5327562022-07-012022-09-305327562022-01-012022-09-305327562022-07-012022-09-30in-bse-fin:OtherExpenses1Member5327562022-01-012022-09-30in-bse-fin:OtherExpenses1Member5327562022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15327562022-01-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares532756MAHINDCIENOTLISTEDINE536H01010MAHINDRA CIE AUTOMOTIVE LIMITEDEquity2022-01-012022-12-312022-10-182022-09-29INRMillionsThird quarterSingle segmentAutomotive2022-10-1815:30:002022-10-1817:00:00Not applicable2022-07-012022-09-30UnauditedStandalone12083910000458800001212979000069796300000-144150000103264000033830000342660000253460000010779210000135058000001350580000368540000-217400003468000000100378000000001003780000-7500001003030000003793174000102.652.65002.652.651.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 18 October, 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 year ended 31 December, 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 nine month ended 30 September, 2022 includes dividend income from subsidiary of INR 910 million. (30 September, 2022 Quarter- Nil,31 March, 2022 Quarter-INR 859 million and 30 June, 2022 Quarter- INR 51 million) <BR> 6.On 22nd July 2022, the Board of Directors accorded their consent for transfer of a portion of the freehold land situated in Kanhe, Pune which is currently leased to other entities. The carrying value of said asset of INR 8.3 million has been classified as "Asset held for sale". The transaction is expected to be completed in the next 12 months.2022-01-012022-09-30UnauditedStandalone328687300001077630000339463600001837343000001439000029627300008925000097697000069125600002932933000046170300000461703000094896000070900009560500000366098000000003660980000-15000003659480000003793174000109.669.66009.669.66Other expenses2534600000Other expenses6912560000Items that will not be reclassified to profit or loss-1000000-1000000Items that will not be reclassified to profit or loss-2000000-2000000-250000-500000