3M India hits 19-month low on quarterly profit drop
Yesterday 07:50
BUZZ-3M India hits 19-month low on quarterly profit drop ** Shares of 3M India TMIN.NS fall nearly 10% to 26,410 rupees, their lowest since early April 2025
** Indian subsidiary of US-based 3M Company MMM.N says Q2 profit after tax drops 17.2% y/y to 1.58 billion rupees ($16.78 million), despite a roughly 15% rise in revenue
** Co says profit declines due to the impact of Indian rupee depreciation and input cost inflation due to the Middle East crisis
** YTD, stock down nearly 23%
($1 = 94.1550 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
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