 "3M India zooms 20% on over three-fold jump in Q3 profit")
Shares of 3M India are locked in upper circuit of 20% at Rs 12,163 on the NSE after the company reported more than three-fold jump in net profit at Rs 56.61 crore for the quarter ended December 31, 2015 (Q3FY16) on back of strong operational income. The company had profit of Rs 16.65 crore in December 2014 quarter.
Total income from operations during the quarter review grew 16.9% to Rs 518 crore as compared to Rs 443 crore in the corresponding quarter of previous fiscal.
Earnings before interest, tax, depreciation and amortisation (Ebitda) margin improved substantially to 17.5% in Q3FY16 against 15.6% in Q2FY16 and 7.9% in Q3FY15.
For the first nine months (April-December) of current fiscal, the company reported profit of Rs 143 crore against Rs 67 crore in the same period last fiscal. It had profit of Rs 108 crore in entire FY15.
3M India Ltd is a diversified manufacturer, technology innovator and marketer of a wide variety of products. The company has worldwide presence spanning Consumer & Office, Display & Graphics, Electro & Communications, Healthcare, Industrial & Transportation, and Safety, Security & Protection services.
Till 09:52 AM, a combined 7,151 equity shares changed hands and there were pending buy orders for 10,847 shares on the BSE and NSE.
Total income from operations during the quarter review grew 16.9% to Rs 518 crore as compared to Rs 443 crore in the corresponding quarter of previous fiscal.
Earnings before interest, tax, depreciation and amortisation (Ebitda) margin improved substantially to 17.5% in Q3FY16 against 15.6% in Q2FY16 and 7.9% in Q3FY15.
For the first nine months (April-December) of current fiscal, the company reported profit of Rs 143 crore against Rs 67 crore in the same period last fiscal. It had profit of Rs 108 crore in entire FY15.
3M India Ltd is a diversified manufacturer, technology innovator and marketer of a wide variety of products. The company has worldwide presence spanning Consumer & Office, Display & Graphics, Electro & Communications, Healthcare, Industrial & Transportation, and Safety, Security & Protection services.
Till 09:52 AM, a combined 7,151 equity shares changed hands and there were pending buy orders for 10,847 shares on the BSE and NSE.
