MAHINDCIE2022-10-012022-12-31 MAHINDCIE2022-10-012022-12-31 MAHINDCIE2022-10-012022-12-31in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourOperatingExpenses01Member MAHINDCIE2022-12-31 MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentRevenue01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentRevenue02Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourReportableSegmentRevenue01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourReportableSegmentRevenue02Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentResults01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentResults02Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourReportableSegmentResults01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourReportableSegmentResults02Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentAssets01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentAssets02Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2022-12-31in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2022-12-31in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member MAHINDCIE2022-10-012022-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532756 MAHINDCIE NOTLISTED Mahindra CIE Automotive Limited Equity 2022-01-01 2022-12-31 2023-02-22 2023-02-07 INR Millions Yearly 16:30:00 19:05:00 2023-02-22 2023-02-22 true Cash Flow Indirect Declaration of unmodified opinion Geographical 2022-10-01 2022-12-31 Audited Consolidated 22468355000.00 243946000.00 22712301000.00 12160319000.00 0.00 -247594000.00 2364828000.00 79278000.00 767262000.00 5266911000.00 20391004000.00 2321297000.00 382570000.00 2703867000.00 530335000.00 225203000.00 755538000.00 0.00 1948329000.00 764659000.00 57400000.00 707259000.00 -9233700000.00 -6578112000.00 2521765000.00 -4056347000.00 0.00 0.00 0.00 0.00 3793180000.00 10 5.14 5.14 -22.49 -22.49 -17.36 -17.35 2.In Sep 18, the Board decided to dispose off the forging business in the UK, corresponding to the company Stokes Group Ltd. Due to that decision, the Company has discontinued the operations of Stokes Group Ltd, classifying them as a disposal group, and reclassifying the P&L account of the Company to results from discontinued operations in its consolidated result. 3.The Board on 14 Dec 22, took note of the proposal approved by CIE Galfor, S.A.U. to launch an active program to locate a buyer for the German Forging Operations comprising of CIE Forgings Germany and its subsidiaries. In accordance with the applicable AS, considering Galfor’s decision to launch the program, all the German Forging Operation’s “assets and liabilities” have been categorised as assets & liabilities held for sale. Brief details of discontinuing operations are as given under: Qtr Ended Yr ended Particulars 31 Dec 22 30 Sept 22 31 Dec 21 31 Dec 22 31 Dec 21 [Refer Note 8] Unaudited [Refer Note 8] Audited Audited I. Total income 4,750.95 4,941.51 3,958.98 20,139.17 16,303.20 II. Total Exp 3,986.29 4,901.27 3,931.94 19,308.34 16,342.26 III. Profit/(loss) before 764.66 40.24 27.04 830.83 (39.06) tax (I-II) IV. Loss on fair (9,233.70) - - (9,233.70) - valuation of assets & liabilities of disposal group V. Tax exp 57.40 2.40 (3.96) 72.27 (9.21) VI. Profit / (loss) from discontinued operations (III+IV+V-VI) (8,526.44) 37.84 31.00 (8,475.14) (29.85) During the quarter ended 31 Dec 22, the Company has recognised a loss on fair valuation of disposal group of INR 9,234 mio (including INR 9,162 Mio relating to goodwill). As on 31 Dec 22, the consolidated financial results have foreign currency translation reserve (FCTR) (under other equity) pertaining to the disposal group amounting to INR 1,975 Mio (including INR 3,132 Mio in relation to translation to goodwill), which will be credited to Statement of P&L at the time of actual disposal, as per the Ind AS. FCTR is created by translation of disposal group results and financial position from foreign currency to INR as per applicable Ind AS and is accumulated in FCTR until actual disposal. Subsequent fluctuation in exchange rate until disposal will also be accumulated under FCTR. 6.The subsidiaries and associate companies forming part of consolidated financial results of Company are listed in Anx A. 7.The Finance Act, 2021 has introduced an amendment to S. 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 Apr 1, 20. 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 quarter ended 31 Mar 21 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. Geographical 2022-01-01 2022-12-31 Audited Consolidated 87530370000.00 582880000.00 88113250000.00 48606530000.00 0.00 -846620000.00 9022070000.00 227110000.00 2962230000.00 19028320000.00 78999640000.00 9113610000.00 400730000.00 9514340000.00 2190150000.00 210710000.00 2400860000.00 0.00 7113480000.00 830833000.00 72270000.00 758563000.00 -9233700000.00 -1361657000.00 1325725000.00 -35932000.00 0.00 0.00 0.00 0.00 3793180000.00 10 47191667000.00 18.76 18.76 -22.35 -22.35 -3.59 -3.59 Other Expenses 5266911000.00 Other Expenses 19028320000.00 27137220000.00 1194721000.00 0.00 28039523000.00 290130000.00 310433000.00 11000000.00 1687180000.00 218820000.00 1917000000.00 478050000.00 693338000.00 60060415000.00 12108044000.00 5435038000.00 8607540000.00 712943000.00 146210000.00 54600000.00 916530000.00 15872861000.00 590000.00 1452830000.00 29434325000.00 9787820000.00 99282560000.00 3793180000.00 47191667000.00 50984847000.00 50984847000.00 1188290000.00 425060000.00 1613350000.00 1008000000.00 3284500000.00 1214950000.00 7120800000.00 8045210000.00 21349880000.00 962190000.00 30357280000.00 2489260000.00 545390000.00 604620000.00 33996550000.00 7180363000.00 48297713000.00 99282560000.00 Eurpoe 13231088000.00 India 14068616000.00 Eurpoe 51343115000.00 India 56325954000.00 27299704000.00 107669069000.00 27299704000.00 107669069000.00 Eurpoe 1680396000.00 India 1946901000.00 Eurpoe 4449883000.00 India 6349020000.00 3627297000.00 10798903000.00 158778000.00 454000000.00 764659000.00 830833000.00 2703860000.00 9514070000.00 Eurpoe 39804820000.00 India 59477730000.00 99282550000.00 0.00 99282550000.00 Eurpoe 26402490000.00 India 21895210000.00 48297700000.00 0.00 48297700000.00 453940000.00 -1801320000.00 -7920000.00 -2840986000.00 10000000.00 -147380000.00 -406250000.00 0.00 0.00 4270322000.00 0.00 -72110000.00 484000000.00 3537340000.00 0.00 24360000.00 0.00 0.00 0.00 -218000000.00 0.00 129690000.00 81000000.00 -27700000.00 22060000.00 0.00 -369310000.00 9233697000.00 -8402874000.00 3649059000.00 13163399000.00 0.00 0.00 0.00 1981000000.00 0.00 11182399000.00 0.00 0.00 0.00 1273340000.00 0.00 0.00 0.00 53260000.00 580490000.00 5014110000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 921810000.00 0.00 0.00 0.00 0.00 129690000.00 0.00 -146000000.00 300000000.00 -6398340000.00 0.00 0.00 35540000.00 0.00 0.00 0.00 0.00 0.00 880842000.00 3935842000.00 378300000.00 531350000.00 947900000.00 0.00 0.00 0.00 -4877010000.00 -92951000.00 30000000.00 -62951000.00 1646739000.00 1583788000.00 Amount of items that will not be reclassified to profit and loss 547900000.00 Amount of items that will not be reclassified to profit and loss 545900000.00 547900000.00 545900000.00 176705000.00 176205000.00 Amount of items that will be reclassified to profit and loss 2150570000.00 Amount of items that will be reclassified to profit and loss 956030000.00 2150570000.00 956030000.00 0.00 0.00