MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 288 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Total Income 103,158 87,568 59,841 45,829 47,156 55,303 50,481 48,729 44,489 41,481 Materials 74,006 64,558 42,560 30,177 31,633 38,256 34,135 32,081 29,516 27,955 Excise Duty – – – – – – 759 3,330 2764 2188 Employee Benefits Expense 4,416 3,650 3,330 3,252 2,880 2,980 2,841 2,714 2,349 2,317 Finance Costs/Interest 139 273 226 396 113 113 112 160 186 214 Depreciation, amortisation and impairment expense 3,439 3,154 2,498 2,370 2,223 1,860 1,479 1,526 1,068 975 Loss from investment related to subsidiaries, associates and joint ventures 253 63 – – – – – – – – Other Expenses 7,421 6,310 4,869 4,244 5,177 5,738 5,487 4,743 4,390 3,999 Exceptional items – (1,430) (209) (3,087) (2,014) (30) 434 548 69 336 Profit before tax for the year 13,483 8,131 6,148 2,303 3,116 6,325 6,102 4,723 4,284 4,169 Tax for the year 2,765 1,582 1,278 1,319 1,785 1,529 1,746 1,080 1,080 848 Balance profit 10,718 6,549 4,870 984 1,331 4,796 4,356 3,643 3,205 3,321 Dividend (including tax thereon) #2,624 2,021 1,436 1,088 292 1,187 1,055 925 841 847 Equity Dividend (%) 422 325 231 175 47 170 150 260 240 240 Earnings Per Share (Rupees) ^ 89.42 54.740.73 8.24 11.16 40.29 36.64 30.69 26.52 28.12 Vehicles produced/purchased (Units) 7,99,047 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 Vehicles sold (Units) 7,80,475 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 Tractors produced (Units) 3,71,936 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 Tractors sold (Units) 3,74,955 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 ^ Adjusted for Bonus Shares alloted in the ratio of 1:1 during December 2017. # Proposed Dividend
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