MAHINDCIE2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2021-04-012021-06-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MAHINDCIE 2021-01-01 2021-12-31 2021-06-30 INR Millions Half yearly true Cash Flow Indirect Single segment Automotive 2021-04-01 2021-06-30 Unaudited Standalone 7179790000.00 57250000.00 7237040000.00 3775510000.00 0.00 -324880000.00 1101020000.00 20970000.00 293170000.00 1760910000.00 6626700000.00 610340000.00 0.00 610340000.00 158140000.00 -1210000.00 156930000.00 0.00 453410000.00 0.00 0.00 0.00 0.00 453410000.00 0.00 453410000.00 0.00 0.00 3790320000.00 10 1.20 1.20 0.00 0.00 1.20 1.20 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. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on July 21, 2021. 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). 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. In accordance with the requirements of Ind AS 12 - Income Taxes, the Company has recognised one time tax expense amounting to Rs. 1,425 million 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 for the quarter ended March 31, 2021. 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. Considering the surge of COVID 19 cases in India during April and May, 2021, certain states imposed lockdown restrictions, which have impacted the operations and sales of the Group in India marginally. In preparation of these financial results, the Company has taken into account both the current situation and the likely future developments and has considered internal and external sources of information to arrive at its assessment. However, given the uncertainties associated with its nature and duration COVID 19 situation continues to evolve, the impact assessment of COVID 19 is a continuous process. Hence, the management will continue to monitor any material changes to the future economic conditions which may have an impact on the operations of the Group. The subsidiaries and associate companies forming part of consolidated financial results of Mahindra CIE Automotive Limited (MCIE) are listed in Annexure A annexed herewith the statement. The consolidated net profit of the Company also includes net profit of it's associate companies which is not material. Previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period classification. Single segment 2021-01-01 2021-06-30 Unaudited Standalone 15708940000.00 84170000.00 15793110000.00 8160860000.00 0.00 -507370000.00 2218280000.00 53280000.00 584060000.00 3778820000.00 14287930000.00 1505180000.00 0.00 1505180000.00 516740000.00 1296010000.00 1812750000.00 0.00 -307570000.00 0.00 0.00 0.00 0.00 -307570000.00 0.00 -307570000.00 0.00 0.00 3790320000.00 10 -0.81 -0.81 0.00 0.00 -0.81 -0.81 Other Expenses 1760910000.00 Other Expenses 3778820000.00 53280000.00 -792990000.00 0.00 0.00 0.00 -94690000.00 0.00 0.00 0.00 -1347180000.00 -507630000.00 0.00 163224000.00 584060000.00 0.00 34310000.00 -2600000.00 0.00 0.00 -3454000.00 0.00 23580000.00 0.00 0.00 0.00 -1860000.00 0.00 0.00 0.00 -1939110000.00 -433930000.00 0.00 0.00 0.00 298250000.00 0.00 -732180000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 71590000.00 0.00 1057860000.00 1365050000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23580000.00 0.00 0.00 0.00 259180000.00 0.00 0.00 0.00 3150000.00 0.00 0.00 0.00 0.00 221610000.00 0.00 0.00 60470000.00 0.00 53280000.00 0.00 0.00 111010000.00 -361990000.00 0.00 -361990000.00 670200000.00 308210000.00