FINANCIAL STATEMENTS | Standalone Accounts 313 Rupees crores Note No. 2026 2025 I. ASSETS NON-CURRENT ASSETS Property, plant and equipment..................................................................................................................................................................... 4 16,715.80 15,961.68 Capital work-in-progress.................................................................................................................................................................................... 5 1,688.87 1,763.19 Goodwill ....................................................................................................................................................................................................................... 23.19 23.19 Other Intangible assets...................................................................................................................................................................................... 6 2,949.41 3,666.43 Intangible assets under development...................................................................................................................................................... 7 3,618.87 2,141.40 Financial assets (i) Investments................................................................................................................................................................................................... 8 27,547.10 22,378.60 (ii) Loans.................................................................................................................................................................................................................. 9 341.18 2,426.13 (iii) Other financial assets............................................................................................................................................................................ 10 5,761.21 1,576.48 Income tax assets (net)..................................................................................................................................................................................... 935.62 1,046.23 Other non-current assets................................................................................................................................................................................. 11 1,666.93 1,001.68 61,248.18 51,985.01 CURRENT ASSETS Inventories................................................................................................................................................................................................................... 12 10,305.86 10,333.34 Financial assets (i) Investments................................................................................................................................................................................................... 8 14,484.55 13,089.45 (ii) Trade receivables....................................................................................................................................................................................... 13 6,485.75 5,725.57 (iii) Cash and cash equivalents................................................................................................................................................................. 14 760.78 1,264.39 (iv) Bank balances other than cash and cash equivalents................................................................................................... 15 17,719.13 9,526.16 (v) Loans.................................................................................................................................................................................................................. 9 2,150.52 1,169.49 (vi) Other financial assets............................................................................................................................................................................ 10 3,062.15 2,369.03 Other current assets............................................................................................................................................................................................ 11 4,222.63 4,186.47 Assets held for sale ............................................................................................................................................................................................ 4(a) 163.13 — 59,354.50 47,663.90 TOTAL ASSETS....................................................................................................................................................................................................... 1,20,602.68 99,648.91 II. EQUITY AND LIABILITIES EQUITY Equity share capital.............................................................................................................................................................................................. 16 601.02 600.39 Other equity............................................................................................................................................................................................................... 73,724.14 60,984.71 74,325.16 61,585.10 LIABILITIES NON-CURRENT LIABILITIES Financial liabilities (i) Borrowings..................................................................................................................................................................................................... 18 526.54 1,055.90 (ii) Lease liabilities............................................................................................................................................................................................ 411.73 390.49 (iii) Other financial liabilities....................................................................................................................................................................... 19 528.76 610.19 Provisions..................................................................................................................................................................................................................... 20 1,800.01 1,425.74 Deferred tax liabilities (net)............................................................................................................................................................................ 21 1,451.03 1,662.88 Other non-current liabilities............................................................................................................................................................................ 22 1,121.95 838.82 5,840.02 5,984.02 CURRENT LIABILITIES Financial liabilities (i) Borrowings..................................................................................................................................................................................................... 18 529.55 79.15 (ii) Lease liabilities .......................................................................................................................................................................................... 185.64 156.25 (iii) Trade payables (a) Total outstanding dues of Micro Enterprises and Small Enterprises..................................................... 23 533.19 536.38 (b) Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises.... 23 28,966.71 22,869.39 (iv) Other financial liabilities....................................................................................................................................................................... 19 2,138.21 1,879.70 Other current liabilities...................................................................................................................................................................................... 22 6,335.38 5,152.40 Provisions.................................................................................................................................................................................................................... 20 979.61 843.15 Current tax liabilities (net).............................................................................................................................................................................. 769.21 563.37 40,437.50 32,079.79 TOTAL EQUITY AND LIABILITIES............................................................................................................................................................ 1,20,602.68 99,648.91 The accompanying notes 1 to 48 are an integral part of the Financial Statements Balance Sheet | as at 31st March, 2026 Directors: Shikha Sharma Nisaba Godrej Muthiah Murugappan Ranjan Pant Sat Pal Bhanoo M.P. Vijay Kumar Samina Hamied (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) (DIN - 00005410) (DIN - 10482731) (DIN - 05170323) (DIN - 00027923) 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, 2026 Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Group CEO and Managing Director (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sectors) (DIN - 00046823) Amarjyoti Barua Group Chief Financial Officer Sailesh Kumar Daga Company Secretary (FCS No.4164) Mumbai, 5th May, 2026 For Mahindra & Mahindra Limited
RkJQdWJsaXNoZXIy NTE5NzY=