annual-report-FY2020

225 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 Summary of Operations Rupees crores As per Ind AS and Schedule III of the Companies Act, 2013 As per previous GAAP and Schedule III of the Companies Act, 2013 As per previous GAAP and Revised Schedule VI of the Companies Act, 1956 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Income 47156 55303 50481 48729 44489 41481 43838 43962 34820 25989 Materials 31633 38257 34135 32081 29516 27955 29432 30425 23500 16264 Excise Duty — — 759 3330 2764 2188 2612 2972 2501 2095 Employee Benefits Expense 2880 2980 2841 2714 2349 2317 2164 1866 1701 1432 Finance Costs/Interest 113 113 112 160 186 214 259 191 163 72 Depreciation, amortisation and impairment expense 2223 1860 1479 1526 1068 975 863 711 576 414 Other Expenses 5177 5738 5487 4743 4390 3999 4191 3441 2881 2310 Exceptional items (2014) (30) 434 548 69 336 52 91 108 118 Profit before tax for the year 3116 6325 6102 4723 4284 4169 4369 4447 3606 3520 Tax for the year 1785 1529 1746 1080 1080 848 611 1094 727 858 Balance profit 1331 4796 4356 3643 3205 3321 3758 3353 2879 2662 Dividend (including tax thereon) # 292.15 1187 1055 925 841 847 963 894 869 803 Equity Dividend (%) 47 170 150 260 240 240 280 260 250 230 Earnings Per Share (Rupees) ^ 11.16 40.29 36.64 30.69 26.52 28.12 31.83 28.43 24.49 23.11 Vehicles produced/ purchased (Units) 466253 618412 546974 499117 496859 464799 506035 555510 474145 355500 Vehicles sold (Units) 471141 607548 548508 506624 494096 464850 507176 551469 469345 354073 Tractors produced (Units) 295126 335519 315759 272308 217383 224330 277425 219893 246475 216388 Tractors sold (Units) 298927 327033 317531 263177 214173 234766 268487 224844 236666 214325 ^ Adjusted for Bonus Shares alloted in the ratio of 1:1 during December 2017. # Proposed Dividend.