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- 3M India Q1 Results Total Income at ₹1,06,832.74 Lakhs with Profit After Tax of ₹15,714.95 Lakhs
3M India Q1 Results Total Income at ₹1,06,832.74 Lakhs with Profit After Tax of ₹15,714.95 Lakhs
3M India Q1 Results reveal a 5.0% QoQ decline in Total Income to ₹1,06,832.74 lakhs, while Operating Profit of ₹191.88 Cr. and Profit After Tax of ₹15,714.95 lakhs both decreased by 9.0% QoQ. The Operating Margin for 3M India Q1 Results is 18.33%.
by P Nandhini
Updated Sep 14, 2024
Table of Content
3M India Q1 Results: 3M India declared its Q1 results for FY 2024-25 on August 6, 2024, showing a slight drop in revenue quarter-over-quarter (QoQ). The company's revenue from operations for the first quarter ended June 30, 2024, stood at ₹1,04,657.10 lakhs, which reflects a 4.4% QoQ decline compared to ₹1,09,454.63 lakhs in the previous quarter.
However, despite the dip in revenue, 3M India reported a profit before tax (PBT) of ₹21,096.51 lakhs, which marked a 9% QoQ decrease from ₹23,081.36 lakhs in Q4 2023. You can see that this is part of a broader trend of slightly lower revenues for the quarter.
In terms of year-over-year (YoY) performance, 3M India saw a steady growth in employee benefit expenses, rising to ₹10,660.35 lakhs, up from ₹9,223.48 lakhs in the previous quarter, representing a 15.6% QoQ increase.
The company's profit after tax (PAT) for Q1 FY 2024-25 came in at ₹15,714.95 lakhs, down 9% QoQ from ₹17,285.32 lakhs in Q4. Additionally, earnings per share (EPS) saw a decrease, with basic and diluted EPS dropping to ₹139.50, a 9.1% QoQ decline.
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3M India Q1 Results 2024 - 2025
Here is a summary of 3M India's Q1 Results for FY 2024-25. The table highlights key financial metrics, showing how the company performed quarter-over-quarter (QoQ) compared to the previous quarter. You can easily track the changes in revenue, expenses, and profits below.
| Metric | Q1 2024-25 (₹ in lakhs) | Q4 2023-24 (₹ in lakhs) | % Change (QoQ) |
|---|---|---|---|
| Revenue from Operations | 1,04,657.10 | 1,09,454.63 | -4.4% |
| Total Income | 1,06,832.74 | 1,12,472.63 | -5.0% |
| Employee Benefit Expenses | 10,660.35 | 9,223.48 | +15.6% |
| Cost of Materials Consumed | 43,392.40 | 41,402.27 | +4.8% |
| Depreciation and Amortization | 1,358.00 | 1,299.75 | +4.5% |
| Profit Before Tax (PBT) | 21,096.51 | 23,081.36 | -9.0% |
| Profit After Tax (PAT) | 15,714.95 | 17,285.32 | -9.0% |
| Other Comprehensive Income | 98.07 | 139.50 | -29.7% |
| Earnings Per Share (EPS) (Basic) | 139.50 | 153.44 | -9.1% |
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3M India Current Market Overview
3M India is currently trading at ₹35,520 per share, with a 1.16% increase in price. The company has a market capitalization of ₹40,031 crore, indicating its strong presence in the market. Over the past year, the stock has seen a high of ₹41,000 and a low of ₹28,424.
With a price-to-earnings (P/E) ratio of 65.5, the stock is relatively expensive compared to others. The company's return on capital employed (ROCE) is 40.5%, and its return on equity (ROE) stands at 30.5%, reflecting good profitability.
Despite a modest dividend yield of 0.45%, 3M India remains an attractive option for long-term investors.
| Metric | Value |
|---|---|
| Current Share Price | ₹ 35,520 |
| Price Change | +1.16% |
| Market Capitalization | ₹ 40,031 Cr. |
| 52-Week High | ₹ 41,000 |
| 52-Week Low | ₹ 28,424 |
| Price-to-Earnings (P/E) Ratio | 65.5 |
| Return on Capital Employed (ROCE) | 40.5% |
| Return on Equity (ROE) | 30.5% |
| Dividend Yield | 0.45% |
| Face Value | ₹ 10.0 |
Quarterly Results
Here are the quarterly results for 3M India for the periods of December 2023, March 2024, and June 2024. These figures highlight key performance metrics, including sales, expenses, operating profit, and net profit.
The table focuses on the most recent quarters to provide an updated overview of the company's financials:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr) | 1,006 | 1,095 | 1,047 |
| Expenses (₹ Cr) | 827 | 880 | 841 |
| Operating Profit (₹ Cr) | 179 | 214 | 205 |
| Operating Profit Margin (OPM) (%) | 18% | 20% | 20% |
| Other Income (₹ Cr) | 17 | 30 | 22 |
| Interest (₹ Cr) | 1 | 1 | 3 |
| Depreciation (₹ Cr) | 13 | 13 | 14 |
| Profit Before Tax (₹ Cr) | 181 | 231 | 211 |
| Tax Rate (%) | 25% | 25% | 26% |
| Net Profit (₹ Cr) | 135 | 173 | 157 |
| Earnings Per Share (EPS) (₹) | 120.05 | 153.44 | 139.50 |
About 3M India
3M India is a subsidiary of 3M Company, a global leader in innovation and manufacturing. The company provides a wide range of products, including medical devices, adhesives, automobile fillers, coatings, and consumer goods like Post-it notes and Scotch-Brite cleaning products.
3M India serves multiple markets, such as industrial, healthcare, electronics, and safety, with well-known brands like Nexcare, Command, and Littmann. Headquartered in Bengaluru, the company operates offices across major cities like Mumbai, Pune, and Hyderabad, and has manufacturing facilities in Ahmedabad, Bengaluru, and Pune.
3M Company USA holds a 75% equity stake in 3M India, making it a key player in the country’s industrial and consumer markets.
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3M India Q1 Results - FAQs
1. What was 3M India's revenue from operations for Q1 FY 2024-25?
3M India's revenue from operations for Q1 FY 2024-25 was ₹1,04,657.10 lakhs.
2. How did 3M India's Q1 FY 2024-25 revenue compare to the previous quarter?
It reflected a 4.4% decline compared to the previous quarter.
3. What was the profit before tax (PBT) for 3M India in Q1 FY 2024-25?
The PBT was ₹21,096.51 lakhs.
4. How much did 3M India's profit before tax decrease from Q4 2023?
The profit before tax decreased by 9% QoQ.
5. What was 3M India's profit after tax (PAT) for Q1 FY 2024-25?
The profit after tax was ₹15,714.95 lakhs.
6. What was the EPS (basic) for 3M India in Q1 FY 2024-25?
The EPS (basic) was ₹139.50.
7. How much did 3M India's total income amount to in Q1 FY 2024-25?
The total income was ₹1,06,832.74 lakhs.
8. What was the amount of other comprehensive income for 3M India in Q1 FY 2024-25?
The other comprehensive income was ₹98.07 lakhs.
9. What is the significance of the profit before tax for 3M India in Q1 FY 2024-25?
It shows a decrease in profitability, reflecting a 9% decline QoQ.