3M India slips on Q2 profit drop

3M India

13/11/2024 06:08

** Diversified products maker 3M India  TMIN.NS  falls 3.4%
to 33,707.60 rupees; set for worst day since early June
    ** "Post-it" notes to power tools maker reports 8.4% fall in
Q2 profit after tax at 1.34 bln rupees ($16 mln), hurt by ~10%
jump in expenses
    ** Rev from ops climb ~7%
    ** Stock on track for fourth straight session of losses
    ** TMIN down 8.5% YTD

($1 = 84.3940 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))