MAHINDRA & MAHINDRA LTD. Consolidated Accounts 409 39. Financial instruments (Continued) Impairment loss The expected credit loss allowance provision is determined as follows: Rupees crores Particulars Stage-1 Stage-2 Stage-3 Total Gross Balance as at 31st March, 2025 ...................................................................... 1,12,346.83 6,981.83 5,059.32 1,24,387.98 Expected credit loss rate .................................................................................................... 0.52% 9.32% 55.53% Carrying amount as at 31st March, 2025 (net of impairment provision)........................................................................................................................................... 1,11,757.23 6,331.27 2,249.74 1,20,338.24 Gross Balance as at 31st March, 2024 ...................................................................... 97,252.09 5,745.96 4,146.74 1,07,144.79 Expected credit loss rate .................................................................................................... 0.63% 11.24% 58.07% Carrying amount as at 31st March, 2024 (net of impairment provision) ......................................................................................................................................... 96,643.35 5,100.04 1,738.89 1,03,482.28 Level of Assessment - Aggregation Criteria The financial services business recognises the expected credit losses on a collective basis that takes into account comprehensive credit risk information and considers the economic and risk characteristics, pricing range and sector concentration. Reconciliation of loss allowance provision for Retail and SME loans Rupees crores Particulars Stage-1 Stage-2 Stage-3 Total Balance as at 1st April, 2024........................................................................................... 608.74 645.92 2,407.85 3,662.51 — Transferred to Stage-1......................................................................................................... 159.29 (104.02) (55.27) — — Transferred to Stage-2......................................................................................................... (31.27) 79.83 (48.56) — — Transferred to Stage-3......................................................................................................... (10.80) (122.40) 133.20 — Loans that have been derecognised during the year.......................................... (67.01) (128.76) (720.48) (916.25) New loans originated during the year............................................................................ 288.40 69.51 109.56 467.47 Write-offs............................................................................................................................................. (0.06) (4.15) (530.36) (534.57) Net remeasurement of loss allowance.......................................................................... (357.69) 214.63 1,513.64 1,370.58 Balance as at 31st March, 2025..................................................................................... 589.60 650.56 2,809.58 4,049.74 Rupees crores Particulars Stage-1 Stage-2 Stage-3 Total Balance as at 1st April, 2023........................................................................................... 599.55 623.56 2,406.15 3,629.26 — Transferred to Stage-1......................................................................................................... 163.61 (99.02) (64.59) — — Transferred to Stage-2......................................................................................................... (14.40) 52.45 (38.05) — — Transferred to Stage-3......................................................................................................... (4.51) (70.39) 74.90 — Loans that have been derecognised during the year.......................................... (78.50) (151.11) (786.12) (1,015.73) New loans originated during the year............................................................................ 335.91 83.34 194.12 613.37 Write-offs............................................................................................................................................. (0.02) (1.03) (627.45) (628.50) Net remeasurement of loss allowance.......................................................................... (392.90) 208.12 1,248.89 1,064.11 Balance as at 31st March, 2024..................................................................................... 608.74 645.92 2,407.85 3,662.51 Trade advances Rupees crores Particulars 2025 2024 Loss allowance provision........................................................................................................................................................................................................ 25.11 19.35
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