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3M India reports 65% rise in Q2 consolidated net profit

09 Nov 2022 Evaluate

3M India reported results for second quarter ended September 30, 2022.

The company has reported rise of 53.91% in its net profit at Rs 99.86 crore for Q2FY23 as compared to Rs 64.88 crore for the corresponding quarter previous year. Total income of the company increased by 22.13% to Rs 959.00 crore for the quarter under review as compared to Rs 785.22 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 65.44% in its net profit at Rs 106.23 crore for the quarter under review as compared to Rs 64.21 crore for the same quarter in the previous year. Total income of the company increased by 19.20% to Rs 1011.45 crore for the quarter under review as compared to Rs 848.52 crore for the same quarter in the previous year.

Peers
Company Name CMP
Grasim Industries 3173.00
DCM Shriram 977.20
3M India 34561.90
Hindustan Foods 618.85
Balmer Lawrie & Co 164.30
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