MAHINDRA & MAHINDRA LTD. Standalone Accounts 309 20. Provisions Rupees crores Particulars Non-Current Current 2025 2024 2025 2024 Provision for employee benefits................................................................................................................ 666.22 561.28 130.67 126.17 Provision for warranties ................................................................................................................................. 713.41 596.84 523.45 413.92 Provision for service coupons...................................................................................................................... 46.11 34.93 189.03 144.91 Total ............................................................................................................................................................................ 1,425.74 1,193.05 843.15 685.00 Provision for employee benefits includes gratuity, provident fund, post retirement benefits, compensated absences, etc. (refer note 36) Provision for warranties and service coupons relates to provision made in respect of sale of certain products and components, the estimated cost of which is accrued at the time of sale. The products are generally covered under a free warranty period ranging from 1 to 15 years. The movement in provision for warranties and service coupons are as follows: Rupees crores Particulars Warranty Service coupons 2025 2024 2025 2024 Opening balance................................................................................................................................................ 1,010.76 799.10 179.84 135.41 Additional net provisions recognised during the year ............................................................. 689.49 657.28 239.95 207.43 Amounts utilised during the year............................................................................................................ (529.63) (502.21) (195.85) (171.54) Unwinding of discount...................................................................................................................................... 66.24 56.59 11.20 8.54 Closing balance.................................................................................................................................................. 1,236.86 1,010.76 235.14 179.84 21. Income Taxes (a) Income Tax recognised in profit or loss Rupees crores Particulars 2025 2024 Current Tax: In respect of current year................................................................................................................................................................................................................ 3,669.01 2,761.67 In respect of prior years.................................................................................................................................................................................................................... 9.10 15.72 Total current tax expense ......................................................................................................................................................................................................... 3,678.11 2,777.39 Deferred Tax: In respect of current year origination and reversal of temporary differences.......................................................................................... 110.90 8.33 Effect of utilisation of deferred tax on capital losses ................................................................................................................................................ 19.75 70.60 Reversal of deferred tax liabilities ........................................................................................................................................................................................... — (25.47) In respect of prior years.................................................................................................................................................................................................................... (13.60) (15.36) Total deferred tax expense / (income) ........................................................................................................................................................................... 117.05 38.10 Total income tax expense .......................................................................................................................................................................................................... 3,795.16 2,815.49
RkJQdWJsaXNoZXIy NTE5NzY=