Integrated Annual Report 2024-25 358 Consolidated Statement of Profit and Loss | for the year ended 31st March, 2025 Rupees crores Note No. 2025 2024 INCOME Revenue from operations.................................................................................................................................................................................................................................. 25 1,58,749.75 1,38,279.30 Income from investments related to subsidiaries, associates and joint ventures ................................................................................................... 26 461.07 798.97 Income from operations ................................................................................................................................................................................................................................ 1,59,210.82 1,39,078.27 Other income.............................................................................................................................................................................................................................................................. 27 2,181.05 2,176.42 Total Income............................................................................................................................................................................................................................................................. 1,61,391.87 1,41,254.69 EXPENSES Cost of materials consumed .......................................................................................................................................................................................................................... 28 88,111.05 77,848.82 Purchases of stock-in-trade ............................................................................................................................................................................................................................ 7,643.85 7,221.25 Changes in inventories of finished goods, stock-in-trade and work-in-progress......................................................................................................... 29 (12.18) (1,455.32) Employee benefits expense.............................................................................................................................................................................................................................. 30 11,126.17 10,624.33 Finance costs ............................................................................................................................................................................................................................................................ 31 9,083.39 7,488.21 Depreciation, amortisation and impairment expense ................................................................................................................................................................... 32 6,073.65 4,723.78 Loss from investments related to subsidiaries, associates and joint ventures .......................................................................................................... 33 30.84 32.92 Other expenses ....................................................................................................................................................................................................................................................... 34 21,792.90 19,914.34 Total Expenses ...................................................................................................................................................................................................................................................... 1,43,849.67 1,26,398.33 Profit Before share of profit of associates and joint ventures and tax ............................................................................................................. 17,542.20 14,856.36 Share of profit of associates and joint ventures, (net)................................................................................................................................................................. 1,537.42 1,121.43 Profit Before Tax ................................................................................................................................................................................................................................................ 19,079.62 15,977.79 Tax Expense 13 Current tax ......................................................................................................................................................................................................................................................... (4,851.93) (3,597.39) Deferred tax ...................................................................................................................................................................................................................................................... (154.52) (110.58) Profit for the year ............................................................................................................................................................................................................................................. 14,073.17 12,269.82 Other Comprehensive Income/(Loss) A. (i) Items that will not be reclassified to profit or loss (a) Remeasurements of the defined benefit plans ....................................................................................................................................... (87.52) 205.44 (b) Equity instruments through other comprehensive income ............................................................................................................ (46.73) (49.99) (c) Share of other comprehensive income/(loss) of equity accounted investees.................................................................... 1.30 (15.69) (ii) Income tax relating to items that will not be reclassified to profit or loss...................................................................................... 21.90 (43.33) B. (i) Items that will be reclassified to profit or loss (a) Exchange differences in translating the financial statements of foreign operations .................................................. 151.60 (34.97) (b) Debt instruments through other comprehensive income ................................................................................................................ 111.84 70.83 (c) Effective portion of gains/(losses) on designated portion of hedging instruments in a cash flow hedge (net).... (68.83) 33.44 (d) Share of other comprehensive income/(loss) of equity accounted investees ................................................................... 116.27 14.06 (ii) Income tax relating to items that will be reclassified to profit or loss .............................................................................................. (19.75) 4.37 Total Other Comprehensive Income/(Loss).................................................................................................................................................................................... 180.08 184.16 Total Comprehensive Income for the year ................................................................................................................................................................................... 14,253.25 12,453.98 Profit for the year attributable to: Owners of the company ................................................................................................................................................................................................................................... 12,929.10 11,268.64 Non-controlling interests .................................................................................................................................................................................................................................. 1,144.07 1,001.18 14,073.17 12,269.82 Other Comprehensive Income/(Loss) for the year attributable to: Owners of the company ................................................................................................................................................................................................................................... 150.86 142.08 Non-controlling interests .................................................................................................................................................................................................................................. 29.22 42.08 180.08 184.16 Total Comprehensive Income for the year attributable to: Owners of the company ................................................................................................................................................................................................................................... 13,079.96 11,410.72 Non-controlling interests .................................................................................................................................................................................................................................. 1,173.29 1,043.26 14,253.25 12,453.98 Earnings per equity share 35 (Face value Rs. 5/- per share) (Rupees) Basic ................................................................................................................................................................................................................................................................................ 115.91 101.14 Diluted ............................................................................................................................................................................................................................................................................ 115.06 100.70 The accompanying notes 1 to 49 are an integral part of the Consolidated Financial Statements. Directors: T. N. Manoharan Shikha Sharma Nisaba Godrej Muthiah Murugappan Padmasree Warrior Ranjan Pant Sat Pal Bhanoo (DIN - 01186248) (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) (DIN - 10387032) (DIN - 00005410) (DIN - 10482731) In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No. : 101248W/W-100022 Venkataramanan Vishwanath Partner Membership No. : 113156 Mumbai, 5th May, 2025 Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Group CEO and Managing Director (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) (DIN - 00046823) Amarjyoti Barua Group Chief Financial Officer Divya Mascarenhas Interim Company Secretary (FCS No.10249) Mumbai, 5th May, 2025 For Mahindra & Mahindra Limited
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