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

224 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 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 2023 2022* 2021 2020 2019 2018 2017 2016 2015 2014 Income 87,505 59,841 45,829 47,156 55,303 50,481 48,729 44,489 41,481 43,838 Materials 64,558 42,560 30,177 31,633 38,256 34,135 32,081 29,516 27,955 29,432 Excise Duty — — — — — 759 3,330 2,764 2,188 2,612 Employee Benefits Expense 3,650 3,330 3,252 2,880 2,980 2,841 2,714 2,349 2,317 2,164 Finance Costs/Interest 273 226 396 113 113 112 160 186 214 259 Depreciation, amortisation and impairment expense 3,154 2,498 2,370 2,223 1,860 1,479 1,526 1,068 975 863 Other Expenses 6,310 4,869 4,244 5,177 5,738 5,487 4,743 4,390 3,999 4,191 Exceptional items (1,430) (209) (3,087) (2,014) (30) 434 548 69 336 52 Profit before tax for the year 8,131 6,148 2,303 3,116 6,325 6,102 4,723 4,284 4,169 4,369 Tax for the year 1,582 1,278 1,319 1,785 1,529 1,746 1,080 1,080 848 611 Balance profit 6,549 4,870 984 1,331 4,796 4,356 3,643 3,205 3,321 3,758 Dividend (including tax thereon) #2,021 1,436 1,088 292 1,187 1,055 925 841 847 963 Equity Dividend (%) 325 231 175 47 170 150 260 240 240 280 Earnings Per Share (Rupees) ^ 54.7 40.73 8.24 11.16 40.29 36.64 30.69 26.52 28.12 31.83 Vehicles produced/ purchased (Units) 7,02,407 4,52,203 3,51,619 4,66,253 6,18,412 5,46,974 4,99,117 4,96,859 4,64,799 5,06,035 Vehicles sold (Units) 6,98,456 4,65,601 3,48,621 4,71,141 6,07,548 5,48,508 5,06,624 4,94,096 4,64,850 5,07,176 Tractors produced (Units) 4,15,832 3,55,299 3,49,262 2,95,126 3,35,519 3,15,759 2,72,308 2,17,383 2,24,330 2,77,425 Tractors sold (Units) 4,03,981 3,50,981 3,51,431 2,98,927 3,27,033 3,17,531 2,63,177 2,14,173 2,34,766 2,68,487 ^ Adjusted for Bonus Shares alloted in the ratio of 1:1 during December 2017. # Proposed Dividend. * Refer note 44(B) to the Financial Statements.