Industrial Machinery company 3M India announced Q1FY25 results:
- Sales & Other Operating Income: Rs 1,047 crore for April-June 2024, showing no significant growth compared to Rs 1,050 crore in April-June 2023.
- Other Income: Rs 22 crore in April-June 2024, representing a 47% increase from Rs 15 crore in April-June 2023.
- EBITDA: Rs 227 crore for April-June 2024, a 21% increase compared to Rs 188 crore in April-June 2023.
- Profit Before Tax (PBT): Rs 211 crore in April-June 2024, reflecting a 22% growth from Rs 173 crore in April-June 2023.
- Profit After Tax (PAT): Rs 157 crore for April-June 2024, an increase of 22% compared to Rs 129 crore in April-June 2023.
Commenting on the first quarter ended June 30, 2024 consolidated financial results, Ramesh Ramadurai, Managing Director of 3M India Limited, said “Revenues of the Company remained flat versus prior year. All Business segments delivered growth in the first quarter versus prior year except Transportation and Electronics business. Consumer business led growth by 3.3% versus prior year followed by Safety and Industrial by 2.7%. The Company delivered a 21.8% growth in Profit Before Tax versus prior year, with PBT margin of 19.7%. We continue to monitor external trends and impact on our business, while serving our customers efficiently”.