MAHINDCIE2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentRevenue02Member MAHINDCIE2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:FourReportableSegmentRevenue02Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentResults02Member MAHINDCIE2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:FourReportableSegmentResults02Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentAssets02Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2020-12-31in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2020-10-012020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2020-12-31in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MAHINDCIE 2020-01-01 2020-12-31 2020-12-31 INR Millions Yearly true Cash Flow Indirect Geographical 2020-10-01 2020-12-31 Audited Consolidated 19576350000.00 74490000.00 19650840000.00 9188510000.00 0.00 -199790000.00 3383850000.00 56720000.00 881950000.00 4728430000.00 18039670000.00 1611170000.00 0.00 1611170000.00 -70960000.00 563470000.00 492510000.00 0.00 1118660000.00 -2000000.00 0.00 -2000000.00 0.00 1116660000.00 515000000.00 1631660000.00 0.00 0.00 3790110000.00 10 2.95 2.95 -0.01 -0.01 2.94 2.94 2. In Sept18, the Board of Directors of the Company decided to dispose off the forging business in the UK, corresponding to the company Stokes Group Limited. Due to that decision, the Company has discontinued the operations of SGL, 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. 3. For certain plants and machineries, the management, based on a detailed technical assessment, has changed the depreciation method to unit of production method. The depreciation charged for the year ended Dec20 is lower by Rs204 Mio and Rs497 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 AS116 effective Jan1,20 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 of Rs1,178Mio and Rs3,173Mio 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. 5. Pursuant to receipt of eligibility certificate under Maharashtra Govt Package Scheme of Incentives13 by the Company's wholly owned subsidiary, AEL, the Group has recognised grant income of Rs11 Mio and Rs145 Mio for the quarter and year ended Dec20 respectively (Rs12 Mio for the quarter ended Sept20) in accordance with requirements of Ind AS20 Accounting for Govt Grants and Disclosure of Govt Assistance. This incentive is in the form of refund from the Govt of Maharashtra on actual VAT/SGST paid by the company from the period Feb16 to Mar23 (7 Years) with a maximum limit of Rs2,522 Mio 6. The GOI has proposed changes in the Income Tax Act in the Union Budget21. 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 AS10 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 Dec20. 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] 9. The Company acquired AEL on 9Apr19. Hence, the consolidated numbers for year ended Dec 19 includes amounts of AEL from 9Apr19. Accordingly, the consolidated numbers for the year ended Dec 20 are not comparable to the year ended Dec19. 10. The spread of Covid-19 had severely impacted businesses globally, including India especially during Q220 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 July20 and are now almost back to pre covid levels. the management does not envisage any significant impact due to Covid-19 in the foreseeable future. 11. The figures for the quarter ended Dec20 and Dec19 are the derived figures between the audited figures for the year ended Dec20 and Dec19 and the published reviewed figures of Sept20 and Sept19 respectively. 13. The consolidated net profit of the company also includes its respective share in the net profit of its associate companies which is not material and hence, not disclosed separately. Geographical 2020-01-01 2020-12-31 Audited Consolidated 60501110000.00 548900000.00 61050010000.00 26790780000.00 0.00 1272190000.00 12617780000.00 548460000.00 3064030000.00 14804020000.00 59097260000.00 1952750000.00 0.00 1952750000.00 456520000.00 429920000.00 886440000.00 0.00 1066310000.00 -2000000.00 0.00 -2000000.00 0.00 1064310000.00 1679000000.00 2743310000.00 0.00 0.00 3790110000.00 10 45290000000.00 2.81 2.81 -0.01 -0.01 2.80 2.80 Other expenses 4728430000.00 Other expenses 14804020000.00 Europe 9304950000.00 India 10384400000.00 Europe 31200130000.00 India 29704300000.00 19689350000.00 60904430000.00 113000000.00 403320000.00 19576350000.00 60501110000.00 Europe 636980000.00 India 1030910000.00 Europe 924020000.00 India 1577190000.00 1667890000.00 2501210000.00 56720000.00 548460000.00 1611170000.00 1952750000.00 Europe 45478750000.00 India 49618630000.00 95097380000.00 Europe 28695220000.00 India 17321360000.00 46016580000.00 547860000.00 1341970000.00 227050000.00 0.00 -14720000.00 0.00 0.00 0.00 0.00 0.00 0.00 -807670000.00 0.00 3064230000.00 0.00 130070000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -46000000.00 0.00 0.00 -181210000.00 -7000000.00 0.00 4254580000.00 6207330000.00 0.00 0.00 -59000000.00 502650000.00 -251880000.00 5393800000.00 0.00 7000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3343020000.00 327040000.00 0.00 0.00 0.00 0.00 0.00 0.00 1375880000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 59000000.00 0.00 46000000.00 0.00 -4293860000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -506180000.00 0.00 338370000.00 0.00 547860000.00 0.00 0.00 -380050000.00 719890000.00 76940000.00 796830000.00 1589470000.00 2386300000.00