Financial Statement Analysis of Mahindra and Mahindra

M&M’s revenue from operations comprised revenues from the sale of products, services, interest income from its financial services business, and income from long-term contracts, lease, and rentals. The other operating income came in the form of government grants, incentives, scrap sales, and others (Refer to Table-II for Components of Revenue from Operations). The revenue from operations excluded Goods and Services Tax (GST) payable to the government for the fiscal year 2018-19. For the fiscal year 2017-18, excise duty was considered, which later became a part of GST since it was introduced in the year 2017-18...