3M India Ltd reports rise in consolidated net profit to Rs. 124.80 crores in Q3FY23

3M India Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1005.0196 crores during the period ended December 31, 2022 as compared to Rs. 1011.4537 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 124.8069 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 106.2337 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 110.79 for the period ended December 31, 2022 as compared to Rs. 94.30 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹1005.0196 crs	₹1011.4537 crs	-0.64%
Net Profit	₹124.8069 crs	₹106.2337 crs	17.48%
EPS	₹110.79	₹94.30	17.49%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.1005.0196 crores during the period ended December 31, 2022 as compared to Rs.833.9701 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.124.8069 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.66.7444 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.110.79 for the period ended December 31, 2022 as compared to Rs.59.25 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹1005.0196 crs	₹833.9701 crs	20.51%
Net Profit	₹124.8069 crs	₹66.7444 crs	86.99%
EPS	₹110.79	₹59.25	86.99%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.2971.5249 crores during the 9 Months period ended December 31, 2022 as compared to Rs.2434.3589 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.315.2999 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.161.0560 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.279.89 for the 9 Months period ended December 31, 2022 as compared to Rs.142.97 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹2971.5249 crs	₹2434.3589 crs	22.07%
Net Profit	₹315.2999 crs	₹161.0560 crs	95.77%
EPS	₹279.89	₹142.97	95.77%

Shares of 3M India Limited was last trading in BSE at Rs. 22831.35 as compared to the previous close of Rs. 22653.85. The total number of shares traded during the day was 120 in over 83 trades.

The stock hit an intraday high of Rs. 23181.70 and intraday low of 22603.85. The net turnover during the day was Rs. 2749406.00.

Source : Equity Bulls

Keywords

3MIndia Q3FY23 9MFY23 ResultUpdate