3M India (523395) Q1 24/25 earnings summary

Executive summary

• Standalone and consolidated revenues for Q1 FY25 showed marginal year-over-year growth, with consolidated revenue at ₹1,047 crore, flat compared to the prior year, and standalone revenue at ₹995 crore, up 2% year-over-year.

• Profitability improved significantly year-over-year, with consolidated PAT up 22% to ₹157 crore and standalone PAT up 25% to ₹146 crore.

• Sequentially, both revenue and profits declined, with consolidated revenue down 4% and PAT down 9% from the previous quarter.

Financial highlights

• Consolidated EBITDA for Q1 FY25 was ₹227 crore, up 21% year-over-year but down 7% sequentially.

• Standalone EBITDA grew 25% year-over-year to ₹213 crore but declined 7% sequentially.

• Consolidated PBT margin stood at 19.7% for the quarter.

• Basic and diluted EPS for the quarter were ₹139.50 (consolidated) and ₹130.03 (standalone).

Outlook and guidance

• Management highlighted continued monitoring of external trends and a focus on efficient customer service.