3M India shines on reporting 27% rise in Q4 consolidated net profit
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3M India is currently trading at Rs. 34651.15, up by 670.45 points or 1.97% from its previous closing of Rs. 33980.70 on the BSE.
The scrip opened at Rs. 34300.05 and has touched a high and low of Rs. 35499.95 and Rs. 33588.70 respectively. So far 2348 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 39809.65 on 29-Dec-2023 and a 52 week low of Rs. 23837.80 on 30-May-2023.
Last one week high and low of the scrip stood at Rs. 35499.95 and Rs. 30350.00 respectively. The current market cap of the company is Rs. 38279.50 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 12.07% and 12.93% respectively.
3M India has reported 30.80% rise in its net profit at Rs 161.24 crore for the quarter ended March 31, 2024 as compared to Rs 123.27 crore for the same quarter in the previous year. Total income of the company increased by 6.56% at Rs 1,059.75 crore for Q4FY24 as compared Rs 994.51 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 27.36% rise in its net profit at Rs 172.85 crore for fourth quarter ended March 31, 2024 as compared to Rs 135.72 crore for the same quarter in the previous year. Total income of the company increased by 6.52% at Rs 1,124.73 crore for Q4FY24 as compared Rs 1,055.90 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 28.87% rise in its net profit at Rs 536.27 crore as compared to Rs 416.14 crore for the previous year. Total income of the company increased by 5.18% at Rs 3,994.23 crore for year under review as compared to Rs 3,797.66 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 29.36% rise in its net profit at Rs 583.42 crore as compared to Rs 451.02 crore for the previous year. Total income of the company increased by 5.96% at Rs 4,267.65 crore for year under review as compared to Rs 4,027.46 crore for year ended March 31, 2023.
