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

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)

Particulars	January – March 2023	October – December 2022	Growth
Sales & Other Operating Income	986	932	6%
Other Income	8	11	-27%
EBITDA	188	166	13%
PBT	168	151	11%
PAT	123	113	9%

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

Particulars	January – March 2023	January – March 2022	Growth
Sales & Other Operating Income	986	849	16%
Other Income	8	9	-11%
EBITDA	188	158	19%
PBT	168	143	17%
PAT	123	106	16%

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

Particulars	April – March 2023	April – March 2022	Growth
Sales & Other Operating Income	3,733	3,078	21%
Other Income	64	35	83%
EBITDA	624	417	50%
PBT	561	360	56%
PAT	416	266	56%

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

Particulars	January – March 2023	October – December 2022	Growth
Sales & Other Operating Income	1,046	993	5%
Other Income	10	12	-17%
EBITDA	204	183	11%
PBT	184	167	10%
PAT	136	125	9%

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

Particulars	January – March 2023	January – March 2022	Growth
Sales & Other Operating Income	1,046	926	13%
Other Income	10	9	11%
EBITDA	204	167	22%
PBT	184	151	22%
PAT	136	111	23%

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

Particulars	April – March 2023	April – March 2022	Growth
Sales & Other Operating Income	3,959	3,336	19%
Other Income	68	37	84%
EBITDA	672	426	58%
PBT	607	368	65%
PAT	451	272	66%

Commenting on the fourth quarter and financial year ended March 31^st, 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.”