3M India Q1 Results: 3M India reported a mixed bag of results in the June quarter of financial year 2027 (Q1FY27).
The company's net profit surged 31.2% year-on-year (YoY) to Rs 233 crore for the June quarter, compared with Rs 178 crore in the year-ago period.
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The revenue from operations increased 19% YoY to Rs 1,423 crore, from Rs 1,196 crore a year earlier.
However, earnings before interest, tax, depreciation and amortisation (EBITDA) declined 1.5% YoY to Rs 238 crore, from Rs 242 crore.
Consequently, EBITDA margin contracted 350 basis points (bps) to 16.7% in the June quarter of FY27, from 20.2% in the corresponding quarter last year.
3M India, a subsidiary of US-based 3M, is a diversified technology and manufacturing company with a presence across safety and industrial, transportation and electronics, healthcare, and consumer products.
Established in India in 1988, the company has also expanded its Bengaluru operations into a global innovation and capability hub, supporting research, technology and product development for markets in India and overseas.
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