3M India climbs on robust June-quarter earnings growth

3M India

10/08/2023 09:11

** Shares of 3M India  TMIN.NS  rise as much as 3.49% to
27,764.95 rupees
    ** Diversified science and technology firm posts 53.1%
year-on-year rise in June-quarter consolidated profit after tax
to 1.29 bln rupees ($15.57 mln)
    ** Revenue from operations up 11.23% at 10.5 bln rupees 
    ** TMIN reports revenue growth across all major segments -
safety and industrial, transportation & electronics, health care
and consumer
    ** EBITDA (earnings before interest, tax, depreciation and
amortisation), as calculated by Reuters, rose 49% to 1.73 bln
rupees
    ** TMIN up 26.34% so far in 2023, compared with an 8% rise
in the Nifty 50 index  .NSEI  - Refinitiv data

($1 = 82.8275 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))