Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

FINANCIAL STATEMENTS | Standalone Accounts 373 Rupees crores Particulars 2026 2025 Out of total external revenue above: Revenue from contracts with customers.......................................................................................................................................................................................................................................................... 1,44,153.05 1,15,110.84 Revenue from other sources.................................................................................................................................................................................................................................................................................. 1,422.72 1,372.84 Income from investment related to subsidiaries, associates and joint ventures ............................................................................................................................................................. 2,189.58 2,140.85 Total........................................................................................................................................................................................................................................................................................................................................ 1,47,765.35 1,18,624.53 Rupees crores Particulars Automotive Farm Equipment Auto Investments Farm Investments Investment in Industrial Businesses and Consumer Services Total Segment Eliminations Total Other Information: Segment Assets.......................................................................... 39,213.49 12,838.17 9,395.10 2,100.78 16,876.03 80,423.57 — 80,423.57 35,836.19 12,007.36 7,120.31 2,215.88 14,479.82 71,659.56 — 71,659.56 Segment Liabilities.................................................................... 34,105.53 7,732.79 — 85.92 — 41,924.24 — 41,924.24 27,444.27 6,431.92 — 82.32 — 33,958.51 — 33,958.51 Reconciliation of segment assets to total assets: Segment Assets.......................................................................... 80,423.57 71,659.56 Unallocated Corporate Assets.......................................... 40,179.11 27,989.35 Total Assets................................................................................. 1,20,602.68 99,648.91 Reconciliation of segment liabilities to total liabilities: Segment Liabilities.................................................................... 41,924.24 33,958.51 Unallocated Corporate Liabilities.................................... 4,353.28 4,105.30 Total Liabilities......................................................................... 46,277.52 38,063.81 Rupees crores Particulars Automotive Farm Equipment Auto Investments Farm Investments Investment in Industrial Businesses and Consumer Services Total Segment Eliminations Total Additions to non current assets..................................... 5,471.92 782.54 — — — 6,254.46 — 6,254.46 4,243.05 838.21 — — — 5,081.26 — 5,081.26 Depreciation, amortisation and impairment expense 3,539.54 718.19 — — — 4,257.73 — 4,257.73 3,505.07 683.21 — — — 4,188.28 — 4,188.28 Note: Additions to non-current assets comprises of capital expenditure on property, plant and equipment, capital work-in-progress, intangible assets including those under development and capital advances. 44. Segment information (contd.) Operating Segments (contd.)

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