Latest news with #3MIndia
Hans India
28-05-2025
- Business
- Hans India
3M India's Q4 net profit drops nearly 59 pc, declares Rs 160 dividend
Mumbai: 3M India Limited, the Indian entity of the US-based 3M Co., on Wednesday reported that the company's net profit fell by 58.7 per cent year-on-year (YoY) to Rs 71.37 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to Rs 172.85 crore in the same quarter previous fiscal (Q4 FY24). One of the key factors affecting the profit was a sharp rise in tax expenses. The current tax more than doubled to Rs 146.73 crore in the fourth quarter, compared to Rs 58.34 crore in the same period previous fiscal. However, revenue from operations increased by 9.48 per cent to Rs 1,198.23 crore in Q4 FY25, up from Rs 1,094.54 crore in the year-ago period, according to its stock exchange filing. For the full financial year FY25, 3M India's net profit declined by 18.4 per cent to Rs 476.06 crore, down from Rs 583.41 crore in the previous financial year (FY24). However, revenue from operations for the full year rose by 6.1 per cent, reaching Rs 4,445.55 crore, compared to Rs 4,189.36 crore in FY24. The company also saw a rise in total income, which went up by 7.74 per cent to Rs 1,211.74 crore from Rs 1,124.72 crore in the year-ago period. On the other hand, total expenses for the quarter slightly declined to Rs 225.22 crore, the company said in its regulatory filing. The company's board has recommended a final dividend of Rs 160 per equity share and an additional special dividend of Rs 375 per share, both on a face value of Rs 10. In terms of segment performance, the healthcare division showed strong growth, with revenue rising 17.6 per cent to Rs 233.72 crore from Rs 198.74 crore last financial year. The safety and industrial segment also performed well, growing by 14 per cent to Rs 381.45 crore, compared to Rs 334.09 crore in Q4 FY24.
Business Standard
28-05-2025
- Business
- Business Standard
3M India slips after Q4 PAT skids 60% YoY
3M India fell 1.13% to Rs 29,699.55 after the company's net profit fell 60% to Rs 71 crore, while revenue from operations rose 9% to Rs 1,198 crore in Q4 March 2025 over Q4 March 2024. Profit before tax (PBT) stood at Rs 225 crore in Q4 FY25, down 3% year-on-year, but up 46% quarter-on-quarter. EBITDA came in at Rs 240 crore, down 2% YoY, but jumped 40% sequentially. The company's net profit fell 38% while net sales rose 10% in Q4 March 2025 over Q3 December 2024. For the full year FY25, revenue from operations grew 6% to Rs 4,446 crore, while net profit declined 18% to Rs 476 crore. EBITDA remained flat at Rs 840 crore, and PBT dipped 1% to Rs 773 crore compared to FY24. Commenting on the fourth quarter and financial year ended March 31, 2025, results Ramesh Ramadurai, managing director of 3M India, said "For the quarter, Transportation & Electronics grew 2.1%, Healthcare grew 13.5%, Safety & Industrial -14.4%, Consumer 14.9% versus prior year. For the Financial Year 2024-25, Healthcare business led the companys growth, followed by Consumer business. Our teams continued to execute well, with focus on customers and supply partners. I would like to thank our employees for their dedication and customer focus, and to all our stakeholders for their support to our Company." The board recommended a final dividend of Rs 160 and a special dividend of Rs 375 per equity share of Rs 10 each. 3M India is the Indian arm of the US-based multinational conglomerate 3M Company. The company operates across multiple sectors in India, offering a diverse range of products that cater to both industry and everyday consumers.
Business Standard
28-05-2025
- Business
- Business Standard
3M India standalone net profit declines 55.74% in the March 2025 quarter
Sales rise 16.03% to Rs 1198.23 crore Net profit of 3M India declined 55.74% to Rs 71.37 crore in the quarter ended March 2025 as against Rs 161.24 crore during the previous quarter ended March 2024. Sales rose 16.03% to Rs 1198.23 crore in the quarter ended March 2025 as against Rs 1032.72 crore during the previous quarter ended March 2024. For the full year,net profit declined 18.40% to Rs 476.07 crore in the year ended March 2025 as against Rs 583.42 crore during the previous year ended March 2024. Sales rose 6.12% to Rs 4445.56 crore in the year ended March 2025 as against Rs 4189.36 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1198.231032.72 16 4445.564189.36 6 OPM % 18.9219.53 - 17.3118.12 - PBDT 238.92227.96 5 828.70834.16 -1 PBT 225.22215.24 5 773.41781.22 -1 NP 71.37161.24 -56 476.07583.42 -18
Reuters
28-05-2025
- Business
- Reuters
3M India posts profit fall for third straight quarter on higher costs
May 28 (Reuters) - 3M India ( opens new tab reported a fall in profit for the third straight quarter on Wednesday as higher costs overshadowed demand for its diversified products such as 'Post it' notes and 'Scotch Brite' scouring pads. The company's profit after tax slumped 59% to 713.7 million rupees ($8.4 million) for the fourth-quarter ended March 31. In the previous two quarters, it posted a profit fall of 16% and 8%, respectively. Cost pressures have squeezed margins at the U.S.-based 3M's (MMM.N), opens new tab India arm on intensifying competition from local rivals, and as customers cut back on spending due to inflation. Last month, parent 3M beat first-quarter profit estimates but flagged that U.S. tariffs on imports could hit its 2025 earnings. Total expenses rose 10.4%, eclipsing a 9% rise in revenues. Revenue in its transportation and electronics segment grew 2%. The segment accounts for roughly 40% of the topline and counts products such as sealants, screen guards and industrial tapes among its lineup. Its second-biggest business, the safety and industrials segment, as well as the healthcare segment, both posted a nearly 14% growth in revenue. Shares of the company fell about 2% after the results. ($1 = 85.3875 Indian rupees)
Business Standard
28-05-2025
- Business
- Business Standard
Stock Alert: LIC, Bharat Dynamics, JK Lakshmi Cement, NMDC, DCX Systems
Securities in F&O Ban: RBL Bank shares are banned from F&O trading on 28 May 2025. Upcoming Results: 3M India, Avanti Feeds, Bata India, Birlasoft, Cummins India, Deepak Nitrite, Elgi Equipments, EMS, FDC, Finolex Cables, Granules India, Heidelberg Cement India, Hinduja Global Solutions, Indian Railway Catering And Tourism Corporation, Jindal Worldwide, JSW Holdings, Juniper Hotels, Natco Pharma will declare their results later today. Stocks to Watch: Life Insurance Corporation of India (LIC) reported 38.1% jump in consolidated net profit to Rs 19,038.67 crore, despite a 3.6% decline in total income to Rs 2,44,088.33 crore in Q4 FY25 over Q4 FY24. JK Lakshmi Cements consolidated net profit jumped 13.9% to Rs 183.54 crore on 6.6% increase in net sales to Rs 1,897.62 crore in Q4 FY25 over Q4 FY24. Bharat Dynamics reported 5.5% decline in consolidated net profit to Rs 272.77 crore in Q4 FY25 as compared with Rs 288.78 crore in Q4 FY24. Net sales surged 112.2% YoY to Rs 1,800.55 crore in Q4 FY25. NMDCs consolidated net profit increased 4.6% to Rs 1,477.68 crore on 7.9% rise in net sales to Rs 7,004.59 crore in Q4 FY25 over Q4 FY24. DCX Systems reported a 37.2% decline in consolidated net profit to Rs 20.70 crore on 26.3% fall in net sales to Rs 549.96 crore in Q4 FY25 over Q4 FY24.
