On a consolidated basis, 3M India's net profit dropped 17.4% to Rs 59.39 crore on a 0.5% fall in net sales at Rs 741.44 crore in Q3 December 2020 over Q3 December 2019.
Profit before tax (PBT) skid 16.3% to Rs 80.74 crore in Q3 December 2020 as against Rs 96.41 crore in Q3 December 2019. Tax expense for the quarter advanced 12.83% to Rs 21.34 crore as against Rs 24.48 crore in Q3 December 2019. The Q3 result was declared during market hours today, 10 February 2021.
Shares of 3M India rose 1.64% to Rs 21,559.80. 3M India is a technology company which offers tapes, adhesives, advanced ceramics, sealants, specialty materials, closure systems for personal hygiene products, as well as offers scotch masking tape, scotch filament tape and scotch packaging tape.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app