MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 334 35. Corporate Social Responsibility (CSR) As per section 135 of the Companies Act, 2013, the Company is required to spend 2% of its average net profit of the immediately three preceding financial years on CSR. Rupees crores Particulars 2024 2023 a) Gross amount required to be spent by the Company during the year based on 2% of average net profits.......... 112.33 91.87 b) Amount spent during the year on: i) Construction / acquisition of assets held by the Company............................................................................................................... — — ii) On purposes other than above............................................................................................................................................................................ 112.74 92.28 c) Unspent amount at the end of the year................................................................................................................................................................... — — The Company’s purpose, “Drive positive change in the lives of our communities. Only when we enable others to rise will we rise”, propelled the Company’s CSR endeavours. The Company continued to play a catalytic role in bringing about social, economic, and environmental change by investing in projects that empowered girls and women, and contributed to environmental conservation. This enabled the Company to achieve a higher social impact on the communities and the planet. Amount recognised as expense in profit or loss is Rs. 112.74 crores (2023: Rs. 92.28 crores). Further, the Company does not wish to carry forward any excess amount spent during the year. 36. Exceptional Items (net) Previous year’s Exceptional items includes the following: Rupees crores Particulars Profit on transfer / sale of certain long term investments.............................................................................................................................................................................. 271.70 Sale of certain freehold land.................................................................................................................................................................................................................................................. 359.32 Impairment loss on certain long term investments............................................................................................................................................................................................... (1,676.45) Impairment of Property Plant and Equipment, Intangibles assets and certain other assets................................................................................................... (896.84) Reversal of impairment loss on an investment......................................................................................................................................................................................................... 512.73 Total......................................................................................................................................................................................................................................................................................................... (1,429.54) 37. Earning Per Share (EPS) Rupees crores Particulars 2024 2023 Profit for the year for basic EPS (Rupees crores).................................................................................................................................................. 10,717.80 6,548.64 Profit for the year diluted EPS (Rupees crores)...................................................................................................................................................... 10,717.80 6,548.64 Weighted average number of Ordinary (Equity) Shares used in computing basic EPS................................................................ 1,19,86,36,292 1,19,70,90,338 Effect of dilutive potential Ordinary (Equity) Shares............................................................................................................................................ 45,93,003 46,94,100 Weighted average number of Ordinary (Equity) Shares used in computing diluted EPS............................................................ 1,20,32,29,295 1,20,17,84,438 Basic Earnings per share (Rs.) (Face value of Rs. 5 per share)..................................................................................................................... 89.42 54.70 Diluted Earnings per share (Rs.).......................................................................................................................................................................................... 89.08 54.49
RkJQdWJsaXNoZXIy NTE5NzY=