5327562022-04-012022-06-305327562022-06-305327562021-12-315327562022-01-012022-06-305327562022-04-012022-06-30in-bse-fin:OtherExpenses1Member5327562022-01-012022-06-30in-bse-fin:OtherExpenses1Memberiso4217:INRiso4217:INRxbrli:shares532756MAHINDCIENOTLISTEDINE536H01010MAHINDRA CIE AUTOMOTIVE LIMITEDEquity2022-01-012022-12-312022-07-222022-06-28INRMillionsHalf yearlySingle segmentAutomotive2022-07-2216:00:002022-07-2218:00:00trueCash Flow IndirectNot applicable2022-04-012022-06-30UnauditedStandalone1085992000094180000109541000006104760000093700009686500002037000032477000022354000009663320000129078000001290780000320530000-4000032049000009702900000000970290000-750000969540000003791340000102.5592.559002.5592.5592022-01-012022-06-30UnauditedStandalone20784820000103175000021816570000113938000000158540000193009000055420000634310000437796000018550120000326645000003266450000580420000288300006092500000265720000000002657200000-7500002656450000003791340000107.0087.007007.0087.007Other expenses2235400000Other expenses43779600001248940000021282000001016705000023230000000172677600000018368000017451440000388240000183130000409153100004629890000120050000842848000060842000011799000064960000199000093418900006766100001464839000000555637000003791340000384371700004222851000042228510000003824400003824400003946200002919850000003696910000118821000060762400009477000073592200001349000000778280000151780000096382800000013335190000555637000001.The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. <BR> 2.The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on July 22, 2022. The results are subjected to Limited Review by the auditors of the Company in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR). <BR> 3.Exceptional Items pertains to onetime payment made to employees opting for early retirement under the Voluntary Retirement Scheme declared in December 2021 in Stampings Division. <BR> 4.The Finance Act, 2021 has introduced an amendment to section 32 of the Income Tax Act, 1961, whereby Goodwill of a business will not be considered as a depreciable asset and depreciation on goodwill will not be allowed as deductible expenditure effective April 1, 2020. <BR> In accordance with the requirements of Ind AS 12 - Income Taxes, the Company has recognised tax expense amounting to INR. 1,425 million in the quarter ended March 31, 2021 as the outcome on the difference between Goodwill as per the books of account and its updated tax base of NIL resulting from the aforementioned amendment, in addition to the current tax expense debited to the statement of profit and loss. This deferred tax liability is not expected to be a cash outflow in the future and its reversal is deemed unlikely as the value of its associated goodwill is expected by value in use. <BR> 5.Other income in standalone financial results for half year ended June 30, 2022 includes dividend income from subsidiary of INR 910 million. (March 31, 2022 Quarter-INR 859 million and June 30, 2022 Quarter- INR 51 million) <BR> 6.Previous period figures have been regrouped/reclassified, wherever necessary to conform to the recent changes in Schedule III of the Companies Act 2013. <BR> 55420000-398100003490000-39407100004053200000000296160000000002138000002507600000-1366000000610000000006368700000-2318680000947770000-9235200000-383400005877700000-6018600000123000000039075700000097900000001141080000000000000000117990000017062000000038340000001617670000008820000000000635190000042620000379500005542000000-762360000253450000025345000035497000060842000010000001000000-250000-250000