CIEINDIA2023-07-012023-09-30 CIEINDIA2023-07-012023-09-30 CIEINDIA2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member CIEINDIA2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member CIEINDIA2023-09-30 CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member CIEINDIA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member CIEINDIA2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member CIEINDIA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member CIEINDIA2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member CIEINDIA2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member CIEINDIA2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member CIEINDIA2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532756 CIEINDIA NOTLISTED CIE Automotive India Limited Equity 2023-01-01 2023-12-31 2023-10-17 2023-09-27 INR Millions Third quarter 15:30:00 18:02:00 2023-10-17 2023-10-17 Not applicable Geographical 2023-07-01 2023-09-30 Unaudited Consolidated 22794110000.00 200150000.00 22994260000.00 11737160000.00 0.00 732280000.00 2321700000.00 309770000.00 783450000.00 4549150000.00 20433510000.00 2560750000.00 0.00 2560750000.00 712590000.00 -21170000.00 691420000.00 0.00 1869330000.00 1886830000.00 0.00 1886830000.00 -2000000.00 3754160000.00 -256450000.00 3497710000.00 3754156000.00 0.00 3497710000.00 0.00 3793620000.00 10 4.92 4.92 4.98 4.98 9.90 9.90 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 CIE Automotive India Limited (formerly known as 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 Group 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. Stokes Group Limited has been liquidated in the current quarter on September 05, 2023.The consolidated results include total income and profit before tax of INR 34.66 Millions pertaining to this discontinued operations for nine months ended September 30, 2023 and quarter ended June 30, 2023. For other comparable periods, the results of Stokes Group Limted is nil. 3.The Board, in its meeting held on 14th December, 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 (CFG) and its subsidiaries. In accordance with the applicable accounting standards, considering Galfor’s decision to launch the program, all the German Forging Operation’s “assets and liabilities” were categorised as assets and liabilities held for sale and classified as discontinued operation. Further, the Board of Directors of the Company at its meeting held on August 10, 2023, approved the transaction of sale of 100% stake held by CFG in its subsidiaries in Germany namely Jeco Jellinghaus GmbH (JECO), Gesenkschmiede Schneider GmbH (GSA), Falkenroth Umformtechnik GmbH (FUG) and Schoneweiss & Co. GmbH (SCG) to Mutares SE & Co KgaA (the Buyer) (the Transaction). Thereafter, CFG as seller of JECO, GSA, FUG and SCG and the Buyer entered into binding agreements to give effect to the Transaction on August 10, 2023. As per this agreement, under the relevant accounting standards effective 1st July, 2023, JECO, GSA, FUG and SCG results are not included in the consolidated results. The Foreign currency translation reserve (FCTR) (under other equity) pertaining to the disposed group amounting to INR 2,090.62 million (including INR 3,132 million in relation to translation of goodwill) is credited to Statement of Profit and Loss, during the quarter and nine months ended September 30, 2023. 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. The Group has recognised further loss on fair valuation of disposal group of INR 203.79 million and INR 1,536.45 respectively during the quarter and the nine months ended on September 30, 2023. (INR 1,332,66 million in quarter ended 30 June 2023 and INR 9,233.70 million in year ended December 31, 2022 including INR 9,162 million relating to goodwill.). Brief details of the discontinuing operations are as given under:-(pl. refer the table included in pdf copy of the results since table cannot be inserted here) 4.-- 5.Exceptional Items for year ended 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 CIE Automotive India Limited are listed in Annexure A annexed herewith the statement. 7.-- 8.The Board of Directors of Holding Company at their meeting held on February 22, 2023 recommended final dividend of INR 2.5 per Equity Share of INR 10 each fully paid up for financial year 2022 which has been paid during the quarter ended June 30, 2023. Geographical 2023-01-01 2023-09-30 Unaudited Consolidated 70399540000.00 555080000.00 70954620000.00 36811060000.00 0.00 676030000.00 7493160000.00 770200000.00 2441070000.00 14454690000.00 62646210000.00 8308410000.00 0.00 8308410000.00 2180510000.00 -79920000.00 2100590000.00 0.00 6207820000.00 3885200000.00 528890000.00 3356310000.00 -2000000.00 9562130000.00 -75760000.00 9486370000.00 9562130000.00 0.00 9486370000.00 0.00 3793620000.00 10 16.36 16.36 8.85 8.85 25.21 25.21 Other Expenses 4549150000.00 Other Expenses 14454690000.00 Europe 7440120000.00 India 15367400000.00 Europe 37000800000.00 India 44585870000.00 22807520000.00 81586670000.00 13400000.00 11187130000.00 22794120000.00 70399540000.00 Europe 3099510000.00 India 1859630000.00 Europe 9274550000.00 India 5301000000.00 4959140000.00 14575550000.00 309770000.00 847490000.00 2090616000.00 Note: 1. India includes Mexico operation 2. * This includes disposal group- assets and liabilities held for sale upto half year ended June 30, 2023. 3. # Excludes Loss on fair valuation of assets and liabilities of disposal group as shown below(Rs. In Million) Quarter Ended: 30/09/23-203.79,30/06/23 - 1,332.66, 30/09/22-Nil, Nine months ended: 30/09/23 – 1,536.45, 30/09/22- Nil. Year Ended 31/12/22 – 9,233.70 5421650000.00 2558754000.00 8306410000.00 Europe 35183040000.00 India 61895150000.00 97078190000.00 Europe 18123550000.00 India 21483510000.00 39607060000.00 1000000.00 7000000.00 250000.00 1760000.00 257200000.00 81000000.00