3M India shines on reporting 53% rise in Q1 consolidated net profit
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3M India is currently trading at Rs. 27751.20, up by 854.50 points or 3.18% from its previous closing of Rs. 26896.70 on the BSE.
The scrip opened at Rs. 26900.00 and has touched a high and low of Rs. 28108.00 and Rs. 26702.10 respectively. So far 725 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 29150.00 on 14-Jul-2023 and a 52 week low of Rs. 21380.70 on 03-Jan-2023.
Last one week high and low of the scrip stood at Rs. 28786.90 and Rs. 26650.00 respectively. The current market cap of the company is Rs. 31261.92 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.98% and 13.00% respectively.
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.
