MAHINDCIE2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MAHINDCIE 2020-01-01 2020-12-31 2020-12-31 INR Millions Yearly true Cash Flow Indirect Single segment Automotive 2020-10-01 2020-12-31 Audited Standalone 7565090000.00 36840000.00 7601930000.00 3689480000.00 0.00 -157260000.00 1038950000.00 45810000.00 298310000.00 1889070000.00 6804360000.00 797570000.00 0.00 797570000.00 -111450000.00 310860000.00 199410000.00 0.00 598160000.00 0.00 0.00 0.00 0.00 598160000.00 -17555000.00 580605000.00 0.00 0.00 3790110000.00 10 1.58 1.58 0.00 0.00 1.58 1.58 1. The statement has been prepared in accordance with the Rules prescribed under S 133 of the CA 2013 and other recognized accounting practices and policies to the extent applicable. 3. For certain plants and machineries, the management, based on a detailed technical assessment, has changed the depreciation method to unit of production method. By using the units of production method, annual depreciation charges adapt to changes in production levels, on the understanding that this best reflects the expected pattern of consumption of the future economic benefits embodied by the assets. Units of production method of depreciation is calculated for these categories of plant, machinery, based on the actual production levels attained by the assets and their residual value. Under normal production circumstances, depreciation under both the methods would be similar. The change has been made effective Jan 1, 2020. The depreciation charged for the year ended Dec 31, 2020 is lower by Rs. 204 Mio and Rs. 497 Mio in the standalone and consolidated results respectively. Impact in future will depend on actual production levels and therefore cannot be estimated. 4. The company has adopted Ind AS 116 Leases effective Jan 1, 2020 (transition date), which applies to all lease contracts existing on transition date using the simplified approach. On the transition date, the adoption of the new standard resulted in recognition of Right-of-Use (RoU) of Rs. 1,178 Mio and Rs. 3,173 Mio and corresponding lease liability in the standalone and consolidated books of accounts respectively. The effect of this adoption on the profit for the period and the earnings per share is not significant and has been appropriately dealt in these results. 6. The GOI has proposed changes in the Income Tax Act in the Union Budget 2021. The management is in the process of evaluating the impact of these proposed changes on the standalone and consolidated results of the Company. As per Ind AS 10 Events after the Reporting Period , changes in tax rates or tax laws enacted or announced after the reporting period that have a significant effect on current and deferred tax assets and liabilities, are considered as non-adjusting events. Hence, the impact due to such change is not given in the standalone and consolidated results for the quarter and year ended Dec 31, 2020. 7 Exceptional Items [Since in xml format the table is not visible, kindly refer the detailed results submitted to the Stock Exchanges for details of exceptional items]. 8. During the year 2019, Bill Forge Private Limited was amalgamated with the Company with an appointed date of Apr 1, 2018 under a Scheme of Amalgamation approved by the Hon'ble NCLT Mumbai vide order dated November 4, 2019 and effective date Nov 15, 2019 (being the date of filing of the Order with Registrar of Companies). Hence, the impact of amalgamation in the financial results was taken from the appointed date as per the approved scheme of merger i.e. Apr 1, 2018. 10. The spread of Covid-19 had severely impacted businesses globally, including India especially during Q2 20 due to lockdown restrictions. The Group resumed its operations in a phased manner as and when lockdown restrictions were relaxed. In subsequent months, the Group witnessed an upside in demand resulting in increase in revenue as is evident from the quarterly results of the Group. The operations have been stabilised since Jul 2020 and are now almost back to pre covid levels. Considering the above, the management does not envisage any significant impact due to Covid-19 in the foreseeable future. 11. The figures for the quarter ended Dec 31, 2020 and Dec 31, 2019 are the derived figures between the audited figures for the year ended Dec 31, 2020 and Dec 31, 2019 and the published reviewed figures of Sept 30, 2020 and Sept 30, 2019 respectively. 14. Previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period classification. Single segment 2020-01-01 2020-12-31 Audited Standalone 21447980000.00 197270000.00 21645250000.00 10186290000.00 0.00 -148640000.00 3711650000.00 118900000.00 1084440000.00 5677510000.00 20630150000.00 1015100000.00 0.00 1015100000.00 -86010000.00 361050000.00 275040000.00 0.00 740060000.00 0.00 0.00 0.00 0.00 740060000.00 -17555000.00 722505000.00 0.00 0.00 3790110000.00 10 45290000000.00 1.95 1.95 0.00 0.00 1.95 1.95 Other Expenses 1889070000.00 Other Expenses 5677510000.00 118900000.00 -478000000.00 1127100000.00 0.00 -4100000.00 0.00 0.00 -623000000.00 0.00 0.00 0.00 947390000.00 53590000.00 1084440000.00 0.00 -12000000.00 -41000000.00 0.00 0.00 1610000.00 0.00 0.00 0.00 -46000000.00 0.00 0.00 0.00 9000000.00 0.00 2137930000.00 3153030000.00 0.00 0.00 -32760000.00 36000000.00 0.00 3084270000.00 0.00 0.00 0.00 0.00 -7000000.00 0.00 0.00 0.00 0.00 0.00 25000000.00 1217000000.00 0.00 0.00 0.00 0.00 0.00 1358000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32760000.00 0.00 0.00 0.00 -2524240000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44000000.00 0.00 92590000.00 0.00 118900000.00 0.00 0.00 -255490000.00 304540000.00 0.00 304540000.00 365770000.00 670310000.00