3M India released results for the fourth quarter and financial year

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3M India Limited held a meeting of its Board of Directors and is pleased to announce the following highlights of results for the fourth quarter and financial year ended March 31, 2023.

  • 3M India Limited registers topline and bottom-line growth (Standalone and Consolidated) on Q-o-Q (sequential) and Q-o-Q (previous year) basis.
  • Standalone and Consolidated EBITDA registers growth on Q-o-Q (sequential) and Q-o-Q (previous year) basis.
  • Three out of the four segments (Standalone & Consolidated) registered growth on Q-o-Q (sequential) Q-o-Q (previous year) basis.

Standalone Results: (Rs. Crores)- Q-o-Q (Sequential)

ParticularsJanuary – March 2023October – December 2022Growth
Sales & Other Operating Income9869326%
Other Income811-27%
EBITDA18816613%
PBT16815111%
PAT1231139%

Standalone Results: (Rs. Crores)- Q-o-Q (previous year)

ParticularsJanuary – March 2023January – March 2022Growth
Sales & Other Operating Income98684916%
Other Income89-11%
EBITDA18815819%
PBT16814317%
PAT12310616%

Standalone Results: (Rs. Crores)- Y-o-Y

ParticularsApril – March 2023April – March 2022Growth
Sales & Other Operating Income3,7333,07821%
Other Income643583%
EBITDA62441750%
PBT56136056%
PAT41626656%

Consolidated Results: (Rs. Crores)- Q-o-Q (Sequential)

ParticularsJanuary – March 2023October – December 2022Growth
Sales & Other Operating Income1,0469935%
Other Income1012-17%
EBITDA20418311%
PBT18416710%
PAT1361259%

Consolidated Results: (Rs. Crores)- Q-o-Q (previous year)

ParticularsJanuary – March 2023January – March 2022Growth
Sales & Other Operating Income1,04692613%
Other Income10911%
EBITDA20416722%
PBT18415122%
PAT13611123%

Consolidated Results: (Rs. Crores)- Y-o-Y

ParticularsApril – March 2023April – March 2022Growth
Sales & Other Operating Income3,9593,33619%
Other Income683784%
EBITDA67242658%
PBT60736865%
PAT45127266%

Commenting on the fourth quarter and financial year ended March 31st, 2023, results Mr. Ramesh Ramadurai, Managing Director of 3M India Limited, said “On a consolidated basis, the Company delivered 13% sales growth in the fourth quarter and 18.7% sales growth for the full year, both versus prior period. For the quarter, Transportation & Electronics grew 26.6%, Healthcare grew 17.2%, Safety & Industrial grew 2.7%, Consumer -3.3% versus prior year. For the full year FY 2022-23, Transportation & Electronics business led the Company’s growth, followed by Health Care. Our teams continued to execute well, with focus on customers and supply partners. I would like to thank our employees for their dedication and customer focus, and to all our stakeholders for their support to our Company.”