3M India Ltd Share Price – NSE  / BSE

Diversified, Small Cap

3M India has appointed Kong Sau Wai Elizabeth (DIN: 10879418) as an Additional Director in the category of Non-Executive and Non-Independent Director, effective 01 January 2025.

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Profit before tax (PBT) dropped 6.54% YoY to Rs 183.10 crore during the quarter.

EBITDA stood at Rs 201 crore in Q2 FY2, registering the de-growth of 4% as compared with Rs 210 crore posted in corresponding quarter last year.

In Q2 FY25, revenue from safety & Industrial segment stood at Rs 360.42 crore (up 8.56% YoY), revenue from Healthcare stood at Rs 232.32 crore (up 19.33% YoY), consumer segment stood at Rs 124.74 crore (up 8.32% YoY) while revenue from transportation & electronics business was at Rs 385.34 crore (down 1.4% YoY)

Ramesh Ramadurai, managing director of 3M India, said, “The company delivered 7% sales growth in the current quarter versus corresponding prior year and growth of 6% on a sequential basis. Growth versus prior year was led by Health Care at 19%. Safety & Industrial and Consumer business segments delivered between 8% - 9% growth. Transportation & Electronics segment growth declined marginally by 1.4%.

The company delivered growth broadly in line with enduse markets, with outperformance in certain segments such as automotive, consumer and healthcare. We experienced cost headwinds both due to elevated freight costs as well as material cost increases. In this environment, our teams were focused on serving our customers efficiently through effective cross-functional collaboration.”

3M India is a diversified company engaged in manufacturing of, and trading in, a wide variety of products catering to the industrial, transportation, automotive, construction, engineering, healthcare, traffic and safety, household, and office segments. Its operations are broadly classified under five business segments: safety & industrial, transportation & electronics, health care, consumer and others.

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Net profit of 3M India declined 8.44% to Rs 133.78 crore in the quarter ended September 2024 as against Rs 146.11 crore during the previous quarter ended September 2023. Sales rose 6.86% to Rs 1110.80 crore in the quarter ended September 2024 as against Rs 1039.52 crore during the previous quarter ended September 2023.

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3M India will hold a meeting of the Board of Directors of the Company on 12 November 2024

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