MAHINDRA & MAHINDRA LIMITED

Registered Office : Gateway Building, Apollo Bunder, Mumbai 400 001.

Tel: +91 22 22021031, Fax: +91 22 22875485, Website: www.mahindra.com, Email: [email protected]
CIN L65990MH1945PLC004558

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2025

Rs. in Crores
Quarter Ended Year Ended
Particulars 31st Mar 2025 31st Dec 2024 31st Mar 2024 31st Mar 2025 31st Mar 2024
(Audited) (Unaudited) (Audited) (Audited) (Audited)
Refer note 6 Refer note 2 & 6 Refer note 2
1. Income
a. Revenue from operations 31,353.40 30,538.23 25,182.82 1,16,483.68 99,097.68
b. Income from investments related to subsidiaries, associates and joint ventures
(Note 3) 255.27 425.53 250.95 2,140.85 2,238.09
Income from operations 31,608.67 30,963.76 25,433.77 1,18,624.53 1,01,335.77
c. Other income 512.54 264.56 224.31 1,711.87 1,956.08
Total income 32,121.21 31,228.32 25,658.08 1,20,336.40 1,03,291.85
2. Expenses
a. Cost of materials consumed 23,225.92 20,278.78 18,252.38 81,822.23 71,313.40
b. Purchases of stock-in-trade 1,195.03 1,115.82 1,057.37 4,583.40 4,249.29
c. Changes in inventories of finished goods, stock-in-trade and work-in-progress (1,191.10) 1,332.20 (874.98) (65.54) (1,567.82)
d. Employee benefits expense 1,268.58 1,284.96 1,122.33 4,881.48 4,463.19
e. Finance costs 81.02 61.42 39.66 250.47 140.48
f. Depreciation, amortisation and impairment expense 1,305.75 1,045.05 988.23 4,226.78 3,488.01
g. Loss from investments related to subsidiaries, associates and joint ventures 718.54 83.82 121.33 847.91 253.27
h. Other expenses 2,172.45 2,058.37 2,327.40 8,139.55 7,494.25
Total expenses 28,776.19 27,260.42 23,033.72 1,04,686.28 89,834.07
3. Profit/(loss) before tax (1-2) 3,345.02 3,967.90 2,624.36 15,650.12 13,457.78
4. Tax expense
a. Current tax (939.17) (980.24) (662.34) (3,678.11) (2,777.39)
b. Deferred tax 31.29 (23.35) 38.05 (117.05) (38.10)
5. Profit/(loss) after tax (3 + 4) 2,437.14 2,964.31 2,000.07 11,854.96 10,642.29
6. Other comprehensive income/(loss)
a. (i) Items that will not be reclassified to profit or loss (83.72) (1.23) 118.97 (88.80) 150.73
(ii) Income tax relating to items that will not be reclassified to profit or loss 21.04 (0.07) (37.33) 20.51 (45.16)
b. (i) Items that will be reclassified to profit or loss 1.26 56.57 16.15 12.79 (5.81)
(ii) Income tax relating to items that will be reclassified to profit or loss (0.32) (14.24) (4.07) (3.22) 1.46
7. Total comprehensive income/(loss) for the period (5 + 6) 2,375.40 3,005.34 2,093.79 11,796.24 10,743.51
8. Earnings per share (not annualised):
a. Basic earnings per share (Rs.) 20.30 24.70 16.68 98.80 88.79
b. Diluted earnings per share (Rs.) 20.24 24.62 16.62 98.45 88.45
9. Paid-up equity share capital (Face value Rs. 5 per share) 600.39 600.23 599.62 600.39 599.62
10. Other Equity 60,984.71 51,691.56
 MAHINDRA & MAHINDRA LIMITED
STANDALONE BALANCE SHEET
Rs. in Crores
As at As at
Particulars 31st Mar 2025 31st Mar 2024
(Audited) (Audited)
A. ASSETS
1. NON-CURRENT ASSETS
Property, plant and equipment 15,961.68 13,988.97
Capital work-in-progress 1,763.19 1,852.54
Goodwill 23.19 23.19
Other Intangible assets 3,666.43 3,792.41
Intangible assets under development 2,141.40 1,910.44
Financial assets
- Investments 22,378.60 20,728.24
- Loans 2,426.13 93.09
- Other financial assets 1,576.48 3,235.24
Income tax assets (net) 1,046.23 933.79
Other non-current assets 1,001.68 1,630.72
TOTAL NON-CURRENT ASSETS 51,985.01 48,188.63
2. CURRENT ASSETS
Inventories 10,333.34 9,718.04
Financial assets
- Investments 13,089.45 8,478.90
- Trade receivables 5,725.57 4,567.87
- Cash and cash equivalents 1,264.39 1,876.03
- Bank balances other than cash and cash equivalents 9,526.16 3,788.48
- Loans 1,169.49 2,378.99
- Other financial assets 2,369.03 1,457.57
Other current assets 4,186.47 3,254.05

TOTAL CURRENT ASSETS 47,663.90 35,519.93

TOTAL ASSETS (1+2) 99,648.91 83,708.56

B. EQUITY AND LIABILITIES

1. EQUITY
Equity share capital 600.39 599.62
Other equity 60,984.71 51,691.56
61,585.10 52,291.18
2. LIABILITIES
i NON-CURRENT LIABILITIES
Financial liabilities
- Borrowings 1,055.90 1,134.86
- Lease liabilities 390.49 337.47
- Other financial liabilities 610.19 596.18
Provisions 1,425.74 1,193.05
Deferred tax liabilities (net) 1,662.88 1,563.12
Other non-current liabilities 838.82 651.02
TOTAL NON-CURRENT LIABILITIES 5,984.02 5,475.70

ii CURRENT LIABILITIES
Financial liabilities
- Borrowings 79.15 450.03
- Lease liabilities 156.25 128.30
- Trade payables
(a) Total outstanding dues of micro enterprises and small enterprises 536.38 223.80
(b) Total outstanding dues of creditors other than micro enterprises and small enterprises 22,869.39 18,366.44
- Other financial liabilities 1,879.70 1,524.32
Other current liabilities 5,152.40 4,194.50
Provisions 843.15 685.00
Current tax liabilities (net) 563.37 369.29

TOTAL CURRENT LIABILITIES 32,079.79 25,941.68

TOTAL EQUITY AND LIABILITIES (1+2) 99,648.91 83,708.56