MAHINDCIE2023-01-012023-03-31 MAHINDCIE2023-01-012023-03-31in-bse-fin:OneOperatingExpenses01Member MAHINDCIE2023-03-31 MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue01Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentRevenue02Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults01Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentResults02Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets01Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentAssets02Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2023-03-31in-bse-fin:OneReportableSegmentLiabilities01Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2023-03-31in-bse-fin:OneReportableSegmentLiabilities02Member MAHINDCIE2023-01-012023-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532756 MAHINDCIE NOTLISTED Mahindra CIE Automotive Limited Equity 2023-01-01 2023-12-31 2023-04-25 2023-03-28 INR Millions First quarter 16:30:00 17:50:00 2023-04-25 2023-04-25 Not applicable Geographical 2023-01-01 2023-03-31 Unaudited Consolidated 24402030000.00 159590000.00 24561620000.00 12454880000.00 0.00 483200000.00 2599060000.00 239680000.00 825090000.00 5058430000.00 21660340000.00 2901280000.00 0.00 2901280000.00 669760000.00 31850000.00 701610000.00 0.00 2199670000.00 739650000.00 151100000.00 588550000.00 3000000.00 2791220000.00 214630000.00 3005850000.00 3005855000.00 0.00 3793620000.00 10 5.80 5.80 1.56 1.56 7.36 7.36 2.In Sep 2018, the Board of the company decided to dispose off the forging business in the UK, corresponding to the company Stokes Group Limited (SGL). Due to that decision, the Company has discontinued the operations of SGL, classifying them as a disposal group, and reclassifying the P & L A/c of the Company to results from discontinued operations in its consolidated result. 3.The Board, in its meeting held on 14th Dec, 2022, took note of the proposal approved by CIE Galfor, S.A.U. (Galfor) to launch an active program to locate a buyer for the German Forging Operations comprising of CIE Forgings Germany GmbH 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 and liabilities held for sale. Brief details of the discontinuing operations are as given under: Particulars 31 Mar 23 31 Dec 22 31 Mar 22 31 Dec 22 Unaudited (Ref Note 8) Unaudited Audited I. Total income 5,575.20 4,750.95 5,275.47 20,139.17 II. Total Expenses 4,835.55 3,986.29 5,304.34 19,308.34 III. Profit/(loss) 739.65 764.66 (28.87) 830.83 before tax (I-II) IV. Loss on fair - (9,233.70) - (9,233.70) valuation of assets and liabilities of disposal group V. Tax expense 151.10 57.40 (0.42) 72.27 VI. Profit / (loss) 588.55 (8,526.44) (28.45) (8,475.14) from discontinued operations (III+IV+V-VI) During the quarter ended 31 Dec 2022, the Company has recognised a loss on fair valuation of disposal group of INR 9,234 million (including INR 9,162 million relating to goodwill). As on 31 Mar 2023, the consolidated financial results have foreign currency translation reserve (FCTR) (under other equity) pertaining to the disposal group amounting to INR 2,012 million (including INR 3,132 million in relation to translation to goodwill), which will be credited to Statement of P &L at the time of actual disposal, as per the IAS. FCTR is created by translation of disposal group results and financial position from foreign currency to INR as per applicable Indian Accounting Standards and is accumulated in FCTR until actual disposal. Subsequent fluctuation in exchange rate until disposal will also be accumulated under FCTR. 5.Exceptional Items for 31 December, 2022 pertains to sale of freehold land situated in Kanhe, Pune. 6.The subsidiaries and associate companies forming part of consolidated financial results of the company are listed in Annexure A annexed herewith the statement. 7.The company had inadvertently recorded a consolidation adjustment aggregating to INR 1,254.70 millions relating to 'cost of materials consumed' in 'Other expenses', in respect of its foreign subsidiaries, in the quarter ended March 31, 2022. There is no impact of the restatement on total expenditure, profit before tax, profit after tax for the quarters and consequently on the EPS. This adjustment has been corrected and the comparative information has been restated in the 'Consolidated Statement of Profit and Loss' for the quarter ended March 31, 2022. The following table summarises the impact on Consolidated Statement of Profit and Loss: Particulars For the Quarter ended 31 March, 2022* As previously Reported Adjustment Restated Cost of material consumed 12,321.54 1,254.70 13,576.24 Other Expenses 7,384.10 (1,254.70) 6,129.40 * Includes amounts pertaining to Discontinued operations Other Expenses 5058430000.00 Europe 15528420000.00 India 14683810000.00 30212230000.00 5810200000.00 24402030000.00 Europe 2190980000.00 India 1721240000.00 3912220000.00 268290000.00 739650000.00 Notes: 1. India inlcudes Mexico Operations. 2. *Europe - inlcudes diposal group - assets and liabilities held for sale 3. # Profit/(loss) before Tax from discontinued operations - Excludes Loss on fair valuation of assets and liabilities of disposal group in quarter and year ended December 31, 2022 of Rs. 9,233.70 million. 2904280000.00 Europe 41866370000.00 India 59159190000.00 101025560000.00 0.00 101025560000.00 Europe 26673640000.00 India 20353250000.00 47026890000.00 Amount of items that will not be reclassified to profit and loss 3000000.00 3000000.00 760000.00 -212390000.00