MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

139 The Consolidated Revenue from operations is Rs. 1,21,269 crores in the current year as compared to Rs. 90,171 crores in the previous year, registering an increase of 34.5%. The consolidated prof it before exceptional items, share of prof it of associates and joint ventures and tax for the year is Rs. 11,305 crores as against Rs. 7,092 crores in the previous year, registering an increase of 59.4%. The consolidated prof it after tax after non- controlling interests and exceptional items for the year is Rs. 10,282 crores as against Rs. 6,577 crores in the previous year, registering an increase of 56.3%. CONSOLIDATED FINANCIAL POSITION OF THE M&M GROUP st As on 31 March, 2023, for the purpose of consolidation as per Indian Accounting Standards (Ind AS), the Group comprised of the flagship holding company Mahindra &Mahindra Limited: MAHINDRA & MAHINDRA LIMITED Subsidiaries 140 Joint Ventures 25 Associates 28 Tech Mahindra Limited , Flagship Company in the IT Sector, reported a consolidated operating revenue of Rs. 53,290 crores in the current year as compared to Rs. 44,646 crores in the previous year, registering an increase of 19.4%. Its consolidated prof it after tax after non-controlling interests is Rs. 4,831 crores as compared to Rs. 5,566 crores in the previous year, registering a decrease of 13.2%. The Group's f inance company, Mahindra & Mahindra Financial Services Limited , a listed subsidiary of the Company (Mahindra Finance), reported a consolidated operating revenue of Rs. 12,700 crores during the current year as compared to Rs. 11,318 crores in the previous year, registering an increase of 12.2%. The consolidated prof it after tax after non-controlling interests for the year is Rs. 2,072 crores as compared to Rs. 1,137 crores in the previous year, registering an increase of 82.2%. Mahindra Finance customer base has crossed 9.0 million customers and currently has a network of 1,386 off ices. Mahindra Lifespace Developers Limited , the listed subsidiary in the business of real estate and infrastructure, reported a consolidated operating revenue of Rs. 607 crores as compared to Rs. 394 crores in the previous year, registering an increase of 54.1%. The consolidated prof it after tax after non-controlling interests for the year is Rs. 101 crores as compared to Rs. 154 crores in the previous year, registering a decrease of 34.4%.