3M India Q2 Results Live: Profit Falls by 8.44% YOY
3M India Q2 Results Live: Revenue increased by 6.86% YoY & profit decreased by 8.44% YoY
3M India Q2 Results Live : 3M India declared its Q2 results on 12 Nov, 2024, reporting a topline increase of 6.86% year-over-year, while profit experienced a decline of 8.44%. This performance reflects challenges in profit margins despite a growth in revenue.
When comparing to the previous quarter, 3M India's revenue grew by 6.14%, but profit showed a more significant decline of 14.87%. This trend raises concerns about the company's cost management and profitability.
The Selling, General & Administrative expenses have risen by 1.08% quarter-over-quarter and increased by 13.16% year-over-year, indicating that operational costs are impacting the company's financial results.
Operating income for the company was down by 11.74% quarter-over-quarter and decreased by 5.51% year-over-year, suggesting ongoing pressures on operational efficiency.
The earnings per share (EPS) for Q2 stands at ₹118.76, which is an 8.44% decrease compared to the previous year, further emphasizing the profit decline.
In the market performance segment, 3M India has delivered a -1.59% return in the last week, a 22.47% return over the past six months, and a -5.2% year-to-date return, highlighting volatility in its stock performance.
As of now, 3M India has a market capitalization of ₹39,313.8 Cr with a 52-week high of ₹40,642.95 and a low of ₹28,120.4, showing fluctuations in stock value.
Analyst sentiment remains positive, with 1 out of 1 analysts covering the company giving a Strong Buy rating as of 13 Nov, 2024. The consensus recommendation underscores confidence in the company’s future potential despite current challenges.
3M India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1110.8 | 1046.57 | +6.14% | 1039.52 | +6.86% |
| Selling/ General/ Admin Expenses Total | 107.75 | 106.6 | +1.08% | 95.22 | +13.16% |
| Depreciation/ Amortization | 13.99 | 13.58 | +3.01% | 12.89 | +8.55% |
| Total Operating Expense | 941.46 | 854.69 | +10.15% | 860.3 | +9.43% |
| Operating Income | 169.34 | 191.88 | -11.74% | 179.22 | -5.51% |
| Net Income Before Taxes | 183.11 | 210.97 | -13.2% | 195.91 | -6.54% |
| Net Income | 133.78 | 157.15 | -14.87% | 146.11 | -8.44% |
| Diluted Normalized EPS | 118.76 | 139.5 | -14.87% | 129.71 | -8.44% |
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First Published:13 Nov 2024, 11:41 AM IST
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