MAHINDCIE2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MAHINDCIE 2021-01-01 2021-12-31 2021-12-22 INR Millions Yearly true Cash Flow Indirect Single segment AUTOMOTIVE 2021-10-01 2021-12-31 Audited Standalone 8407630000.00 56470000.00 8464100000.00 4383270000.00 0.00 168180000.00 1076150000.00 38260000.00 299440000.00 1789050000.00 7754350000.00 709750000.00 -127500000.00 582250000.00 208000000.00 -56630000.00 151370000.00 0.00 430880000.00 0.00 0.00 0.00 0.00 430880000.00 -48150000.00 382730000.00 0.00 0.00 3790760000.00 10 1.14 1.14 0.00 0.00 1.14 1.14 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) In September 2018, the Board of Directors of Mahindra CIE Automotive Limited decided to dispose off the forging business in the United Kingdom, corresponding to the company Stokes Group Limited. Due to that decision, the Company has discontinued the operations of Stokes Group Limited, 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) 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 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. 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) 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.5) 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 information including the recoverability of carrying amounts of financial and non-financial assets.6) The figures for the quarter ended December 31, 2021 and December 31, 2020 are the derived figures between the audited figures for the year ended December 31, 2021 and December 31, 2020 and the published reviewed figures of September 30, 2021 and September 30, 2020 respectively.7) The Board of Directors of company at their meeting held on February 22, 2022 recommended final dividend of Rs. 2.50 per Equity Share of Rs. 10 each fully paid up for financial year 2021.8) The subsidiaries and associate companies forming part of consolidated financial results of Mahindra CIE Automotive Limited (MCIE) are listed in Annexure A annexed with PDF copy of statement filed with Stock Exchanges.9) Previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period classification.10) 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 February 22, 2022. Single segment 2021-01-01 2021-12-31 Audited Standalone 32906230000.00 175100000.00 33081330000.00 17411530000.00 0.00 -780100000.00 4435250000.00 122160000.00 1193370000.00 7553220000.00 29935430000.00 3145900000.00 -127500000.00 3018400000.00 668200000.00 1246830000.00 1915030000.00 0.00 1103370000.00 0.00 0.00 0.00 0.00 1103370000.00 -48150000.00 1055220000.00 0.00 0.00 3790760000.00 10 36712440000.00 2.91 2.91 0.00 0.00 2.91 2.91 Other expenses 1789050000.00 Other expenses 7553220000.00 122160000.00 -1297030000.00 -1800000.00 -388180000.00 -66240000.00 -13000000.00 0.00 0.00 0.00 953410000.00 0.00 -398820000.00 0.00 1193370000.00 0.00 7000000.00 127500000.00 8550000.00 0.00 0.00 0.00 44410000.00 21000000.00 -22780000.00 0.00 0.00 0.00 0.00 0.00 200730000.00 3219130000.00 0.00 0.00 0.00 467500000.00 0.00 2751630000.00 0.00 145540000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2097440000.00 190230000.00 1740680000.00 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 44410000.00 0.00 0.00 0.00 -3749020000.00 0.00 0.00 9710000.00 0.00 0.00 0.00 0.00 0.00 895500000.00 0.00 46940000.00 101220000.00 0.00 75000000.00 0.00 0.00 682050000.00 -315340000.00 0.00 -315340000.00 670310000.00 354970000.00