Management Discussion and Analysis | 161 MAHINDRA & MAHINDRA LTD. Swaraj Engines Limited, a listed subsidiary in the business of manufacturing of Diesel Engines and its components, reported operating revenue of Rs. 1,682 crores as compared to Rs. 1,419 crores in the previous year registering an increase of 18.5%. The profit after tax for the year is Rs. 166 crores as compared to Rs. 138 crores in the previous year, registering an increase of 20.3%. SEGMENT RESULTS AFTER SHARE OF PROFIT/(LOSS) OF ASSOCIATES AND JOINT VENTURES The results achieved by business segments of the Group are given below: (Rs. 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 the meaning 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. Segments Automotive Farm Equipment Services: Financial Services Industrial Businesses and Consumer Services Total FY25 7,797 4,947 3,002 2,718 18,464 FY24 6,057 4,327 2,557 2,259 15,200 1 2 3 4
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