Mahindra FINANCE Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Dear Sir, Tel: +91 22 68526000 Fax: +91 22 24984170 +91 22 24984171 The Manager-Listing Department, National Stock Exchange of India Limited, "Exchange Plaza", 5th Floor, Plot No.C/ 1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Scrip Code : M&MFIN 25t 1 1 April, 2018 The General Manager-Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code : 532720 Sub: Letter of Debenture Trustee pursuant to Regulation 52(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 In continuation of our letter dated 25th April, 2018 enclosed please find the letter of the Debenture Trustee, Messrs. Axis Trustee Services Limited, pursuant to Regulation 52(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please take the same on record. Thanking you, Yours Faithfully, Mahindra & Mahindra Financial Services Limited A - ..A.vvvirx., Arnavaz M. Pardiwalla Company Secretary & Compliance Officer Encl.: a/a Regd. office: Gateway Building, Apollo Bunder, Mumbai 400 001 India Tel: +91 22 2289 5500 I Fax: +91 22 2287 5485 I www.mahindrafinance.com CIN: L65921MH1991PLC059642 Email : [email protected]
26
Embed
Mahindra FINANCE Financial Services Ltd. Mahindra & Mahindra...Mahindra FINANCE Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli,
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Mahindra FINANCE Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India
Dear Sir,
Tel: +91 22 68526000 Fax: +91 22 24984170
+91 22 24984171
The Manager-Listing Department, National Stock Exchange of India Limited, "Exchange Plaza", 5th Floor, Plot No.C/ 1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
Scrip Code : M&MFIN
25t11 April, 2018
The General Manager-Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.
Scrip Code : 532720
Sub: Letter of Debenture Trustee pursuant to Regulation 52(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In continuation of our letter dated 25th April, 2018 enclosed please find the letter of the Debenture Trustee, Messrs. Axis Trustee Services Limited, pursuant to Regulation 52(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Arnavaz M. Pardiwalla Company Secretary & Compliance Officer
Encl.: a/a
Regd. office: Gateway Building, Apollo Bunder, Mumbai 400 001 India Tel: +91 22 2289 5500 I Fax: +91 22 2287 5485 I www.mahindrafinance.com CIN: L65921MH1991PLC059642 Email : [email protected]
agowri Bhat ior Manager
AAXIS TRUSTEE
ATSL/CO/2018-19/ 46 D April 25, 2018
To, Mahindra & Mahindra Financial Services Limited Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018.
Kind Attn.: Mr. Swapnil Dahasahasra
Sub: Letter of Debenture Trustee pursuant to Regulation 52 (5) of the SEBI (Listing Obligations and Disclosure Requirements) 2015
Dear Sir,
We write in our capacity as the Debenture Trustee for the Non-Convertible Debentures (NCDs) issued by Mahindra and Mahindra Financial Services Limited ("Company") and listed on the BSE Limited ("Listed Debt Securities").
Pursuant to Regulation 52(4) read with Regulation 52 (5) of the SEBI (Listing Obligations and Disclosure Requirements) 2015, the Company is required to submit its half yearly/annual financial results to the Stock Exchange, with a letter of the Debenture Trustee (Axis Trustee Services Limited) that the Debenture Trustee has noted the contents furnished by the Company in terms of Regulation 52(4).
In pursuance thereof we hereby confirm that we have received the said information vide your letter dated April 25, 2018 for the year ended 31st March 2018 (enclosed herewith) and we have noted the contents in respect of the Listed Debt Securities issued by the Company.
Further please note that we have not independently verified the contents submitted vide your above letter and the aforesaid noting is subject to the following:
1. The Debenture Trustee is relying on the information/status as submitted by the company for the purpose of submission to the Stock Exchange; without reconfirming.
2. Any commitment pertaining to the interest /principal payable on the future due dates are sole commitment on the company's part and Trustee is not liable in any manner if company fails to fulfill / does not fulfill its commitments.
Thanking You,
Yours Faithfully For Axis Trustee Services Limited
AXIS TRUSTEE SERVICES LTD. (A wholly owned subsidiary of Axis Bank)
22 24984171 National Stock Exchange of India Limited, "Exchange Plaza", 5th Floor, Plot No.C/ 1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
Scrip Code : M&MFIN
Dear Sir,
Sub : Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audited Financial Results of the Company for the year ended 31st March, 2018 and related disclosures
Pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ["Listing Regulations"], we wish to inform you that the Board of Directors at its Meeting held today i.e. 25th April, 2018 has inter cilia, approved:
1. The Audited Standalone Financial Results of the Company for the Quarter and Year ended 3181 March, 2018.
2. The Audited Consolidated Financial Results of the Company and its subsidiaries for the Quarter and Year ended 31st March, 2018.
Accordingly, we are enclosing:
i. The Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended 31st March, 2018, together with a copy of the Press Release.
ii. The Reports of the Statutory Auditors on the Standalone and Consolidated Financial Results of the Company for the Financial Year ended 31st March, 2018, issued by the Statutory Auditors, Messrs. B S R & Co. LLP, as required under Regulation 33 of the Listing Regulations.
ws
is V i ri a °or ...S% „. o cr.
hllutnbai
Regd. office: Gateway Building, Apollo Bunder, Mumbai 400 001 India Tel: +91 22 2289 5500 I Fax: +91 22 2287 5485 I www.mahindrafinance.com CIN: L65921MH1991PLC059642 Email : [email protected]
0 f i nalk, /
Mumbai ,-, m H
Mahindra FINANCE
Page No . 2,
iii. Disclosures in accordance with Regulation 52(4) of the Listing Regulations.
Pursuant to SEBI Circular No. CIR/ CFD/ CMD/56/ 2016 dated 27th May, 2016, the Company hereby declares that the Statutory Auditors, Messrs. B S R & Co. LLP, Chartered Accountants, have issued the Audit Reports with unmodified opinion on the Standalone and Consolidated Financial Results of the Company for the year ended 31st March, 2018.
The Certificate of the Debenture Trustee, Messrs. Axis Trustee Services Limited, as required under Regulation 52(5) of the Listing Regulations is being sent shortly.
The Results have been uploaded on the Stock Exchange websites at www.bseindia.com and www.nseindia.com and on the website of the Company at the URL http: /`/ www .ma hind raf inance.com/ financial-resuits.aspx.
The Meeting of the Board of Directors commenced at 2.15 p.m. and concluded at 5.15 p.m.
We request you to kindly take the same on record.
Thanking you,
Yours Faithfully, For Mahindra & Mahindra Financial Services Limited
?AmPAP-4 ...a
Arnavaz M. Pardiwalla r. .....c., Company Secretary & Compliance Officer
.4- cn, .,-- o 1,5 r... N iri a (0 .- N U) CO co co CO 0, CO OS CO OS OS c0 .- OD co
0 ..-
co cri e 0 01 OS cl (13-
et, in N p... ei CO
10 .4-
Nri I.- I.- ei CO
0, .4.
.4 N ei CO
1...
CO v. el LA)
te •o•
..- 0 ed g No ,--, 3
0, 8
05.4
7
Oi to
• •
52,9
69
.98
1.8
06.3
1
51
, 163.6
7 (0
c, o)
0 o, 0)
e . 10 .-
0 N 4, CI ( A
ud
ited
)
8,5
3,3
14.6
4
8,5
7,3
49.67
CI .-
N. (f•- •- . ,—
(ID (0.
0, csi •cr - en
t . 7
N to US
0 ....,
c.-, r-- Ni n). r•
N op
cri CO
.4 N-
.., 01
(6 01 ler 1
,61
,099.9
3
5,0
73 72
in up
0- 1- 46 (0 •,.
'
WI co C4 I.- ....
tO (0 6
7,6
31.9
6
61
,030.2
7
CO N ..i i
of 0 ,...
• • •
1,0
5,1
43.3
8
2.7
52 2
5
N
7, N cst 0
N CO
7 N:
CC OD
,...
Qu
art
er
en
ded
31
Ma
r ch
20
17
(Aud
ited
)' N
N
Oai co O.I .- N1
N 0 o) at 0,
2,1
3.2
57
.29
CO 1,1 r••.: cc, 0 •cr N
CO CO
tell el
N C5 OD
•- 0
co (O. .-
CD .-- ed N CO Is: OD
0 .1.
0 r.... ..0 01
14
, CO
.0
.er
.:. (0 .•-
OD 0)
.- '
10
v 44,8
15.9
8
44.8
15
.98
I
N I--. top... WI e N
V. 1--
U) 01 . .-- .__,
00 CI, r..- •-- N e 1-
0 0 ai CO Mt . N 2
8,5
98.0
0
7
76 0
7
27,8
21.9
3
ONE et
er, O. .1.
31 De
ce
mb
er
20
17
(Un a
ud
ited
)]
2,1
8,2
45.4
6
CO co ai N 10 ai .1- N
(0 (0 7 r•-• r.... op 01
0 .-. cci 0) el N: 03
1... CO 5r co M. v-
1
oi CO 0/ 01 N
1.-- cm
3 te c‘i
1,6
6,3
35.8
3 I
(0 N 7 1'1 . , •-• O N u) to 5
8, 2
64
.87
58
,264
.87
29, 4
14
21
cm 7
<, 7 .- N
• •
.4 o; r- rpr, ui NI- 01 0, 7 u, r: en
a) N ci 0, er tO en
I,. al (0
CD v.) CD
31 Ma
rch
2018
• ....3.
2 9 7 < 2
,49
, 70
1.3
5
2, 5
0,6
57.3
2
(0 ,•1 oi N .- wi CI
I.- cO. o I-- o) a on
.- q tn •- al .-
CO OR co CO .- ai 7
•- r"" tri r.... to cri NJ
1,6
9, 3
54.5
7
(0 Is. csi ' 0 to
0.3 81, 3
02.7
5
up 1.- c.i 0 c" CO 2
4,1
39.0
4
N .- 0, 0,
N of
4 . , ,- CI .: V,
. . , 4 N . ..- •.- ...- N elCO
(0 •••• ,-
. to . a) CO 0, 0 V,
V V oD
es, .4: Co
Pa
rtic
ula
rs
e)
Oth
er e
xpe
nse
s
To
tal
ex
pen
ses
Pro
fit
bef
ore
ex
ce
pti
ona
l and e
x tra
ord
ina
ry ite
ms a
nd tax (
3-4
)
Ex
ce
ptio
nal ite
ms
(re
fer
note
12)
Pro
fit bef
ore
extr
ao
rdin
ary
ite
ms a
nd
tax
(5+
6)
Ext
rao
rdin
ary
ite
ms
Earn
ings p
er
sh
are
(fa
ce v
alu
e o
f R
s. 2
/- e
ach
) #
a)
Basi
c ( R
s.)
b)
Dilu
ted
( R
s.)
N co sl• (+1 OD 1.••• c0 Co 0 4-.
•- N O) •cr (0 (ID I, 00 ..-
AU
DIT
ED
BA
LAN
CE
SH
EE
T
CO
NS
OLI
DA
TE
D
As
at
31
Mar
ch
20
17
11,3
00.8
3
6.8
4,71
4.72
10 6 oi .4- 6 e co CO
.- - 6 CO 6 a
.1. 0 0 6 - CD oi 6 1.-- V CD 6 ....- - - N ,-4 a, 4 6 .4 N
CI CO oi CO 0) id 0 6 N
N g F) h
0 S 19-• 2 .4 ef ei t- r- CD N- N: N ci .--. .-
3
N .:
20,2
0,30
7.8
3 I
53,2
2.29
2.32 I
N 6 N. ,‘" .- en N 10 03 M. h 4' ° " CD NI ‘- " 6 6 a N cti 4 no o 6 to a, .- 0 CV 0 .1. N. NI CrI ‘- N cr, in oi N '''' N. N. •.- ,-
6 N
co 'N CO a' of CO of N
Z.; ̀a;)-' A r's 2 6 6
0)01003010 10 N ol CO CI N N d - 6 LL') ED 0
N N 23
.28,
301.
03 1
N N
As
at
31 M
arc
h
2018
3 2 6 co A 01. N N CY 4-• N-
6
co to 6 CO 0) a N e .
4 NI 3 8 2 N ' .4 4 tri ac, N t- to '- V V at N: - r- _-,i- N- 0 47 . ,.. - ,..t -1. ,-
,c2 co a'_, 0 N 6' N 63
.53.
846.80
g ''. tOO:)
NNLO .
,COo Y v u
CI:, 6 6 N- 6 t- co 4 N
VI CV N •cl. CO N CO N- a, U) co Cn C*1 CO .- N f U) 6 .- 1.- CD co
A
is 6 N en of to e C.,
m m CO 03 0 0 cn C--. 1`... 'cl.
6 N o6 N 1.47) I' C.) 0 CO 7 . L. C°. Cn. ..- CO CO N- 0 4 -4 r..- t-
a N 26
,84,
521.
05
63,5
3,84
6.80
ST
AN
DA
LON
E
As
a t
31 M
arch
20
17
11.3
00 8
3
6
.36.
423
59
21, 4
1,24
0.0
7
42.7
40.1
0
54,8
90.3
5
N .0 6 r- CO Co. . N N
1.... 8 8 N L°. N 6 4 A to 6 N. 0 ist W. , 'C.
0) Is. OD ..- N- 0 0, CO a 0 -
1 16 97
,088
.65
1 45
,83.
683.59
3 2 8 CD a) en o
vl 0 0 CO co r--- o ri 6 0 6 3 r9 v N- 6 6 r-
.- ..- 0 CO ci - . - -
t- o-, oo .- .- c” r- N 1-
N N
6 I- - t- In 4 N
N o 0 (0 0 V) I-- IQ .17: 10 F) N CO N 6 CO CO 0 V 0 .- 0 CO 0 0 a ,-- -- a 4) ,n ,-
6 N 21
, 32,
513.62
45,8
3,68
3.59
As
at
31 M
arch
2018
12,2
89 5
4
9,1
8.01
9.18
10 to .4 oa N ccr O
ol
0 N .- CO co . 0 . 0 ' g L`r9 oo
V' Sr. CO at C5 CO 6 oo c Off) ‘-'4. COO
,- 19,9
7,73
7.18 1
o-
0 0 6 co N 6 en An
V) N- CD CO ..- 0 ,,, CA 0 N 0 CNI N 6 ' t- cr, 6 6 to NI 0) 0/ C') CO N I"- N. M Cn 4" .- 6 o 74 6 ..-. v. N. .
c.,
0 •Cl. N 10 ''' N: 0
a,
2 CO 8 .7) 6 tO
1.17 N N •- 0 CV Cl. 1- Q Cl2 ./ N. '- L. t- 6 6 .7- 4 ol t-
N 24,2
9,01
3.10
54.3
6.78
0.55
Pa
rticu
lars
14 -to a
-.) Z .7 V.: RI .c 6
2 . . . 2 .6 u)
ra el o P i ri Ed 0 cr ' -0 = a i 2 G -4 a,' „,„Z co 0, a -.. 3 ,t6 9.,,,
ZS 2 iTi. E a
W CO
._ 2 - 2 - b .c o 0
,?,. :a 2 2 'E t Y a o z
r 5 2 .ra = co
2 N?
8 :8 ! . s .0 .11 - Az :6 g A . .,,, c t '' 6 a" =E 0E e: .92 E 01 07 01 a BE -1 0 -I g -ri E V Z
. u, i w z m
t M t 1=1 7 Z co a . « 3 2 a .6 1 LI 7 • u) _1
0 1-
rr, H E. 92 c
.c E EL ci) 2 -c C c LL, . -r1 g
o E " 0, co (. .s .0 2 g E
s = ..5 • 71 L 2 2 t g .-,,
w.2 7,9" .g § a tr'00.‘g z 4'2 C '• ' - 'ci, 7) E, .9. S' = . 3 o'vp,2 o w '' = E - ... - . I- /1, C0 I- tr.... tr., 0 C 111 ^ " 0 N co .o c..7 iii- co 0 ••C
I
1- a
Nii,-7.
.4 2 . E ,- 9 = c o Z
z :9; .6 C to
. E . o. 2 0 m
1 8 . U go 5 43 c o- Le ■4-3 tii. -ti 1;11 i co .- c a) ....... u, I' g. 79 ' i
ic
0 0 11 % c° i rl' '' :7; 0, 21 2 c s c 8 L ea '2, cL ̀I g 2 E c
.c =c E g 0 c 6 g. E. s -. 6 c 2 =
0 0 8 8 Y 6 t) a ii L'g3ozVE-E 9 LL " " ..-. ^ Z 0 ...I 0 e '= 2 .a 5. 0 ra E ii S Z.. Z
N
B <9,
‘`.3,
IC3 -2 2
0 1,5 ,,,
5 . ..._
ff' o cr . .'„
E 11 _.`" 2
-• 'i . a iS .' _. t 4 c oo ff e iii 1 2a, 2 4') 3 m L ,=, c t 45
u, 0 -.E. c E .0 .c , o r- o co 0 1: U
m .0 0 IV 0.1 7 L)
4 u) co I- co LL O) U) . „, 0 . t _1 = .4 0 1- . 0 2 '- o ..... .21 =
i n
0 1 IC c
..-
n 2
e
< •-• N el et M ... CV
O1 kg "2 ;-c E
o
01 a
11)
Dur
ing
the y
ear e
nded
31
M
arch
2019
, the
Com
pany
has
mad
e fo
llowi
ng in
vest
men
ts:
cn a c2 .g t 2 3 811 . ] et ae ...- = ,,, E c̀e E c" 82
3 i P . '8 z, § E g 2 co 0-3-i o-s-
-5 -5 . E7 5, co E.) ,g72 U 2 1 m 8 . e C -E
G 6 1) 77 . -. co. 0 2g ..E i: 212
2 ' CO g e
›: .9 C5 5S
2 .c'
i . V a 2 E 5 St 8 g-
8 11 6 3 a,c, N
oc °°g cs c-) cn u_ D3
3 a . 8 -u-i 2 0 . aE F. 2; cro o ..
2 .
.. -a . 2 5
” . 2 . . . 48, . 4 5 A*. O 2 3
.. s. A 2 •'
; 3 .... t,- Tis 26 fi w cr
a,','- a, g r);3. cr, o '17, 5 aR ;§ . 3 g 0-• ,. _,.. 19 d
Q d .0S — ui n at 6 ce -o° CC 1(123 E c'v ed 4_1.: of, 2 co o co - o •- >, 0 2 P . . RI F2
.15 l' -0 E e ,..,
,1. til, r z me .03 '0 0) .05 V .a'• 2 iii € 2 2 E. 5,- orm •2 c. .o >, A w .2 82'2 .3 lTs S -. .. .g ii i i 6 0
.. L'i 47 72 E P C 0§
o d al 8 .g oi w 0- r1 >, / I ?pi) E c cc 3 ,,' 'L - 2 -q 2 s 5 >• w .
5 ^
5 19 8 G c.3e, i2 8-3 > 5 2E5 "') 2 .. 0
i t 2,2 =a, z a' G 4 8 5 2 6 . 4` 0›.. .0 8 w .0 - 4 2 c6. 218 .-.7; gni , _,,,, .d-6 x'g ;8 1 _, ..A
<= 2= 6 LL * 's • w 02 'E 2'. 2 .°. .idS El"; .E. :8 al ,-: ...7, T T ac,03 (e=°I 2 'D il
?-Ii' iii hl coom 0690 5 cq.c.
Eg CL RI >, 2 • Sg .. ..g.E @,:,,L 1:1 7, m
y
-.,57 CO . › . 0 .g% a . O.. 2 E ...,.. 2 79 Li 3 i -1 §2= 8 " 2 E Mg 0,--- -EE2 457i
,g22 .Pg G til; c7; , fig3 ii:g5
cOm 3- 2..-5 2 c.i E — . . — 2 '7 g v, E
Ec‘Li a0 o Ea r, p2 1 3 3 S' -T-- I' o FP'
.,-: gtf,' ..„-A i g- i, -EgF,,.. ( '- N., E, "a; 2 g
7- 'un c2Ra cOE CD.
LO
0 i' fi 8 e ' g ..E 502 2g cli-F, "2 - 0 -='Fb -6— -.2 .E.. 5 8 g gu,) LI W 1f 2 '''t Ug 2= .3 -3 .g 2 Or.7°_ -5 71,- -2 01 , it, -g 2" 2 . -sr. :5 3) 12 0 .2 3 0 -wE 2J '0,
g CL_ ‘a, m-E 3 2 ig7, 8gs. 02A
co 02 0.c 80 d c 1 2 ›,„,.=
N .- mo:5 oqg uko, m= g.2° `" ,o m ma
tNi co r..., -F,:g E if, N c E cts, 6o-c
1:',i1 ELdi =2 := 2 :2 5 .E.r :27C8 (E0: 12
N
13)
Tax e
xpen
se fo
r the
yea
r end
ed 3
1 Mar
ch 2
018
is n
et of R
s.512
.78
lakh
s on
acco
unt o
f adj
ustm
ent t
owar
ds e
xces
s pro
visio
n for
ear
lier y
ears
.
14)
Prev
ious
per
iod / y
ear f
igur
es h
ave
been
regr
oupe
d / r
eclas
sified
, whe
reve
r fou
nd n
eces
sary
, to
conf
orrn
to c
urre
nt p
eriod
/ yea
r cla
ssific
atio
n.
O
2 5 0-
42 2 o
Ma
hin
dra
& M
ah
ind
ra F
ina
nc
ial Serv
ices L
imit
ed
Seg
men
t-w
ise R
even
ue,
Res
ult
s, A
sset
s and
Lia
bil
itie
s fo
r C
on
soli
dat
ed
res
ult
s u
nd
er R
egu
lati
on
33
of
the
SE
BI
(Lis
tin
g O
bli
gati
ons a
nd
Dis
clo
sure
Req
uir
eme
nts
) R
egu
lati
on
s, 2
015
Rs.
in
Lak
hs
31 Mar
ch
2017
(Au
dit
ed) N- W
CV W N oi c) O) co
Ooo cO ,- N.:
CV OR a) ,- CV I. CV NZ
V' r-- ci co )- 14 :
7,20
,065
.08 I
77,6
70.6
0
6,10
4.85
83,7
75.4
5
LO '4'. U) o- )4 co CO
52,2
4,01
5.72
N co N 0) N
o N.i
el Lc) 46,1
3,60
0.3
3
CO co co; a) N ao .,_
ai <
31
Mar
ch
2018
(Au
dit
ed)
8,44
,864
.40
26,8
59_6
0
8,7
1,72
4.00
8,62
,423
.39
1,61
,866
.41
4,30
7.24
1,66
,173
.65 N
W ri o- •c- co" cci ,-
CO CO )- u-) .-- ..- v. W N
N CD N- co ..- 0)
CV CO N.: co Lo co c),
63,5
3,84
6.8
0
53,3
9,66
8.99
53 4
7 94
1 55
31
Mar
ch
2017
ill N :.- la m Q 2,
09,4
04.1
9
5,7
12
.52
n- e*: CD ..- ..- ui ‘- N
N "4' 0 Lc) co ,-
2,13
,257
.29
42,6
81.6
5
2,13
4.33
44,8
15.9
8
44,8
15.9
8
52,2
4,01
5.72
N el N a) ot, o,
ri LO
"
46,
13,6
00.3
3 CD ul. ca a) " ici
eci <
31
Dec
emb
er
2017
(Un
aud
ited
) N CV V' CO M ,CF N.. CD N- N- O cc; N CV. 2,
27,5
68.2
4
I 2
24,6
00.70
57,5
81 35
683.
52
1•••• Cq CO CO 0.1 CO U, 58
,264
.87
58,4
7,39
2.22
59,6
2,66
5.52
50,0
3,43
0.13
50,1
0,12
0.54
31 M
arch
20
18
(Au
dit
ed)
c.0 N..
N 0.1 N N- V' CO W 0 Nt N 2,
53,0
99.8
6
2,50
,657
.32
N co CO 07 N ai 0) 0 CV 0 0 N N- 81
,302
.75 1
81,3
02.7
5
62,4
1,1
51
86
63,5
3,84
6.80
53,3
9,66
8.99
53,4
7,94
1.55
Part
icu
lars
w
2 2 C ? cu 5 co> (13
Ce CO
.E. .5 12 '''' (S' 2 c-6 ccis,i , 0 r,
(1) . , I-
14' co 4-. Q)
a.) :2:3, = .o c 0.) V > 2 2
"E'
O I- ■-••• <L) u)
E cm 5 a) T w "'''' ■.= 7 Ce N c 4... -. 0 C — > cp
;,). E E T, iv, 7,) _1 z co
w ID F_ t; a' 0 .E
0 F2
c ,
2 .c —..
it O '
. , I-
2 c...-9 C N a x N
2 0 To c c
tc' c N E 8
. 2 -c) )4 g .1.1 c .
-F3 e '
S 42 %
ai u, Cr) 'a < -E, it:
0 0 t
,_ 0
a. E -0 cv, gi
< Z co
-:12 a) 2
U) co • • (1) I) 2 .5 ::
t5 T2 as 2 cci
Cn To n .c c ... 5 e ,,== C C ci) qj w 2 .c .c —... E it 0 0 g g,
N. M. Joshi Marg, Mahalaxmi Mumbai - 400 011 India
Independent Auditor's Report on Quarterly Consolidated Financial Results and Consolidated Year to Date Results of Mahindra & Mahindra Financial Services Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of Mahindra & Mahindra Financial Services Limited
We have audited the quarterly consolidated financial results of Mahindra & Mahindra Financial Services Limited (`the Company') and its subsidiaries and joint venture (together referred to as the "Group") for the quarter ended 31 March 2018 and the consolidated year to date results for the period 1 April 2017 to 31 March 2018 (the 'Consolidated Financial Results'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (`SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. These consolidated quarterly financial results as well as the consolidated year to date financial results have been prepared from the consolidated financial statements, which are the responsibility of the Company's management. Our responsibility is to express an opinion on these Consolidated Financial Results based on our audit of such consolidated financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards mandated under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
Attention is drawn to the fact that the figures for the quarter ended 31 March 2018 and the corresponding quarter ended in the previous year as reported in these Consolidated Financial Results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter for the relevant financial year. Also, the figures upto the end of the third quarter of the current year have only been reviewed and were not subjected to audit.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
We did not audit the financial statements of three subsidiaries included in the Consolidated Financial Results, whose financial statements reflect total assets of Rs. 45,658.44 lakhs as at quarter and year ended 31 March 2018; as well as total revenue of Rs. 9,672.75 lakhs and Rs. 26,859.60 Lakhs for the quarter and year ended 31 March 2018 respectively. These financial statements and other financial information have been audited by other auditors whose reports have been furnished to us, and our opinion on the Consolidated Financial Results, to the extent they have been derived such financial statements is based solely on the report of such other auditors.
B S R & Co (a partnership firm with Registration No BA61223) converted into B S R & Co LLP (a Limited Liability, Partnership
with LLP Registration No. AAB-8181) with effect from October 14, 2013
Registered Office: 5th Floor, Lodha Excelus Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi Mumbai - 400 011 India
B S R & Co. LLP
Independent Auditor's Report on Quarterly Consolidated Financial Results and Consolidated Year to Date Results of Mahindra & Mahindra Financial Services Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)
Mahindra & Mahindra Financial Services Limited We did not audit the financial statements of the joint venture included in the Consolidated Financial Results, whose financial statements reflect total assets of Rs. 340,939.06 lakhs as at quarter and year ended 31 March 2018; as well as total revenue of Rs. 4,665.68 lakhs and Rs. 17,753.18 Lakhs for the quarter and year ended 31 March 2018 respectively. These financial statements and other financial information have been furnished to us by management and our report on the Consolidated Financial Results in so far as it relates to the amounts included in respect of this joint venture is based solely on such financial statements certified by management. Our opinion is not modified in respect of the said matter.
Attention is drawn to the fact that the figures for the quarter and year ended 31 March 2017 as reported in these Consolidated Financial Results were audited by another auditor who expressed an unmodified opinion on the financial results for the quarter and year ended 31 March 2017 dated 25 April 2017.
In our opinion and to the best of our information and according to the explanations given to us, these consolidated quarterly financial results as well as consolidated year to date results:
i. include the quarterly financial results and year to date financial results of the following entities:
Name of the entity Relationship
Mahindra & Mahindra Financial Service Limited Holding Company
Mahindra Insurance Brokers Limited Subsidiary
Mahindra Rural Housing Finance Limited Subsidiary
Mahindra Asset Management Company Private Limited Subsidiary
Mahindra Trustee Company Private Limited Subsidiary
Mahindra Finance USA, LLC Joint Venture
ii. have been presented in accordance with the requirements of regulation 33 and regulation 52 read with regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended in this regard; and
iii. give a true and fair view of the consolidated net profit and other financial information for the quarter ended 31 March 2018 as well as the consolidated year to date results for the period from 1 April 2017 to 31 March 2018.
For B S R & Co. LLP Chartered Accountants
Firm's Registration No: 101248W/W-100022
Venkataramanan Vishwanath Mumbai Partner
25 April 2018 Membership No: 113156
Floor, status.
lls Compound, Josh! Marg,
abalartml, bal - 400 011
India.
B S R & Co. LLP Chartered Accountants
5th Floor, Lodha Excelus, Telephone +91 (22) 4345 5300 Apollo Mills Compound Fax +91 (22) 4345 5399 N. M. Joshi Marg, Mahalaxmi Mumbai - 400 011 India
Independent Auditor's Report on Quarterly Financial Results and Year to Date Results of Mahindra & Mahindra Financial Services Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
To the Board of Directors of Mahindra & Mahindra Financial Services Limited
We have audited the quarterly financial results of Mahindra & Mahindra Financial Services Limited (`the Company') for the quarter ended 31 March 2018 and year to date results for the period 1 April 2017 to 31 March 2018 (`the Financial Results'), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (`SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. These quarterly financial results as well as year to date financial results have been prepared on the basis of the standalone financial statements, which are the responsibility of the Company's management. Our responsibility is to express an opinion on these Financial Results based on our audit of such standalone financial statements, which have been prepared in accordance with the recognition and measurement principles mandated under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.
Attention is drawn to the fact that the figures for the quarter ended 31 March 2018 and the corresponding quarter ended in the previous year as reported in these Financial Results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter for the relevant financial year. Also, the figures upto the end of the third quarter of the current year have only been reviewed and were not subjected to audit.
We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.
Attention is drawn to the fact that the figures for the quarter and year ended 31 March 2017 as reported in these Financial Results were audited by another auditor who expressed an unmodified opinion on the financial results for the quarter and year ended 31 March 2017 dated 25 April 2017.
B S R & Co (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability, Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013
Registered Office: 5th Floor, Lodha Excelus Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi Mumbai - 400 011. India
B S R & Co. LLP
Independent Auditor's Report on Year to Date Financial Results of Mahindra & Mahindra Financial Services Limited pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)
Mahindra & Mahindra Financial Services Limited In our opinion and to the best of our information and according to the explanations given to us, these quarterly financial results as well as year to date results:
i. are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended in this regard; and
ii. give a true and fair view of the standalone net profit and other financial information for the quarter ended 31 March 2018 as well as year to date results for the period from 1 April 2017 to 31 March 2018.
For B S R & Co. LLP Chartered Accountants
Firm's Registration No: 101248W/W-100022
WA4A.J., Venkataramanan Vishwanath
Mumbai Partner
25 April 2018 Membership No: 113156
Mahindra FINANCE Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 4th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018, India.
The Manager-Listing Department, National Stock Exchange of India Limited, "Exchange Plaza", 5th Floor, Plot No.C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
Scrip Code : M&MFIN
The General Manager-Department of Corporate Services,
Sub : Half Yearly Compliance as per new Listing Agreement for Debt Securities and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir, With reference to the above subject, we are sending herewith the following details.
1. Credit Rating: 1 Long Term / Subordinate Debt INDIA Ratings IND AAA/Stable 2 Commercial Paper INDIA Ratings IND A1+ 3 Long Term / Subordinate Debt CARE Ratings CARE AAA/Stable 4 Subordinate Debt Brickwork Ratings BWR AAA/Stable 5 Fixed Deposit Programme CRISIL Rating FAAA/ Stable 6 Long Term / Subordinate Debt CRISIL Rating CRISIL AA+ / Stable
CRISIL A1+ 7 Commercial Paper CRISIL Rating
2. Debt Equity Ratio: Debt Equity Ratio of the company as of 31st March, 2018 is 4.24:1 as per the Audited Accounts
3. Previous due date for the payment of debenture Interest / Principal for the period October 2017 to March 2018: All the amounts due were duly paid as per attached Annexure I
4. Next due date for the payment of debenture Interest / Principal for the period April 2018 to September 2018: As per attached Annexure II
Regd. office: Gateway Building, Apollo Bunder, Mumbai 400 001 India Tel: +91 22 2289 5500 I Fax: +91 22 2287 5485 I www.mahindrafinance.com CIN: L65921MH1991PLC059642 Email: [email protected]
C Page No .
5. Outstanding redeemable preference shares: NIL
6. Debenture Redemption Reserve: As per Section 18(7)(b)(ii) of Companies (Share Capital and Debenture) Rules, 2014 read with the 2013 Act, no DRR is required in case of privately placed debentures and adequacy of DRR shall be maintained in case of Public Issue of debentures issued as per SEBI (Issue and Listing of Debt Securities) Regulation, 2008, by NBFCs registered with the RBI under Section 45 IA of the RBI (Amendment) Act, 1997.
7. Net Worth : Rs.9,30,308.72 lakhs
8. Net Profit after Tax : Rs.89,188.43 lakhs
9. Earnings per share (Basic) : Rs.15.35
Thanking you,
Yours/faithfully, For hindra & Mahindra Financial Services Ltd.
About Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s
leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 5.3
Million customers and has an AUM of over USD 8.49 Billion. The Company is a leading vehicle and tractor
financier and also offers fixed deposits and loans to SMEs. The Company has 1,289 offices across the country.
Mahindra Finance is the only Non-Banking Financial Company from India to be listed on Dow Jones Sustainability
Index in Emerging Market Category. Mahindra Finance has been ranked in Top 15 India's Best Workplaces to
Work in BFSI, 2018 by Great Place to Work® Institute India. We have also been recognized as Aon Best Employer
2017 and Best BFSI Brands 2018 by The Economic Times.
The Company's Insurance Broking subsidiary, Mahindra Insurance Brokers Limited (MIBL), is a licensed Composite Broker providing Direct and Reinsurance broking services. Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country. Mahindra Asset Management Company Private Limited (MAMCPL), a wholly-owned subsidiary of Mahindra
Finance, is acting as the Investment Manager of Mahindra Mutual Fund.
The Company has a JV in US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra tractors in US.
About Mahindra
The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative
mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering
communities. It has a leadership position in utility vehicles, information technology, financial services and vacation
ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in