MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

Inventories Raw materials and bought out components as a % of cost of materials consumed Finished goods and Stock-in-trade as a % of sales of products 6.1% 5.1% F22 6.9% 5.4% F21 The decrease in raw materials and bought out components as a percentage of cost of materials consumed and decrease in nished goods and stock-in- trade as a percentage of sales of products has been mainly Trade Receivable st Trade Receivables are Rs. 3,035 crores as at 31 March, st 2022, as compared to Rs. 2,203 crores as at 31 March, 2021. As a percentage of revenue from sales of products and services, trade receivables are higher at 5.4% as at st 31 March, 2022, as compared to 5.0% for the previous year mainly on account of a signicant increase in export debtors due to higher export volume. on account of focus on inventory management to optimize the inventory levels along with pace of requirement and higher sales traction of newproducts. RESULTS OF OPERATIONS Income Particulars 55,210 1,126 1,110 57,446 2,076 42,702 1,012 916 44,630 1,199 96.1 2.0 1.9 100.0 3.6 95.7 2.3 2.0 100.0 2.7 29.3 11.4 21.2 28.7 73.1 F22 Amount Amount % % % Inc./(Dec.) F21 Sales of products Sale of services Other operating revenue Revenue from operations Other income (Rs. in crores) Revenue from Operations & Other Income Sales volume in Auto segment witnessed an increase of 30.7% clocking vehicles 4,55,570 in the current year from 3,48,621 vehicles in the previous year. Increase in volumes combined with higher realisation led to Revenue from operations growing by 28.7%as compared to the previous year. st Other income during the year ended 31 March, 2022 at Rs. 2,076 crores is higher than Rs. 1,199 crores earned in the previous year mainly on account of higher dividend income in the current year as compared to previous year. Particulars 42,342 3,306 223 2,451 4,756 53,078 73.7 5.7 0.4 4.3 8.3 92.4 30,177 3,252 396 2,370 4,244 40,439 67.6 7.3 0.9 5.3 9.5 90.6 40.3 1.7 (43.7) 3.4 12.1 31.3 F22 Amount Amount % to Revenue from Operations % to Revenue from Operations % Inc./(Dec.) F21 Material costs Employee benets expense Finance costs Depreciation, amortisation and impairment expense Other expenses Total expenses (Rs. in crores) COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 134