The shares of 3M India opened at ₹ 19800 apiece with a gap up opening of 13.52% and touched an intraday high of ₹ 20899 in NSE on Monday’s early trades. They are currently trading at ₹ 19330 levels after changing 29510 hands.
The company reported a consolidated total income of ₹ 934.81 crores in Q4FY22, indicating an increase of 12.09% from ₹ 833.97 crores in the previous quarter (Q3FY22), and up 12.04% from ₹ 834.38 crores during the corresponding quarter of the previous year.
The company reported a net profit of ₹ 110.92 crores in the current quarter, up 66.19% as against the net profit of ₹ 66.744 crores in the previous quarter.
3M India is a subsidiary of 3M Company, USA, and it manages its operations in four operating segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer.
