3M India (523395) Q3 24/25 earnings summary

Executive summary

• Revenue for the quarter ended December 31, 2024, was ₹110,677.92 lakhs, up 8% year-over-year but down 2% sequentially.

• Net profit after tax for the quarter was ₹11,376.60 lakhs, a 16% decline year-over-year and 15% sequentially.

• Health Care segment led growth with a 23.2% increase year-over-year, while Safety & Industrial declined 1.4%.

• EBITDA and margins declined both sequentially and year-over-year due to cost headwinds.

Financial highlights

• Total income for the quarter: ₹110,677.92 lakhs; nine months: ₹330,407.53 lakhs.

• Net profit after tax for the quarter: ₹11,376.60 lakhs; nine months: ₹40,469.63 lakhs.

• Basic and diluted EPS for the quarter: ₹100.99; nine months: ₹359.25.

• EBITDA for the quarter: ₹17,100 lakhs, down 15% sequentially and 12% year-over-year.

Outlook and guidance

• Management notes broadly soft end-use markets and is investing selectively in commercial execution.

• Company expects continued cost headwinds from materials and freight to impact margins.