MAHINDCIE2019-07-012019-09-30in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:FourOperatingExpenses01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentRevenue01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentRevenue02Member MAHINDCIE2019-07-012019-09-30in-bse-fin:FourReportableSegmentRevenue01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:FourReportableSegmentRevenue02Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentResults01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentResults02Member MAHINDCIE2019-07-012019-09-30in-bse-fin:FourReportableSegmentResults01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:FourReportableSegmentResults02Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentAssets01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentAssets02Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2019-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2019-07-012019-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2019-09-30in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MAHINDCIE 2019-01-01 2019-12-31 2019-09-30 INR Millions Third quarter Geographical 2019-07-01 2019-09-30 Unaudited Consolidated 18685020000.00 41619000.00 18726639000.00 8567873000.00 0.00 576729000.00 3038822000.00 198310000.00 788604000.00 4409340000.00 17579678000.00 1146961000.00 51040000.00 1198001000.00 521592000.00 64661000.00 586253000.00 0.00 611748000.00 0.00 0.00 0.00 0.00 611748000.00 -140000000.00 471748000.00 0.00 0.00 3790100000.00 10 1.61 1.61 0.00 0.00 1.61 1.61 2 In Sept 18, BOD decided to dispose off the forging business in the UK, corresponding to the company Stokes Group. Due to that decision, the company has discontinued the operations of Stokes Group, classifying them as a disposal group, and reclassifying the profit and loss account of the Company to results from discontinued operations in its consolidated result. n n4 Exceptional items relating to the statement of standalone and consolidated unaudited results for the quarter and nine months ended September 30, 2019: na. Bill Forge Private Limited (BFPL) entered into settlement agreement dated August 21, 2019 with Donald J. Ulrich Associates, Inc. (DJU) (a former Independent sales agent of BFPL) to pay USD 3 million in full settlement against the damages claimed of USD 10 million. Hence, excess provision amounting to USD 7 million (INR 473 million) was reversed during the quarter. nb. Provision for impairment of investment in Sai Wardha Power Generation Limited, amounting to INR 49 million during the quarter. The Company did not anticipate any amount to be recovered from this investment. Hence, the Company had recognised full impairment loss on the said investment. nc. Provision against levy of cross subsidy charges and additional surcharge by Maharashtra State Electricity Distribution Company Limited amounting to INR 100 million during the quarter on account of power consumption from non-captive generating plant. nd. Provision recognised for Provident Fund liability basis Supreme Court judgement in ‘Regional provident fund commissioner (II) West Bengal vs Vivekananda Vidyamandir and Others' amounting to INR 120 million and INR 145 million respectively in the standalone unaudited results and consolidated unaudited results respectively. ne. Provision made for expenses pertaining to employees of Bill Forge Private Limited under The Voluntary Retirement Scheme amounting to INR 128 million. n n6 The Board of Directors of the Company at its meeting held on September 25, 2018, approved the scheme of merger between Bill Forge Private Limited, wholly owned subsidiary, and the Company. The scheme of merger was filed with the National Company Law Tribunal (NCLT) on October 29, 2018. The scheme of merger has been approved by Hon’ble NCLT, Bengaluru on September 6, 2019 and the Order has been filed with Registrar of Companies, Karnataka on October 3, 2019. The petition for the scheme of merger with Hon’ble NCLT, Mumbai was heard on September 20, 2019. Impact of this merger will be given once the scheme is approved by the NCLT, Mumbai and filed with Registrar of Companies. n n7 On April 9, 2019 (the Acquisition date), the company has acquired 100% equity of AELfor a purchase consideration of INR 8,759 million. Given that the acquisition has recently been completed, the purchase price has been allocated to assets and liabilities on a provisional basis as per Ind AS 103- Business Combinations. Accordingly provisional goodwill amounting to INR 6,750 million (As at September 30, 2019 : INR 6,761 million) has been recognised in the consolidated balance sheet as at the acquisition date. n n10 The consol results for the quarter and nine months ended September 30, 2018 have been approved by the BOD, but have not been subjected to review / audit by the auditors. n n11 The Company elected to exercise the option under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019. Accordingly, the Company has re-measured it's opening Deferred Tax Liability as on April 1, 2019 and recognised Provision for Income Tax for the quarter ended September 30, 2019 at the revised ‘effective’ annual tax rate to it's interim pre-tax profits. 2019-01-01 2019-09-30 Unaudited Consolidated 61848861000.00 267710000.00 62116571000.00 28948947000.00 0.00 405384000.00 10246157000.00 416649000.00 2373019000.00 14713991000.00 57104147000.00 5012424000.00 51040000.00 5063464000.00 1581042000.00 70602000.00 1651644000.00 0.00 3411820000.00 -13030000.00 0.00 -13030000.00 0.00 3398790000.00 -643530000.00 2755260000.00 0.00 0.00 3790100000.00 10 9.01 9.00 -0.03 -0.03 8.98 8.97 Other expenses 4409340000.00 Other expenses 14713991000.00 Europe 9559860000.00 India 9190260000.00 Europe 34618900000.00 India 27449100000.00 18750120000.00 62068000000.00 65100000.00 219140000.00 18685020000.00 61848860000.00 Europe 717870000.00 India 678450000.00 Europe 3014270000.00 India 2465850000.00 1396320000.00 5480120000.00 198310000.00 416660000.00 1198010000.00 5063460000.00 Europe 40393630000.00 India 47299370000.00 87693000000.00 Europe 26028180000.00 India 16302180000.00 42330360000.00 0.00 42330360000.00 1 Segment information is exclusive of Discontinued operations n n2 India includes Mexico operations which are currently not significant