3M India Ltd

The Board of 3M India at its meeting held on 13 March 2025 has appointed Radhika Rajan (DIN: 00499485) (Non-Executive, Independent Director of the Company) as the 'Chairperson of the Board', with effect from 26 March 2025. Powered by Capital Market - Live

The Board of 3M India at its meeting held on 13 March 2025 has appointed Nikhil Arora as Chief Financial Officer and Key Managerial Personnel of the Company with effect from 05 May 2025.Powered by Capital Market - Live

The Board of 3M India at its meeting held on 13 March 2025 has appointed Jayanand Vasudeorao Kaginalkar (DIN: 07904558), as an Additional Director of the Company, categorized as Executive Director (designated as 'Wholetime Director') with effect from 01 April 2025. The Board also appointed Jung Hyun Kim (DIN: 10954275) as an Additional Director of the Company, categorized as Non-Executive and Non-Independent Director of the Company with effect from 01 April 2025.Powered by Capital Market - Live

Net profit of 3M India declined 15.88% to Rs 113.77 crore in the quarter ended December 2024 as against Rs 135.24 crore during the previous quarter ended December 2023. Sales rose 8.38% to Rs 1089.95 crore in the quarter ended December 2024 as against Rs 1005.64 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1089.951005.64 8 OPM %14.1417.76 - PBDT168.12194.36 -14 PBT154.11181.23 -15 NP113.77135.24 -16 Powered by Capital Market - Live

Prasad Balakrishnan has been appointed interim CFO, with effect from 30 January 2025. Prasad Balakrishnan holds a Bachelor's Degree in Commerce from Bangalore University and is a qualified Chartered Accountant. Prasad Balakrishnan has about 22 years of experience of working in senior finance positions. During his last 16 years in 3M, He has held several finance positions such as Finance Manager, Internal Audit head and currently as Finance Controller. Prior to joining 3M, he worked with Metro Cash and Carry for 6 years in various roles of Finance. His experience runs across broadly in the finance function, including Accounting and Controlling, Financial Planning, Treasury, M&A, Taxation and related compliance roles. 3M India is a diversified company engaged in manufacturing of, and trading in, a wide variety of products catering to the industrial, transportation, automotive, construction, engineering, healthcare, traffic and safety, household, and office segments. Its operations are broadly classified under five business segments: safety & industrial, transportation & electronics, health care, consumer and others. The company's standalone net profit fell 8.44% to Rs 133.78 crore despite of 6.86% increase in revenue from operations to Rs 1,110.80 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.15% to settle at Rs 29,398.80 on Wednesday, 29 January 2025.Powered by Capital Market - Live

3M India will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live

3M India has appointed Kong Sau Wai Elizabeth (DIN: 10879418) as an Additional Director in the category of Non-Executive and Non-Independent Director, effective 01 January 2025. Powered by Capital Market - Live

Profit before tax (PBT) dropped 6.54% YoY to Rs 183.10 crore during the quarter. EBITDA stood at Rs 201 crore in Q2 FY2, registering the de-growth of 4% as compared with Rs 210 crore posted in corresponding quarter last year. In Q2 FY25, revenue from safety & Industrial segment stood at Rs 360.42 crore (up 8.56% YoY), revenue from Healthcare stood at Rs 232.32 crore (up 19.33% YoY), consumer segment stood at Rs 124.74 crore (up 8.32% YoY) while revenue from transportation & electronics business was at Rs 385.34 crore (down 1.4% YoY) Ramesh Ramadurai, managing director of 3M India, said, 'The company delivered 7% sales growth in the current quarter versus corresponding prior year and growth of 6% on a sequential basis. Growth versus prior year was led by Health Care at 19%. Safety & Industrial and Consumer business segments delivered between 8% - 9% growth. Transportation & Electronics segment growth declined marginally by 1.4%. The company delivered growth broadly in line with enduse markets, with outperformance in certain segments such as automotive, consumer and healthcare. We experienced cost headwinds both due to elevated freight costs as well as material cost increases. In this environment, our teams were focused on serving our customers efficiently through effective cross-functional collaboration.' 3M India is a diversified company engaged in manufacturing of, and trading in, a wide variety of products catering to the industrial, transportation, automotive, construction, engineering, healthcare, traffic and safety, household, and office segments. Its operations are broadly classified under five business segments: safety & industrial, transportation & electronics, health care, consumer and others.Powered by Capital Market - Live

Net profit of 3M India declined 8.44% to Rs 133.78 crore in the quarter ended September 2024 as against Rs 146.11 crore during the previous quarter ended September 2023. Sales rose 6.86% to Rs 1110.80 crore in the quarter ended September 2024 as against Rs 1039.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1110.801039.52 7 OPM %16.5018.48 - PBDT197.10208.80 -6 PBT183.11195.91 -7 NP133.78146.11 -8 Powered by Capital Market - Live

3M India will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live