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= = Mahindra & Mahindra Financial Services Limited CIN : L65921MH1991PLC059642 Registered Office : Gateway Building , Apollo Bunder , Mumbai 400 001. Tel . No. +91 22 22895500 Fax : +91 22 22875485 Corporate Office : Mahindra Towers , 4th Floor , Dr. G.M. Bhosale Marg , Worli , Mumbai 400 018. Tel . No. +91 22 66526000 Fax : +91 22 24984170/71 Website : www.mahindrafinance.com ; Email : investorhelpline_mmfsl@mahindra.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021 Revenue from operations i ) Interest income ii ) Dividend income iii ) Rental income iv ) Fees and commission Income | v ) Net gain on fair value changes vi ) Sale of services i ) Total Revenue from operations Other income Total income ( I + II ) Expenses Finance costs ii ) Fees and commission expense Particulars Quarter ended Half year ended 30 September 2021 30 June 2021 30 September 2020 ( Unaudited ) ( Unaudited ) ( Unaudited ) 30 September 2021 ( Unaudited ) 30 September 2020 ( Unaudited ) Rs . in Crores Year ended 31 March 2021 ( Audited ) 2,818.04 2,465.22 2,953.48 5,283.26 5,945.87 11,703.79 0.12 0.12 4.05 4.72 4.83 8.77 8.19 17.11 29.42 17.31 16.75 46.73 26.75 75.59 16.72 15.68 15.21 32.40 35.88 50.04 60.47 46.58 44.84 107.05 74.92 203.61 2,928.70 21.88 2,549.51 17.33 3,035.11 35.39 5,478.21 39.21 6,091.73 47.46 12,050.26 120.24 2,950.58 2,566.84 3,070.50 5,517.42 6,139.19 12,170.50 1,142.63 36.43 1,151.08 22.87 iii ) Impairment on financial instruments ( refer notes 8 to11 ) ( 315.54 ) 3,005.37 2 > iv ) Employee benefits expenses v ) Depreciation , amortization and impairment vi ) Other expenses 382.22 34.21 214.53 365.06 1,368.54 29.91 665.82 351.08 32.76 147.94 39.58 115.61 2,293.71 59.30 2,689.83 747.28 66.97 362.47 2,769.70 38.90 1,614.67 650.19 77.44 226.51 5,307.57 104.80 3,998.74 1,384.01 150.51 558.81 IV VI > > > X Total expenses 1,494.48 4,725.08 2,570.54 6,219.56 5,377.41 11,504.44 Profit / ( Loss ) before exceptional items , Share of profit / ( loss ) of associate & joint ventures and tax ( III - IV ) 1,456.10 ( 2,158.24 ) 499.96 Exceptional item ( refer note 6 ) VII Share of profit / ( loss ) of associate & joint ventures 20.57 11.47 16.89 ( 12.39 ) ( 702.14 ) 20.57 28.36 761.78 228.54 1.02 666.06 228.54 39.54 VIII Profit / ( Loss ) before tax ( V + VI + VII ) 1,488.14 ( 2,141.35 ) 487.57 ( 653.21 ) 991.34 934.14 IX Tax expense : i ) Current tax ii ) Deferred tax iii ) ( Excess ) / Short provision for Income Tax - earlier years x Profit / ( Loss ) for the period / year ( VIII - IX ) 4.74 380.46 385.20 1,102.94 1.43 ( 569.78 ) 0.40 ( 567.95 ) ( 1,573.40 ) 208.95 ( 73.89 ) 6.17 ( 189.32 ) 210.06 512.28 ( 3.34 ) ( 340.86 ) 0.40 ( 17.56 ) 135.06 352.51 ( 182.75 ) 206.72 153.86 ( 470.46 ) 784.62 780.28 XI Other Comprehensive Income ( OCI ) A ) ( i ) Items that will not be reclassified to profit or loss - Remeasurement gain / ( loss ) on defined benefit plans - Net gain / ( loss ) on equity instruments through OCI - ( 0.90 ) 0.29 ( 4.56 ) ( 0.61 ) ( 0.82 ) ( 2.36 ) 7.98 ( 4.56 ) ( ii ) Income tax relating to the above items Subtotal ( A ) 0.30 ( 0.20 ) 1.23 0.10 ( 1.61 ) 1.82 ( 0.60 ) 0.09 ( 3.33 ) ( 0.51 ) 5.55 ( 5.10 ) B ) ( i ) Items that will be reclassified to profit or loss - Exchange differences in translating the financial statements of foreign operations 3.48 4.99 ( 13.52 ) 8.47 ( 11.95 ) ( 15.27 ) - Net gain / ( loss ) on debt instruments through OCI 33.12 33.02 ( 7.70 ) 66.14 ( 10.26 ) ( 92.82 ) ( ii ) Income tax relating to the above items Subtotal ( B ) ( 8.34 ) ( 8.31 ) 1.93 ( 16.65 ) 2.58 23.36 28.26 29.70 ( 19.29 ) 57.96 ( 19.63 ) ( 84.73 ) Other Comprehensive Income ( Loss ) ( A + B ) 27.66 29.79 ( 22.62 ) 57.45 ( 14.08 ) ( 89.83 ) XII Total Comprehensive Income / ( Loss ) for the period / year ( X + XI ) 1,130.60 ( 1,543.61 ) 329.89 ( 413.01 ) 770.54 690.45 Profit / ( Loss ) for the period attributable to : Owners of the Company Non - controlling interests 1,099.78 3.16 1,102.94 ( 1,573.72 ) 0.32 ( 1,573.40 ) 351.35 1.15 352.50 ( 473.94 ) 783.07 773.21 3.48 ( 470.46 ) 1.55 7.07 784.62 780.28 Other Comprehensive Income / ( Loss ) for the period / year attributable to : Owners of the Company Non - controlling interests 27.64 0.02 27.66 29.89 ( 0.10 ) 29.79 ( 22.67 ) 0.05 ( 22.62 ) 57.53 ( 0.08 ) 57.45 ( 14.22 ) ( 89.89 ) 0.14 ( 14.08 ) 0.06 ( 89.83 ) Total Comprehensive Income / ( Loss ) for the period / year attributable to : Owners of the Company Non - controlling interests 1,127.42 3.18 1,130.60 ( 1,543.83 ) 0.22 ( 1,543.61 ) 328.68 1.21 329.89 ( 416.41 ) 3.40 ( 413.01 ) 768.85 683.32 1.69 7.13 770.54 690.45 XIII Earnings per equity share ( face value of Rs.2 / - each ) # ( refer note 7 ) Basic ( Rupees ) 8.93 Diluted ( Rupees ) 8.91 ( 12.77 ) ( 12.77 ) 3.31 ( 3.85 ) 7.98 6.99 3.30 ( 3.85 ) 7.97 6.98 # Earnings per share for the interim period is not annualized .