3M India Q2 Results Live: Profit Falls by 8.44% YOY

3M India Q2 Results Live : 3M India declared its Q2 results on 12 Nov, 2024, reporting a topline increase of 6.86% year-over-year, while profit experienced a decline of 8.44%. This performance reflects challenges in profit margins despite a growth in revenue.

When comparing to the previous quarter, 3M India's revenue grew by 6.14%, but profit showed a more significant decline of 14.87%. This trend raises concerns about the company's cost management and profitability.

The Selling, General & Administrative expenses have risen by 1.08% quarter-over-quarter and increased by 13.16% year-over-year, indicating that operational costs are impacting the company's financial results.

Operating income for the company was down by 11.74% quarter-over-quarter and decreased by 5.51% year-over-year, suggesting ongoing pressures on operational efficiency.

The earnings per share (EPS) for Q2 stands at ₹118.76, which is an 8.44% decrease compared to the previous year, further emphasizing the profit decline.

In the market performance segment, 3M India has delivered a -1.59% return in the last week, a 22.47% return over the past six months, and a -5.2% year-to-date return, highlighting volatility in its stock performance.

As of now, 3M India has a market capitalization of ₹39,313.8 Cr with a 52-week high of ₹40,642.95 and a low of ₹28,120.4, showing fluctuations in stock value.

Analyst sentiment remains positive, with 1 out of 1 analysts covering the company giving a Strong Buy rating as of 13 Nov, 2024. The consensus recommendation underscores confidence in the company’s future potential despite current challenges.