Mahindra & Mahindra Ltd. National Stock Exchange of India Limited
Total Page:16
File Type:pdf, Size:1020Kb
Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 24901441 Fax: +91 22 24975081 REF:NS:SEC: 5th February, 2021 National Stock Exchange of India Limited BSE Limited "Exchange Plaza", 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street, Fort, Bandra-Kurla Complex Mumbai 400001. Bandra (East), Mumbai 400051. Bourse de Luxembourg London Stock Exchange Plc Societe de la Bourse de Luxembourg 10 Paternoster Square Societe Anonyme/R.C.B. 6222, London EC4M 7LS. B.P. 165, L-2011 Luxembourg. Dear Sirs, Sub: Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Unaudited Standalone and Consolidated Financial Results for the Third Quarter and Nine Months ended 31st December, 2020 The Board of Directors at its Meeting held on 5th February, 2021 have inter-alia approved the Unaudited Standalone and Consolidated Financial Results of Mahindra & Mahindra Limited for the Third Quarter and Nine Months ended 31st December, 2020, which are enclosed, together with the Limited Review Report thereon issued by the Statutory Auditors, Messrs B S R & Co. LLP, Chartered Accountants. We are also submitting a copy of the Press Release being issued in this regard. The Meeting of the Board of Directors of the Company commenced at 10.30 a.m. and concluded at 1.00 p.m. This intimation is also being uploaded on the Company's website at http://www.mahindra.com Please acknowledge receipt of the same. Yours faithfully, For MAHINDRA & MAHINDRA LIMITED NARAYAN SHANKAR COMPANY SECRETARY Encl: a/a Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India Tel: +91 22 22021031|Fax: +91 22 22875485 Email : [email protected] mahindra.com CIN No. L65990MH1945PLC004558 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 STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2020 Rs. in Crores Quarter Ended Nine Months Ended Year Ended Particulars 31st Dec 2020 30th Sep 2020 31st Dec 2019 31st Dec 2020 31st Dec 2019 31st Mar 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Income a. Revenue from operations 14,215.90 11,710.46 12,345.29 31,528.54 36,344.06 45,487.78 b. Other income (note 2) 569.94 392.59 206.25 1,090.32 1,353.10 1,667.81 Total income 14,785.84 12,103.05 12,551.54 32,618.86 37,697.16 47,155.59 2. Expenses a. Cost of materials consumed 7,725.92 6,472.04 5,633.63 16,310.42 18,184.67 22,873.74 b. Purchases of stock-in-trade 2,302.65 1,840.93 2,167.13 4,649.70 6,600.29 8,349.36 c. Changes in inventories of finished goods, stock-in-trade and work-in- progress 14.00 (220.66) 848.48 962.91 700.47 409.49 d. Employee benefits expense 756.05 701.16 759.38 2,135.25 2,262.28 2,880.08 e. Finance costs 99.71 109.14 22.41 275.72 79.76 113.23 f. Depreciation, amortisation and impairment expense 571.39 554.48 553.73 1,674.26 1,639.01 2,222.63 g. Other expenses 1,170.90 1,065.40 1,338.78 2,843.33 4,086.54 5,384.59 h. Amounts capitalised (31.42) (38.24) (51.63) (89.86) (153.43) (207.54) Total expenses 12,609.20 10,484.25 11,271.91 28,761.73 33,399.59 42,025.58 3. Profit before exceptional items and tax (1-2) 2,176.64 1,618.80 1,279.63 3,857.13 4,297.57 5,130.01 4. Exceptional items (net) (note 4 and 5) (1,691.48) (1,149.46) (600.56) (2,776.61) 766.49 (2,013.98) 5. Profit/(loss) before tax (3 + 4) 485.16 469.34 679.07 1,080.52 5,064.06 3,116.03 6. Tax expense a. Current tax 400.12 323.93 250.03 730.34 857.73 996.98 b. Deferred tax 54.11 68.22 122.49 129.96 373.36 788.50 7. Profit/(loss) after tax (5 - 6) 30.93 77.19 306.55 220.22 3,832.97 1,330.55 8. Other comprehensive income/(loss) a. (i) Items that will not be reclassified to profit or loss 16.87 16.72 (3.25) 51.26 (10.48) (11.96) (ii) Income tax relating to items that will not be reclassified to profit or loss (4.27) (4.27) 1.18 (12.81) 3.56 3.25 b. (i) Items that will be reclassified to profit or loss (2.69) 10.41 (6.46) 5.04 (27.56) (34.60) (ii) Income tax relating to items that will be reclassified to profit or loss 0.67 (2.61) 2.26 (1.27) 9.63 11.21 9. Total comprehensive income/(loss) for the period (7 + 8) 41.51 97.44 300.28 262.44 3,808.12 1,298.45 10. Earnings per share: a. Basic earnings per share (Rs.) 0.26 0.65 2.57 1.84 32.15 11.16 b. Diluted earnings per share (Rs.) 0.26 0.64 2.56 1.84 32.04 11.12 11. Paid-up equity share capital (face value Rs. 5 per share) 597.15 596.93 596.31 597.15 596.31 596.52 12. Reserves and surplus 33,871.32 STANDALONE SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2020 Rs. in Crores Quarter Ended Nine Months Ended Year Ended Particulars 31st Dec 2020 30th Sep 2020 31st Dec 2019 31st Dec 2020 31st Dec 2019 31st Mar 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) A. Segment revenue : Revenue from operations Automotive 8,463.96 6,472.20 7,642.05 16,987.91 22,772.42 28,408.63 Farm equipment 5,281.54 4,835.37 4,277.81 13,457.75 12,291.45 15,402.45 Others 535.91 445.50 475.69 1,201.94 1,485.92 1,937.73 Total 14,281.41 11,753.07 12,395.55 31,647.60 36,549.79 45,748.81 Less: Inter-segment revenue 65.51 42.61 50.26 119.06 205.73 261.03 Revenue from operations 14,215.90 11,710.46 12,345.29 31,528.54 36,344.06 45,487.78 0.00 0.00 0.00 B. Segment results: Automotive 537.46 275.74 437.08 237.12 1,098.97 1,263.72 Farm equipment 1,235.91 1,179.53 830.86 3,097.72 2,377.46 2,926.23 Others 37.99 12.68 16.82 45.29 63.64 72.58 Total segment results 1,811.36 1,467.95 1,284.76 3,380.13 3,540.07 4,262.53 Finance costs (99.71) (109.14) (22.41) (275.72) (79.76) (113.23) Other unallocable income / (expense), net (includes exceptional items) (1,226.49) (889.47) (583.28) (2,023.89) 1,603.75 (1,033.27) Profit/(loss) before tax 485.16 469.34 679.07 1,080.52 5,064.06 3,116.03 0.00 0.00 0.00 C. Segment assets: Automotive 16,823.37 16,256.01 16,560.30 16,823.37 16,560.30 16,223.14 Farm equipment 5,910.70 6,442.83 6,929.09 5,910.70 6,929.09 6,965.15 Others 1,054.88 1,059.45 987.94 1,054.88 987.94 1,017.04 Total segment assets 23,788.95 23,758.29 24,477.33 23,788.95 24,477.33 24,205.33 Unallocated corporate assets 34,774.55 36,728.35 29,021.22 34,774.55 29,021.22 26,296.73 Total assets 58,563.50 60,486.64 53,498.55 58,563.50 53,498.55 50,502.06 D. Segment liabilities: Automotive 8,636.24 8,231.19 8,531.71 8,636.24 8,531.71 6,874.14 Farm equipment 4,078.42 4,188.15 3,035.60 4,078.42 3,035.60 3,200.65 Others 484.21 513.38 531.87 484.21 531.87 475.90 Total segment liabilities 13,198.87 12,932.72 12,099.18 13,198.87 12,099.18 10,550.69 Unallocated corporate liabilities 10,828.49 13,089.60 4,460.17 10,828.49 4,460.17 5,483.53 Total liabilities 24,027.36 26,022.32 16,559.35 24,027.36 16,559.35 16,034.22 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 CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2020 Rs. in Crores Quarter Ended Nine Months Ended Year Ended Particulars 31st Dec 2020 30th Sep 2020 31st Dec 2019 31st Dec 2020 31st Dec 2019 31st Mar 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. Income a. Revenue from operations 21,625.95 19,226.81 19,430.29 52,821.80 59,067.21 75,381.93 b.