3M India shines on reporting 57% rise in Q4 consolidated net profit
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3M India is currently trading at Rs. 19381.90, up by 1777.40 points or 10.10% from its previous closing of Rs. 17604.50 on the BSE.
The scrip opened at Rs. 18900.00 and has touched a high and low of Rs. 20914.00 and Rs. 18900.00 respectively. So far 1419 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27800.00 on 08-Nov-2021 and a 52 week low of Rs. 17300.00 on 27-May-2022.
Last one week high and low of the scrip stood at Rs. 20914.00 and Rs. 17300.00 respectively. The current market cap of the company is Rs. 22107.42 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 10.79% and 14.21% respectively.
3M India has reported a rise of 60.74% in its net profit at Rs 105.59 crore for the quarter ended March 31, 2022 as compared to Rs 65.69 crore for the same quarter in the previous year. Total income of the company increased by 10.45% at Rs 857.93 crore for Q4FY22 as compared Rs 776.79 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 57.40% in its net profit at Rs 110.92 crore for the quarter ended March 31, 2022 as compared to Rs 70.47 crore for the same quarter in the previous year. Total income of the company increased by 12.04% at Rs 934.81 crore for Q4FY22 as compared Rs 834.38 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 78.29% in its net profit at Rs 266.18 crore as compared to Rs 149.30 crore for the previous year. Total income of the company increased by 27.21% at Rs 3,113.02 crore for year under review as compared to Rs 2,447.23 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 67.49% in its net profit at Rs 271.97 crore as compared to Rs 162.38 crore for the previous year. Total income of the company increased by 28.27% at Rs 3,372.96 crore for year under review as compared to Rs 2,629.57 crore for year ended March 31, 2021.
