MAHINDCIE2021-07-012021-09-30in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:FourOperatingExpenses01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentRevenue01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentRevenue02Member MAHINDCIE2021-07-012021-09-30in-bse-fin:FourReportableSegmentRevenue01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:FourReportableSegmentRevenue02Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentResults01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentResults02Member MAHINDCIE2021-07-012021-09-30in-bse-fin:FourReportableSegmentResults01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:FourReportableSegmentResults02Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentAssets01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentAssets02Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2021-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2021-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2021-07-012021-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member MAHINDCIE2021-07-012021-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MAHINDCIE 2021-01-01 2021-12-31 2021-09-30 INR Millions Third quarter Geographical 2021-07-01 2021-09-30 Unaudited Consolidated 20906877000.00 74057000.00 20980934000.00 11042652000.00 0.00 -1016578000.00 3231194000.00 133084000.00 834727000.00 4964549000.00 19189628000.00 1791306000.00 0.00 1791306000.00 99500000.00 27653000.00 127153000.00 0.00 1664153000.00 -920000.00 0.00 -920000.00 0.00 1663233000.00 -466860000.00 1196373000.00 0.00 0.00 0.00 0.00 3790510000.00 10 4.39 4.39 0.00 0.00 4.39 4.39 Notes 1) 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. 2) 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 Oct 14, 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). 3) 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 Mio 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 nine months ended September 30, 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. 4) The Company has considered the possible effects that may result from the COVID-19 pandemic and has also taken into account external and internal information for assessing the possible impact of COVID-19 in the preparation of the financial results including the recoverability of carrying amounts of financial and non-financial assets and has concluded that there are no material adjustments required in the financial results. However, given the uncertainties associated with its nature and duration COVID 19 situation continues to evolve, the Company will continue to closely monitor the implications arising out of COVID-19 for any material changes to the future economic conditions which may have an impact on the operations of the Company. 5) 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. 6) The consolidated net profit of the Company also includes net profit of it's associate companies which is not material. 7) Previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period classification. Geographical 2021-01-01 2021-09-30 Unaudited Consolidated 63225640000.00 383260000.00 63608900000.00 32058580000.00 0.00 -2557670000.00 10462220000.00 405720000.00 2603590000.00 15111131000.00 58083571000.00 5525329000.00 0.00 5525329000.00 1135370000.00 1262880000.00 2398250000.00 0.00 3127079000.00 -920000.00 0.00 -920000.00 0.00 3126159000.00 -714520000.00 2411639000.00 0.00 0.00 0.00 0.00 3790510000.00 10 8.25 8.25 0.00 0.00 8.25 8.25 Other Expenses 4964549000.00 Other Expenses 15111131000.00 Europe 9511680000.00 India 11573630000.00 Europe 31342560000.00 India 32385920000.00 21085310000.00 63728480000.00 178420000.00 502830000.00 20906890000.00 63225650000.00 Europe 767450000.00 India 1156940000.00 Europe 2833580000.00 India 3097470000.00 1924390000.00 5931050000.00 133084000.00 405720000.00 1. Segment information is exclusive of Discontinued operations. 2. India includes Mexico operation. 1791306000.00 5525330000.00 Europe 45769330000.00 India 53846360000.00 99615690000.00 Europe 27622080000.00 India 20503800000.00 48125880000.00 0.00 48125880000.00