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

Mahindra Holidays & Resorts India Limited , the listed subsidiary in the business of timeshare, registered a consolidated operating revenue of Rs. 2,517 crores as compared to Rs. 2,013 crores in the previous year, registering an increase of 25%. The consolidated prof it after tax after non-controlling interests for the year is Rs. 115 crores as compared to Rs. 68 crores in the previous year, registering an increase of 69.1%. Mahindra Logistics Limited , a listed subsidiary in the logistics business, reported a consolidated operating revenue of Rs. 5,128 crores as compared to Rs. 4,141 crores in the previous year registering an increase of 23.8%. The consolidated prof it after tax after non-controlling interests for the year is Rs. 26 crores as compared to Rs. 18 crores in the previous year, registering an increase of 44.4%. 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 1,254 3,891 1,404 99 (81) 665 20 7,252 F-2022 3,651 4,212 2,789 201 (101) 717 18 11,487 F-2023 (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 themeaning of applicable securities laws and regulations. Actual results could differ from those expressed or implied. Important factors that could make 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. Swaraj Engines Limited *, a listed subsidiary in the business of manufacture of Diesel Engines and its components, reported operating revenue of Rs. 1,422 crores as compared to Rs. 1,138 crores in the previous year registering an increase of 25%. The prof it after tax for the year is Rs. 134 crores as compared to Rs. 109 crores in the previous year, registering an increase of 22.9%. st * During the year ended 31 March, 2023, the controlling status was changed from associate to subsidiary. 140