Earnings|3M India Ltd. (NSE:3MINDIA): Q3FY23 Results Out; Total Income rise 20% YoY

3M India Ltd. (NSE:3MINDIA) is a technology-driven diversified company that operates in various sectors, including industrial, safety and graphics, healthcare, and consumer goods. It provides a wide range of products and solutions to its customers, such as adhesives, abrasives, car-care products, respiratory protection equipment, medical tapes, and more. The company is headquartered in Bangalore, India and is a subsidiary of 3M Company, a multinational corporation based in the United States.

3M India Ltd. is a company that operates in the diversified industrial sector. The company recently reported its financial results for the third quarter of the fiscal year 2022 (Q3FY23). The company’s net profit for Q3FY23 increased by 66.48% to Rs. 112.77 crore compared to the corresponding quarter in the previous year. The total income for the quarter increased by 22.56% to Rs. 943.41 crore compared to the same quarter in the previous year.

On a consolidated basis, the company’s net profit for Q3FY23 increased by 87.01% to Rs. 124.81 crore compared to the same quarter in the previous year. The total income for the quarter increased by 20.51% to Rs. 1,005.02 crore compared to the same quarter in the previous year. The company’s total income for the period ended December 31, 2022, was Rs. 1,005 crore compared to Rs. 1,011.4 crore during the period ended September 30, 2022.

The company’s net profit for the period ended December 31, 2022, was Rs. 124.8 crore compared to net profit of Rs. 106.2 crore for the period ended September 30, 2022. The EPS for the period ended December 31, 2022, was Rs. 110.79 compared to Rs. 94.30 for the period ended September 30, 2022. The company’s total income for the period ended December 31, 2022, was Rs. 1,005 crore compared to Rs. 833 crore during the period ended December 31, 2021. The company’s net profit for the period ended December 31, 2022, was Rs. 124.8 crore compared to net profit of Rs. 66.7 crore for the period ended December 31, 2021. The EPS for the period ended December 31, 2022, was Rs. 110.79 compared to Rs. 59.25 for the period ended December 31, 2021.

Overall, 3M India Ltd. has shown growth in net profit and total income for Q3FY23 compared to the same quarter in the previous year. The company’s consolidated net profit and total income have also shown growth during the same period. However, there has been a slight decline in the company’s total income for the period ended December 31, 2022, compared to the previous quarter.