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3M India reports 53% rise in Q1 consolidated net profit

10 Aug 2023 Evaluate

3M India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 45.38% rise in its net profit at Rs 116.67 crore for the quarter under review as compared to Rs 80.25 crore for the same quarter in the previous year. Total income of the company increased by 9.88% at Rs 989.69 crore for Q1FY24 as compared Rs 900.74 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 53.35% rise in its net profit at Rs 129.21 crore for the first quarter ended June 30, 2023 as compared to Rs 84.26 crore for the same quarter in the previous year. Total income of the company increased by 11.49% at Rs 1,064.82 crore for Q1FY24 as compared Rs 955.05 crore for the corresponding quarter 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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