3M India Ltd posts rise in Q2FY23 consolidated PAT to Rs. 106.23 crores

3M India Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1011.4537 crores during the period ended September 30, 2022 as compared to Rs. 955.0516 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 106.2337 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 84.2593 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 94.30 for the period ended September 30, 2022 as compared to Rs. 74.80 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 1011.4537 crs	₹955.0516 crs	5.91%
Net Profit	₹106.2337 crs	₹84.2593 crs	26.08%
EPS	₹94.30	₹74.80	26.07%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 1011.4537 crores during the period ended September 30, 2022 as compared to Rs.848.5256 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.106.2337 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.64.2157 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.94.30 for the period ended September 30, 2022 as compared to Rs.57 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 1011.4537 crs	₹848.5256 crs	19.20%
Net Profit	₹106.2337 crs	₹64.2157 crs	65.43%
EPS	₹94.30	₹57	65.44%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1966.5053 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1600.3888 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.190.4930 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.94.3116 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.169.10 for the 6 Months period ended September 30, 2022 as compared to Rs.83.72 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹1966.5053 crs	₹1600.3888 crs	22.88%
Net Profit	₹190.4930 crs	₹94.3116 crs	101.98%
EPS	₹169.10	₹83.72	101.98%

Shares of 3M India Limited was last trading in BSE at Rs. 22445.95 as compared to the previous close of Rs. 22864.30. The total number of shares traded during the day was 195 in over 172 trades.

The stock hit an intraday high of Rs. 23095.70 and intraday low of 22300.00. The net turnover during the day was Rs. 4429797.00.

Source : Equity Bulls

Keywords

3MIndia Q2FY23 H1FY23 ResultUpdate