3M India has announced its financial results for the fourth quarter, revealing a significant decline in net profit despite modest growth in revenue and EBITDA.
The company reported a net profit of ₹71 crore, marking a 58.7% drop compared to ₹172.80 crore in the same period last year.
While profit fell sharply, revenue rose by 9.50% to ₹1,198.20 crore from ₹1,095 crore year-on-year. The company’s EBITDA for the quarter also saw a 5.80% increase, reaching ₹227 crore as against ₹214 crore in the corresponding quarter of the previous fiscal.
Operating margins came under pressure, slipping to 18.92% from 19.57% year-on-year.
In the meantime, 3M India shares opened today at ₹30,070, and at the time of writing, reached a high of ₹30,180 and a low of ₹27,830 in the session. The stock remains volatile, significantly below its 52-week high of ₹40,856.50 but above the 52-week low of ₹25,718.15.
