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

Mahindra Lifespace Developers Limited, the listed subsidiary in the business of real estate and infrastructure, registered a consolidated operating income of Rs. 394 crores as compared to Rs. 166 crores in the previous year, registering an increase of 137.3%. The consolidated prot after tax after non-controlling interest for the year is Rs. 154 crores as compared to a loss of Rs. 72 crores in the previous year, registering an increase of 313.9%. Mahindra Holidays & Resorts India Limited, the listed subsidiary in the business of timeshare, registered a consolidated operating income of Rs. 2,013 crores as compared to Rs. 1,730 crores in the previous year i.e. an increase of 16.4%. The consolidated prot after tax after non-controlling interests for the year is Rs. 68 crores as compared to a loss of Rs. 13 crores in the previous year, registering an increase of 623.1%. Mahindra Logistics Limited, a listed subsidiary in the logistics business, has registered a consolidated operating income of Rs. 4,083 crores as compared to Rs. 3,264 crores in the previous year i.e. an increase of 25.1%. The consolidated prot after tax after non-controlling interests for the year is Rs. 37 crores as compared to Rs. 30 crores in the previous year, registering an increase of 23.3%. Ssangyong Motor Company, the Korean subsidiary of the Company (under the Companies Act, 2013), treated as discontinued operation for the purpose of consolidation in previous year, has reported consolidated operating revenues of Rs. 15,499 crores in the current scal year* as compared to Rs. 18,763 crores in the previous scal year*. The consolidated loss after tax after non-controlling interests for the current scal year* is Rs. 1,646 crores as compared to a consolidated loss of Rs. 3,208 crores in the previous scal year*. *Fiscal year-January to December Segment Results from continuing operations (before exceptional item) The results achieved by major business segments of the Group are given below: Automotive Farm Equipment Financial Services Hospitality Real Estate Others Eliminations Total 1. 2. 3. 4. 5. 6. 7. Segments 736 4,158 538 (26) (99) 278 5 5,590 FY2021 1,254 3,891 1,404 99 (81) 665 20 7,252 FY2022 (Rs. in crores) Disclaimer Certain statements in the Management Discussion and Analysis describing the Company's objectives, projections, estimates, expectations or predictions may be "forward- looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ from those expressed or implied. Important factors that couldmake a difference to the Company's operations include raw material availability and prices, cyclical demand and pricing in the Company's principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries in which the Company conducts business and other incidental factors. MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 137