Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

Integrated Annual Report 2025-26 344 The following table includes revenue expected to be recognised in future related to performance obligations that are unsatisfied (or partially unsatisfied) at the reporting date: Rupees crores Time Band 2026 2025 Less than 1 year ................................................................................................................................................................................................................................... 457.11 227.83 Greater than 1 year but less than 5 years ........................................................................................................................................................................ 1,121.95 838.82 Total................................................................................................................................................................................................................................................................ 1,579.06 1,066.65 Reconciliation of revenue recognised in the Statement of Profit and Loss with contracted price Rupees crores Particulars 2026 2025 Revenue from contract with customers as per the contract price ................................................................................................................. 1,48,930.69 1,18,826.40 Trade discounts, volume rebates, returns, etc. ................................................................................................................................................................. (5,817.89) (4,547.74) Deferment of revenue ....................................................................................................................................................................................................................... (90.40) (99.31) Recognition of revenue out of opening balance of contract liabilities .......................................................................................................... 1,130.65 931.49 Revenue from contract with customers as per the Statement of Profit and Loss ................................................................. 1,44,153.05 1,15,110.84 25. Income from investments related to subsidiaries, associates and joint ventures Rupees crores Particulars 2026 2025 (a) Dividend income.......................................................................................................................................................................................................................... 1,769.07 1,821.35 (b) Interest income on loans given........................................................................................................................................................................................ 212.31 201.31 (c) Gains on derivatives on interest in subsidiaries, associates and joint ventures............................................................................ 0.08 5.00 (d) Profit on sale of investments............................................................................................................................................................................................ 208.12 113.19 Total................................................................................................................................................................................................................................................................ 2,189.58 2,140.85 26. Other income Rupees crores Particulars 2026 2025 (a) Interest Income On financial assets measured at Amortised Cost............................................................................................................................................... 1,254.56 828.22 On financial assets at FVTOCI........................................................................................................................................................................................... 105.41 117.16 (b) Dividend income on investments classified as financial assets 2.40 3.45 (c) Net gain arising on financial assets / liabilities measured at FVTPL.................................................................................................... 1,088.33 203.28 (d) Other non operating income (net of directly attributable expenses) #............................................................................................. 324.24 559.76 Total................................................................................................................................................................................................................................................................ 2,774.94 1,711.87 # includes gain on sale of property, plant and equipment, rent income, etc. 24. Revenue from operations (contd.)

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