MAHINDRA & MAHINDRA LTD. Standalone Accounts 315 31. Depreciation, amortisation and impairment expense Rupees crores Particulars 2025 2024 Depreciation of Property, Plant and Equipment................................................................................................................................................................ 2,199.17 1,845.88 Depreciation of right-of-use assets............................................................................................................................................................................................ 165.48 149.45 Amortisation of intangible assets................................................................................................................................................................................................ 1,551.66 1,348.24 Impairment of property, plant & equipment, capital work in progress, intangible assets and intangible assets under development................................................................................................................................................................................................................................................ 310.47 144.44 Total................................................................................................................................................................................................................................................................. 4,226.78 3,488.01 32. Loss from investments related to subsidiaries, associates and joint ventures Rupees crores Particulars 2025 2024 (a) Impairment of investments*................................................................................................................................................................................................. 775.84 243.34 (b) Loss on derivatives on interest in subsidiaries, associates and joint ventures................................................................................ 72.07 9.93 Total................................................................................................................................................................................................................................................................. 847.91 253.27 * Includes Impairment of ICD Rs. 40.18 crores (2024: Nil). Impairment loss on certain investments in subsidiaries, associates and joint ventures has been recognised considering the performance of these companies and their future projections. The Company has long-term investments in subsidiaries, associates and joint ventures which are measured at cost less impairment or at fair value through profit or loss. The management assesses the performance of these entities including the future projections, relevant economic and market conditions in which they operate to identify if there is any indicator of impairment in the carrying value of the investments. In case indicators of impairment exist, the impairment loss is measured by estimating the recoverable amounts based on the higher of (i) ‘fair value less cost of disposal’ determined using market price information, where available, and (ii) ‘value-in-use’ estimates determined using discounted cash flow projections, where available. The recoverable amount estimates are based on judgments, estimates, assumptions and market data as on reporting date and ignore subsequent changes in the economic and market conditions. During the year ended 31st March 2025, the performance of certain subsidiaries along with capital allocation decisions, coupled with the relevant economic and market indicators resulted in indicators of impairment in respect of certain entities. Accordingly, the Company determined the recoverable amounts of these entities and recorded a provision of Rs. 735.66 crores (2024: Rs. 243.34 crores) for the year ended 31st March 2025. 33. Other Expenses Rupees crores Particulars 2025 2024 Stores consumed.................................................................................................................................................................................................................................... 317.27 293.92 Tools consumed....................................................................................................................................................................................................................................... 86.96 85.04 Power and fuel......................................................................................................................................................................................................................................... 432.39 367.20 Freight outward....................................................................................................................................................................................................................................... 1,086.47 959.13 Repairs and maintenance.................................................................................................................................................................................................................. 491.61 441.17 Advertisements........................................................................................................................................................................................................................................ 623.34 643.09 Sales promotion expenses............................................................................................................................................................................................................... 340.44 298.53 Travelling and conveyance expense.......................................................................................................................................................................................... 256.95 235.92 Legal and professional charges [refer note (a)]................................................................................................................................................................ 582.32 535.24 CSR expenditure (refer note 34)................................................................................................................................................................................................ 152.36 116.86 Hire and service charges................................................................................................................................................................................................................... 1,749.02 1,660.50 Miscellaneous expenses [refer note (b), (c) & (d)].......................................................................................................................................................... 2,020.42 1,857.65 Total................................................................................................................................................................................................................................................................ 8,139.55 7,494.25
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