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14-Nov-2024

3M India

PAT decreased 8.44% on a standalone basis


'On standalone basis

Quarter ended September 2024 compared with Quarter ended September 2023.

Net sales (including other operating income) of 3M India has increased 6.86% to Rs 1,110.80 crore.  Operating profit margin has declined from 18.48% to 16.50%, leading to 4.57% decline in operating profit to Rs 183.33 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 35.75% to 39.41%.   Purchase of finished goods cost fell from 22.71% to 22.46%.   Employee cost decreased from 9.48% to 9.38%.   Other expenses fell from 12.94% to 12.80%.   

Other income up 4.19% to Rs 18.17 crore.  PBIDT fell 3.84% to Rs 201.5 crore.  Provision for interest up 486.67% to Rs 4.4 crore.  Loan funds declined from Rs 23.80 crore as of 30 September 2023 to Rs 10.17 crore as of 30 September 2024.  Inventories rose to Rs 637.56 crore as of 30 Septem...



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