “assets and liabilities” were categorised as assets and liabilities held for sale and classified as discontinued operation. Further, the BOD of the Holding Company at its meeting held on Aug 10, 2023, approved the transaction of sale of 100% stake held by CFG in its subsidiaries in Germany namely Jeco Jellinghaus GmbH (JECO), Gesenkschmiede Schneider GmbH (GSA), Falkenroth Umformtechnik GmbH (FUG) and Schoneweiss & Co. GmbH (SCG) to Mutares SE & Co KgaA (the Buyer) (the Transaction). Thereafter, CFG as seller of JECO, GSA, FUG and SCG and the Buyer entered into binding agreements to give effect to the Transaction on August 10, 2023. As per this agreement, under the relevant accounting standards effective 1st July, 2023, JECO, GSA, FUG and SCG results are not included in the consolidated results. The Foreign currency translation reserve (FCTR) (under other equity) pertaining to the disposed group amounting to INR 2,090.62 Mio (including INR 3,132 Mio in relation to translation of goodwill) is credited to Statement of Profit and Loss, during the year ended Dec 31, 23 and quarter ended Sept 30, 23. FCTR is created by translation of disposal group results and financial position from foreign currency to INR as per applicable Indian Accounting Standards and is accumulated in FCTR until actual disposal. The Group has recognised further loss on fair valuation of disposal group of INR 203.79 Mio during the quarter ended Sept 30, 23 and INR 1,536.45 Mio during the year ended on Dec 31, 23 (INR 9,233.70 Mio during the quarter and year ended Dec 31, 22, including INR 9,162.02 Mio relating to goodwill). 4.The above results have been reviewed by the Audit Committee and approved by the BoD of the Company at their respective meetings held on 19 Feb 24. 5.Exceptional Items for year ended 31 Dec, 22 pertains to sale of freehold land situated in Kanhe,Pune. 6.The subsidiaries and associate companies forming part of consolidated financial results of CIE Automotive India Limited are listed in Annexure A annexed herewith the statement. 7.The Holding Company has changed its name from Mahindra CIE Automotive Limited to CIE Automotive India Limited in the CY23. 8.The figures for the quarter ended 31 Dec 2023 and 31 Dec 2022 is derived/balancing figure between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the financial year, respectively and effect of discontinued operations as per note 2 and 3 above. 9.The BoD of company at their meeting held on Feb 19, 2024 recommended final dividend of INR 5/- per Equity Share of INR 10 each fully paid up for FY23. Geographical 2023-01-01 2023-12-31 Audited Consolidated 92803490000.00 820100000.00 93623590000.00 48533600000.00 0.00 574690000.00 9944150000.00 1073680000.00 3221960000.00 19512150000.00 82860230000.00 10763360000.00 0.00 10763360000.00 2741890000.00 40320000.00 2782210000.00 0.00 7981150000.00 3804080000.00 528890000.00 3275190000.00 -4850000.00 11251490000.00 676660000.00 11928150000.00 11251490000.00 0.00 676660000.00 0.00 3793620000.00 10 56086060000.00 21.03 21.03 8.63 8.63 29.66 29.66 0.00 0.00 0.00 Other Expenses 5057460000.00 Other Expenses 19512150000.00 0.00 29294940000.00 536670000.00 0.00 28540240000.00 269410000.00 0.00 0.00 380040000.00 11000000.00 0.00 4894910000.00 718730000.00 5624640000.00 93320000.00 1408660000.00 66147920000.00 11626050000.00 7814500000.00 6331350000.00 2095450000.00 291760000.00 87930000.00 1463540000.00 18084530000.00 262600000.00 1498040000.00 31471220000.00 0.00 0.00 97619140000.00 3793620000.00 56086060000.00 59879680000.00 59879680000.00 1009230000.00 1366480000.00 2375710000.00 1005210000.00 3331140000.00 0.00 0.00 6712060000.00 7024250000.00 19341140000.00 752370000.00 27117760000.00 2790060000.00 523810000.00 595770000.00 0.00 31027400000.00 0.00 0.00 37739460000.00 97619140000.00 Europe 7570000000.00 India 14873210000.00 Europe 44570800000.00 India 59459080000.00 22443210000.00 104029880000.00 39260000.00 473980000.00 22403950000.00 103555900000.00 Europe 887610000.00 India 1786850000.00 Europe 10084870000.00 India 7087850000.00 2674460000.00 17172720000.00 303480000.00 1073680000.00 -81120000.00 1. India includes Mexico operation 2. This includes disposal group- assets and liabilities held for sale for year ended 31.12.2022. 3. Excludes Loss on fair valuation of assets and liabilities of disposal group as shown below Rs. In Million Quarter Ended 31.12.2023 Nil, 30.09.23 203.79, 31.12.22- 9233.70 Year Ended 31.12.2023- 1536.45, 31.12.22 - 9,233.70 5340530000.00 2452100000.00 10758510000.00 Europe 34358910000.00 India 63260230000.00 97619140000.00 Europe 16070460000.00 India 21669000000.00 37739460000.00 1073680000.00 528170000.00 -22460000.00 2298650000.00 -190000.00 0.00 0.00 -1126010000.00 0.00 -2008740000.00 0.00 0.00 0.00 3221960000.00 0.00 -46180000.00 -24370000.00 23690000.00 0.00 181940000.00 0.00 411300000.00 73310000.00 -166000000.00 -4850000.00 0.00 1543860000.00 -2090620000.00 3799230000.00 6853470000.00 17616830000.00 0.00 0.00 0.00 3579350000.00 -204930000.00 13832550000.00 0.00 74460000.00 0.00 0.00 0.00 0.00 0.00 0.00 181550000.00 5303170000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3207730000.00 0.00 0.00 0.00 0.00 377970000.00 0.00 -1069840000.00 0.00 -9095680000.00 0.00 0.00 6530000.00 0.00 0.00 0.00 0.00 0.00 -2081730000.00 0.00 213110000.00 0.00 948410000.00 1035260000.00 0.00 0.00 -4271980000.00 464890000.00 46770000.00 511660000.00 1583787000.00 2095447000.00 Amount of items that will not be reclassified to profit and loss -5010000.00 Amount of items that will not be reclassified to profit and loss 1990000.00 -5010000.00 1990000.00 -260000.00 1500000.00 Amount of items that will be reclassified to profit and loss 757170000.00 Amount of items that will be reclassified to profit and loss 676170000.00 757170000.00 676170000.00 0.00 0.00