3M India zooms on reporting 87% rise in Q3 consolidated net profit
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3M India is currently trading at Rs. 23654.45, up by 574.50 points or 2.49% from its previous closing of Rs. 23079.95 on the BSE.
The scrip opened at Rs. 23233.25 and has touched a high and low of Rs. 23957.80 and Rs. 23233.25 respectively. So far 338 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 26858.00 on 11-Feb-2022 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. 23957.80 and Rs. 22495.45 respectively. The current market cap of the company is Rs. 26746.09 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.30% and 13.70% respectively.
3M India has reported results for third quarter ended December 31, 2022. (Q3FY23)
The company has reported rise of 66.48% in its net profit at Rs 112.77 crore for Q3FY23 as compared to Rs 67.74 crore for the corresponding quarter previous year. Total income of the company increased by 22.56% to Rs 943.41 crore for the quarter under review as compared to Rs 769.75 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 87.01% in its net profit at Rs 124.81 crore for Q3FY23 as compared to Rs 66.74 crore for the same quarter in the previous year. Total income of the company increased by 20.51% to Rs 1,005.02 crore for the quarter under review as compared to Rs 833.97 crore for the same quarter in the previous year.
